Short-Term And Long-Term Loans For Businesses Wyoming MI

Looking for Short-Term And Long-Term Loans For Businesses in Wyoming? We have compiled a list of businesses and services around Wyoming that should help you with your search. We hope this page helps you find Short-Term And Long-Term Loans For Businesses in Wyoming.

Huntington National Bank - 28th Street Branch
(800) 480-2265
1105 28th Street Southwest
Wyoming, MI
ATM Fees
monthly fee: This account has no monthly fee.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

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Huntington National Bank - 44th Street Branch
(800) 480-2265
154 - 44th Street, S.W.
Wyoming, MI
ATM Fees
monthly fee: This account has no monthly fee.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

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Fifth Third Bank - Wyoming Branch
(800) 972-3030
2828 Michael Sw
Wyoming, MI
ATM Fees
monthly fee: Monthly service fees range from $0 to $15.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.) (Not all accounts provide this fee waiver.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact Fifth Third Bank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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Huntington National Bank - Bayberry Banking Office Branch
(800) 480-2265
5745 Byron Center Avenue
Wyoming, MI
ATM Fees
monthly fee: This account has no monthly fee.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

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PNC Bank - Clyde Park Branch
(800) 762-5684
5381 Clyde Park, S.W.
Wyoming, MI
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. This fee can be waived on your first two withdrawals each month by maintaining an average balance of $2,000.00 between your 'Spend' and 'Reserve' Accounts.
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact PNC Bank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Chase - Burlingame 44th Branch
(877) 682-4273
1825 44th Street, Southwest
Wyoming, MI
ATM Fees
monthly fee: Monthly service fees range from $0 to $35.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Fifth Third Bank - Chicago Drive/Godfrey Bc
(800) 972-3030
1031 Chicago Drive
Wyoming, MI
ATM Fees
monthly fee: Monthly service fees range from $0 to $15.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.) (Not all accounts provide this fee waiver.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact Fifth Third Bank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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Chase - Wyoming Meijer Banking Center Branch
(877) 682-4273
5500 Clyde Park Avenue
Wyoming, MI
ATM Fees
monthly fee: Monthly service fees range from $0 to $35.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Chase - Aurora Pond Retirement Branch
(877) 682-4273
2380 Aurora Pond, Sw
Wyoming, MI
ATM Fees
monthly fee: Monthly service fees range from $0 to $35.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Chase - Chicago Drive Branch
(877) 682-4273
1048 Chicago Drive, S.W.
Grand Rapids, MI
ATM Fees
monthly fee: Monthly service fees range from $0 to $35.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Short-Term And Long-Term Loans For Businesses

Business loans are generally divided into two categories. Loans of less than three years are typically considered short-term while loans greater than three years are fall into the long-term category. Long-term loans are normally for a period of 10 years although some may be approved for up to 20 years.

Short-term loans can be for periods as short as 90 days. The strength of a business in terms of their balance sheet, financial statement, credit history and time in business as well as the relationship with the lending institution all enter into the loan approval decision process. Loans of less than one year to proven customers are often approved without collateral and are referred to as unsecured loans. Loans in the one to three year category most often require collateral and the assets of a business such equipment, buildings or real estate can easily provide the necessary collateral, provided that there is sufficient worth in the assets. The lending institution will obviously want to assess the value of the collateral and will monitor the loan to insure that the collateral retains its' worth over the period of the loan. These types of loans are called secured loans because the collateral that guarantees repayment could be forfeited if the loan falls into default. An alternative to an unsecured short-term note would be for a business to negotiate an approved line of credit that could be used as necessary throughout a year. This can be negotiated in advance of any requirement for a short-term loan and is available should the need arise. Short-term loans are commonly used to cover cash flow shortfalls or the enable the purchase of additional inventory.

Long-term loans of greater than three years require a more detailed analysis by the lending institution. As with short-term loans the same criteria of a good credit history coupled with a successful business balance sheet and financial statement will make the approval process quicker and easier. A long-term loan will be a secured loan, and sufficient collateral must exist and will definitely be the basis for approval. Long-term loans are appropriate for large acquisitions or purchases of equipment that has an extended life.

Interest on short and long-term loans vary widely. Typically the interest rate will be 1-3% above the prime lending rate and it is obvious that the shorter the period of the loan the less the interest expense will be. Additionally the value of any col...

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