Grow your business. With less uncertainty.
Comerica knows that your business has a unique set of challenges. That’s why we offer a multitude of business loan solutions for your business borrowing needs. Soultions that help you leverage opportunities to expand your business, make a capital purchase, or refinance an existing loan. A term loan from Comerica is an easy way to grow your business with peace of mind.
Community Banking Term Loans are designed for your business:
- Loan amounts up to $500,0001
- Purchasing or improving real estate2
- Purchase inventory, equipment, or a work vehicle for transportation
- Grow business operations
- Changes in supplier credit terms
- Pre-season or project costs
- Seasonal purchase of inventory
Comerica offers both secured and unsecured options to help your business succeed. Our secured options for collateral include real estate2, equipment, titled vehicle, business assets, and marketable securities3 or cash. Because we understand your business is unique we also offer options for accounts receivable, corporate assets and personal assets as collateral.
- Fixed monthly payment for the length of the loan
- Fixed term for the loan itself — usually 2 – 5 years
- Fixed or flexible interest rates
- A range of choices for collateral
What's more, when you sign-up for Comerica Loan Management, you’ll be able to make loan payments online as well as view up-to-date account information, including real-time loan balances, maturity dates, interest rates, transaction history, and loan advices (billing statements).
At Comerica, we've become the Leading Bank for Business4 by providing more than just banking basics. Our needs-based consultative process is built around providing business advice and not just banking products.
1 Loans subject to credit approval
2 In the state of Texas, business loans may not be secured by homestead real estate
3 CD, savings or marketable securities brokerage account held at Comerica Bank
4 Comerica ranks first nationally among the top 25 U.S. financial holding companies, based on commercial and industrial loans outstanding as a percentage of assets, as of March 31, 2018. Data provided by S&P Glabal Market Intelligence.