Whatever your business requires, our Commercial Lending Department will work with you to provide timely financial support. Whether you're just starting up a new business, or you are looking for better ways to manage your cash flow, Metropolitan can provide flexible financing options.
If you need financing for a plant expansion, machinery, equipment or working capital, we can help. A secured loan from Metropolitan allows a business to borrow against its qualified assets. We also have short-term commercial loans for seasonal working capital. You can purchase new properties or improve existing properties with a commercial real estate loan.
Stop by and visit with one of our Commercial Loan Officers. They will review your financial statements with you and offer a plan to meet your particular financial needs.
Commercial Lines of Credit
At Metropolitan, you can arrange for a line of credit now, and then use it when your business needs it. Once your company has established a line of credit, it will be periodically reviewed so that it continues to meet anticipated credit needs. You can borrow all or part of your line of credit only as you need it. Set one up today, and you'll be prepared to take advantage of business opportunities.
Lines of Credit can be established for:
- Working capital
- Inventory purchases
- Bond pre-qualification
- Accounts receivable financing
Letters of Credit
Metropolitan issues letters of credit which can be either secured or unsecured and are usually issued on a "stand-by" basis. A letter of credit may allow a business customer to purchase products from a supplier who may not be familiar with their company's credit standing.
Important information about procedures for opening a new account
To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.