Accelerate

Commercial Loans for Our Business Partners

Line of Credit Term Loan
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Accelerate Small Business Loans

You have plans for your business. First State Bank wants to help you achieve those goals. Our Accelerate business loan program delivers accessible financing options to help your small to mid-size business grow.

Accelerate Business Line of Credit

Ideal for working capital, inventory, and other short-term needs.

When your small to medium-sized business needs access to cash for short-term needs, the Accelerate Business Line of Credit can be an ideal solution to help your company meet its growth goals.

  • Loan Amount: $25,000 – $250,000. Loan amount is capped at 15% of the company’s prior fiscal year-end sales revenue
  • Tiered Interest
  • Term: On demand
  • Collateral: All Business Assets (ABA), Other (TBD)
  • No prepayment penalty
  • Payment from an FSB Business account via EFT/ACH will be required
  • Minimum payment due is interest-only
  • Minimum of two years in business
  • An annual fee and processing fee will apply
Apply Now

Accelerate Business Term Loans

Ideal for the purchase of equipment, vehicles, refinancing, lease build-out, improvements, and more.

We believe in supporting local businesses, and we’re committed to helping your small to medium-sized business thrive. When you need financing to take advantage of a business opportunity, an Accelerate Business Term Loan can help you take the next step.

  • Loan Amount: $25,000 – $250,000. Loan amount is capped at 15% of the company’s prior fiscal year-end sales revenue for loans not secured by equipment or vehicle(s)
  • Tiered Interest
  • Terms: 36 months – 60 months, based on the purpose and collateral of the loan
  • Amortization: Same as the term of the loan
  • Collateral: All Business Assets (ABA), Commercial Vehicle, Commercial Equipment, or Other
  • A prepayment penalty will be incurred
  • Payment from an FSB Business account via EFT/ACH will be required
  • Monthly payment will consist of P & I
  • Minimum of two years in business
  • A processing fee will apply
Apply Now

Why First State Bank?

At First State Bank, we’re proud to be rooted here in Macomb County – we first opened our doors in 1917 and all of these years later, it’s still home to us. With 11 branches serving Oakland and Macomb Counties, we’re still locally-owned and operating right where we started. That’s something that means a lot to us.

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