Term Loans
A Flexible Source of Business Funds

An American Savings Bank term loan may be just what you need to help your business grow. While most business customers use term loans to purchase fixed assets like equipment, vehicles, furniture, or fixtures, you may decide that you want a term loan to consolidate debt or for working capital — it's your choice.

We offer various terms to meet your needs. Terms are generally up to five years. Loans for commercial real estate may extend up to 10 years and for amortizations up to 15 years.

Once you've determined the amount your business needs and for what purpose, we will structure your repayment schedule based on your cash flow, long-term goals, and the useful life of the asset you are financing.

	Highlights Below > Benefits Your Business Will Receive > Fast Facts

Benefits Your Business Will Receive

• Flexible payment schedules
• No prepayment penalty (variable interest rates loans only)
• Wide range of terms to meet your needs
• The cost of a fixed asset is spread over its useful life, with a more manageable monthly payment
• Access to account information through AccountAbilitySM bank-by-phone service

	Fast Facts
	Terms Up to 5 years1

1. For commercial real estate, terms may extend up to 10 years and for amortizations up to 15 years.