Contact: Melinda Toy/Marketing Product Manager
Bank Mutual – Corporate Headquarters
4949 W. Brown Deer Road
Milwaukee, WI 53224
414.371.8261 | Melinda.Toy@bankmutual.com
Bank Mutual is pleased to announce their new small business loan specials for new money loans. In response to feedback from customers and their changing business needs, Bank Mutual has developed unique, highly competitive small business loan specials to help propel businesses forward. Bank Mutual has created these loan options to make starting and/or growing small businesses easier, and will work with each customer to find the unique solution that best suits their needs.
Business customers can choose between a term loan or line of credit, with loan amounts ranging from $25,000 to $200,000. Line of credit features include a 12-month maximum term, interest-only payments, and no prepayment penalty. Term notes can be used for purchasing real estate, equipment and vehicles, and have a maximum amortization on real estate of 20 years.
Rates for loan amounts ranging from $25,000 – $49,999 include a prime +1.99% for lines of credit and 3.99% or 4.99% for term loans, 36 or 60 months respectively. In addition, rates for loan amounts ranging $50,000 – $200,000 include a prime +0.99% for lines of credit, 3.49% or 3.99% for term loans 36 or 60 months respectively, and 4.50% or 4.99% for new vehicles. Applying for Bank Mutual small business loans is fast and free.
For more information and current rates, stop by one of our convenient 77 locations or visit us on the web at bankmutual.com/small-business.
