- Variety of loan options
- Express business installment loan
- Comprehensive loans available
Variety of Loan Options
M&T Bank offers a wide variety of business loan options to meet many different kinds of needs. Let's consider a few of the more significant ones. The company's phenomenal growth is due in large part to acquisitions and mergers with smaller companies, including OnBank, Allfirst Bank of Baltimore, and First National Bank of Maryland. From the late 1980s through the early 2000s, M&T acquired 20 different companies, and they can now boast of assets topping $97.1 billion.
Express Business Installment Loan
This loan is designed for businesses that need help purchasing equipment, conducting renovations, or expanding. The loan limit is $5 million, which should be enough for almost any businesses needs. By offering immediate term financing, companies can get the money in a matter of days, which makes it a great choice for ongoing projects.
Term loans are designed for businesses looking to fund expansions or equipment purchases. Loan amounts start at $10,000, and single or multiple disbursement options are available.
SBA Guaranteed Loans
Offered under the guidelines of the U.S. Small Business Administration, an SBA Loan is intended to help companies who might not otherwise qualify for financing. With loan amounts up to $5 million, it can help start or expand a business.
Comprehensive Loans Available
The M&T Bank website provides quite a bit of information about different types of business loans, and though the information provided is not comprehensive, it does give a clear picture of what is available. Through the main website, customers can find a link to something called AnswerZone. This is a great resource for small business owners, offering a number of tools for calculating estimated payments and interest rates, and it also provides in-depth business strategy guides and extensive information on financing, small business retirement plans, and employee benefits.
Customers are given a number of ways to begin the loan application process. They can fill out forms online, talk to a representative over the phone, or make an appointment to meet with someone in person. The online process has a clean interface, making it easy to follow. Applicants simply fill in boxes with necessary information, submit it online, and wait to be contacted.