Business Term Loans

Discover why we’re the #1 local small business lender in our region for over a decade.

Is it working capital you need? Perhaps inventory? Partner with First Northern Bank to finance any of your business needs affordably.

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Features You’ll Love

  • Competitive rates
  • Customized terms
  • Local service
  • Attractive rates for a wide range of business expenses:
    • Working capital
    • Equipment
    • Machinery
    • Inventory
    • Facility improvements
    • And more
  • Loans from $25,000 to $750,000 (contact us for business term loans over $750,000)
    • Business Term Loans of $150,000 or less usually requires a simple 2-page application so you can get your funds quicker.
    • Need financing for a larger project? Business Term Loans of $150,001 to $750,000 require our All-In-One application. Your First Northern Bank lending professional will guide you through every step along the way. 
  • Repayment terms up to 60 months for loans under $300,000 or up to 84 months for loans over $300,000
  • 0.25% origination fee on loan amounts over $150,000
  • Quick, local decision-making and processing
  • Detailed, attentive service from start to finish

Smaller businesses still have big working capital needs and often need to act even faster. An Express Term Loan from First Northern Bank is perfect for just about any short-term need or expansion opportunity.

  • Loans from $25,000 to $150,000
  • Terms of 5 years - amortized principal & interest, monthly
  • A low upfront loan fee of $299
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Kasasa Cash CalculatorDisclaimer

Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.

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  • Estimated monthly interest earned* $0
  • Monthly ATM fees refunded**$0
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*Qualifications, limits and other requirements may apply. See details for more info.

**The maximum total of refunds on ATM withdrawal fees per monthly qualification cycle is 25.

Buy vs. Lease CalculatorDisclaimer

This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.

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  • Net cost of buying $0
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CD CalculatorDisclaimer

A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.

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Savings Goal CalculatorDisclaimer

Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.

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Simple Loan CalculatorDisclaimer

This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.

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Kasasa Cash*

Balance Minimum Opening Deposit Rate APY
0 - $15,000 $x 0.00% 0.00%
$15,000+ $x 0.00% 0.00%
All balances if qualifications not met $x 0.00% 0.00%

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Kasasa Saver*

Balance Minimum Opening Deposit Rate APY
0 - $15,000 $x 0.00% 0.00%
$15,000+ $x 0.00% 0.00%
All balances if qualifications not met $x 0.00% 0.00%

Qualifications

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