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Commercial Mortgage

FirstBank VI can help facilitate the growth of your business by providing a number of financing options, including long term loans from one year up to a maximum of thirty years. The terms vary and can be adjusted to meet the specific needs of your business. These loans are available to established businesses with at least three years history.

  • Loan to value maximum 80% (first mortgage), 70% (second mortgage) of appraised value or purchase price (whichever is lower).
  • Term maximum five years fixed rate up to thirty years amortization and maturity.
  • Leases - All current and future leases must be assigned to the bank.

Application Procedure:

  • Applications may be obtained at any FirstBank branches Location or simply download an application online.
  • Signed copies of the business last three annual tax returns and financial statements.
  • A personal financial statement dated within 90 days from each owner.
  • Current business plan.
  • Listing of collateral to be pledged as security for the loan.

Related Products:

To receive information and advice about our loans and other banking products that can help you address your financial needs, visit any of our FirstBank branches or click here for a directory of our Commercial Banking contacts.