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Introduction

Ready to finance new equipment, an acquisition, or profitable sales growth? So are we! Mechanics Bank offers business loans tailored to your needs.

Our business experts

Call or visit the Commercial Loan Department to discuss your financing options.

Meet our team

Business Lines of Credit

Key features:

  • Interest rates depend on purpose of the loan, amount of the loan, term, collateral, and overall strength of the credit relationship
  • Interest is payable monthly or quarterly
  • Contact our Commercial Loan Department to initiate discussion about your unique needs at 419-524-0831

Business Loans

Key features:

  • Interest rates depend on purpose of the loan, amount of the loan, term, collateral, and overall strength of the credit relationship
  • Payments are structured to match your repayment capacity
  • Contact our Commercial Loan Department to discuss your unique needs at 419-524-0831

Agricultural Lending

Our focus is on the local businesses and local farmers who make Richland County and our surrounding area a great place to live. When you talk to us, you can rest assured that you’re talking to local decision makers who live and work in the same community as you. Mechanics has been headquartered right here in Mansfield, OH since our start in 1886. We’re not just your bank, we’re your neighbors.

We understand that the agriculture business is a pillar of our local economy, and that keeping your farm running can require flexible solutions. We can offer a quick turnaround on unique products and terms to benefit small and medium farms.

Key features:

Offerings include:

  • Agricultural Lines of Credit (can be tied to your Mechanics Bank checking account)
  • Agricultural Real Estate Loans
  • Agricultural Equipment Loans

Business Real Estate and Construction Loans

Mechanics, the community’s only independent business mortgage lender, offers various loan structures to support your investment borrowing needs. Call or visit our Business Loan Department to talk about your project. Our Mechanics lenders are prepared to help you through the process of evaluating the various rate options, how much of a down payment is advisable, how long a term to select, and more.

And if you are considering building a new facility or expanding, Mechanics provides single-closing Business Mortgage Loans for commercial projects that are appreciated by the property owner and respected by the community’s commercial builders. Call or visit our Business Loan Department to talk about your plans.

Key features:

Business Mortgage Loan:

  • Attractive interest rates
  • Monthly payment of principal and interest
  • Terms available for up to 25 years
  • Reasonable closing costs
  • No prepayment penalty
  • No escrowing of insurance or taxes

Construction Mortgage Loan:

  • Attractive interest rates
  • Interest-only payments during prearranged construction phase
  • Reasonable construction management costs