Long-Term Loans. Long-Term People.

How long is long-term? Well, to many banks it’s about five years according to how long they extend their loans. However, at Farmers & Merchants Bank, we define “long-term” a bit differently.

To us, long-term means being able to offer 10-20 year fixed rate real estate loans at competitive rates supported by an outstanding long-term team. So, when you’re looking to expand, make a large investment, purchase real estate or refinance debt, a long-term loan through Farmers & Merchants Bank is the way to go.

Farmers & Merchants Bank provides loans of up to $12,000,000 with a 20-year repayment term, which can make it easier to manage monthly, quarterly, semi-annual or annual payments.  To obtain this competitive long term financing, the Bank charges a commitment fee and a pre-payment penalty.

For example, a $500,000 loan with an interest rate of 4.60% or 4.77% annual percentage rate would require quarterly payments of $15,792.12 over 10 years, and a commitment fee of $2,512.56.  A 10 year fixed rate loan protects you from increasing interest rates.  If rates were to increase by 1% to 5.70%, the annual percentage rate would be 5.789% and the quarterly payment for 10 years would increase to $16,552.82 with the same commitment fee.  A rate increases of 1% would increase the total payments on the 10 year loan from $631,684.80 to $662,112.80 or $30,428, which could have been spent for something other an interest.

All loans from Farmers & Merchants Bank come with great low rates and friendly customer service. Plus, free online banking, mobile banking and e-statements.

Stop by or give us a call. We’re here help you reach your financial goals, for now and long-term.

Farmers & Merchants Bank – Smart Bank. Smart You.