Skip to main content
Important Information About the Federal Government Shutdown: At Elements, we understand that the shutdown may cause financial stress for members working for the federal government. If you or your family are affected, our team is here to support you. Contact us directly to discuss your situation and explore payment assistance options.
  1. Commercial Home
  2. Loans

Loans

The boost to help your business grow.

Commercial Term Loan

OVERVIEW

  • Use for inventory financing, equipment purchases or property improvements
  • Flexible rate and terms to fit your needs
  • Fixed payment each month
  • No prepayment penalties

A GOOD OPTION IF:

  • You’re trying to grow or expand your business
  • You prefer a predictable monthly payment for budgeting
  • Trade-off: Repayment schedule, interest rate, and term cannot be changed

Read More

Contact the Commercial Team

Or Call 1-317-276-2105

Business Line of Credit

OVERVIEW

  • Bridge the gaps between accounts receivable and accounts payable
  • Easy access to funds when you need them
  • Pay interest only on funds drawn
  • No collateral needed and no penalty for prepayment

A GOOD OPTION IF:

  • You need help meeting short-term cash flow needs
  • You want a revolving credit line that allows funds to be borrowed, repaid and borrowed again
  • Trade-off: Interest rate is generally higher than a loan secured with collateral

Read More

Contact the Commercial Team

Or Call 1-317-276-2105