May-12 |
20-year Term: 4.46% |
20-year Term RFI: 4.67% 10-year Term RFI:3.99% |
Traverse Legal, PLC is a successful law firm based in Traverse City and doing business all over the country. After leasing their office space for several years, they decided to take advantage of the opportunity to purchase their building. With the help of Traverse City State Bank and the Economic Development Foundation, they were able to secure financing with an SBA 504 loan. Their 504 loan has provided them with a long-term, fixed interest rate and will continue to provide ongoing stability for their business in the years to come.