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January 10, 2012
Midtown Bank Newsletter

Greetings!

 

As we begin the New Year, SBA (Small Business Administration) lending remains an attractive financing option for many small and mid-sized business owners.  With up to 90% loan-to-cost financing available under SBA 504 loans, owners of small and mid-sized businesses can preserve capital, maximize cash flow which will help to afford purchasing their real estate instead of leasing and also restructure their debt at very competitive rates.

 

 The SBA loan program has undergone many changes over the last several years.  These changes have increased the maximum size of loans from $2 million to $5 million and expanded eligibility. This allows more businesses to qualify to restructure eligible debt and finance other business expenses that were previously not eligible.  This temporary refinance program makes the 504 loan available to refinance existing loans for up to 90% loan to current real estate value.  This newly expanded program will only be in effect until September 2012.

   

Contact of our SBA Team for more information.

Small Bank with Small Town Service
  

Front DoorMidtown Bank opened for business on October 30, 2003. We are a state-chartered bank and a member of the FDIC. Midtown Bank is a full service retail and commercial bank. We are dedicated to providing superior customer service to individuals and businesses in the Metropolitan Atlanta area. At Midtown Bank, you are more than a number, you are a friend, a smile, and a person.

 

The Personal Bank provides a full array of consumer products from deposit accounts, and equity lines of credit to home mortgages. Whether you live or work in Midtown you'll find our interest bearing deposit accounts pay some of the most competitive rates in the Atlanta market. As one of the few community banks in Midtown Atlanta, we are positioned to deliver superior service and offer you a compelling value proposition. We invite you to visit and tour our headquarters, talk with our President, meet our senior management team and learn more about our client-centric culture.

 

Our Business Bank recognizes the strength and potential of our local small business community. We also know the value of the vision and determination that business owners possess. To the small business, relationships are the sustaining capital that fuels their growth. We know that companies can't run on heart and dreams alone. We take an active interest in you and your business, specializing in small business finance and deposit solutions.

 

 

Invest in Your Retirement

 

Did you know that Midtown Bank offers both Roth and Traditional IRA Accounts? Our retirement accounts feature rates higher than those of a traditional Certificate of Deposit, offered in terms of 1-5 years. Our staff has over 50 years of combined experience to make sure you make the most for your retirement.
 
What set's our IRA options apart from other banks? We allow customers 59 1/2 years and older to upgrade their rate once a calendar year, plus they can transfer, rollover, or withdraw from their IRA accounts without penalty.
 
We have many options to transfer your Roth, Traditional, or 401k retirement accounts. Call today to see if you qualify.  
FDIC Equal Housing
Issue: 12
Midtown Bank - Your Life. Your Style. Your Bank

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Stan 2011
Midtown Bank is still lending! If you have any lending needs we are the place to visit. We offer consumer loans, commercial loans, mortgage lending, and our own SBA division.

 

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Midtown Bank

404-969-4400

www.midtownbank.com

 

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