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​​​​Flexibility that meets your needs.

Designed to assist you when you are seeking to finance equipment, make leasehold improvements, purchase a new business, or expand your existing one.​


Here are some of the characteristics:

  • Maturities from three to fifteen years

  • Variable interest rates or fixed to a maximum of five years

  • All loans are secured, either in the form of cash or equivalents, real estate, inventory, accounts receivable or other business assets

  • Personal guarantee

To apply for a Term Loan:

  • Simply download your application here, or visit any of our branch locations

  • Provide signed copies of the business’ last three annual tax returns, financial statements and interim statements (if the last statement is more than three months old)

  • Provide a personal financial statement from each owner dated within 90 days

  • Provide your current business plan, along with a listing of the collateral to be pledged for the loan​​

LEGAL USVI

Member FDIC for USVI and Puerto Rico only. All loans are subject to credit approval. Rates depend on collateral, amount, term of loan, and credit risk. For a complete detail of all credit account terms and any additional applicable fee, please refer to disclosures included in documents provided at account opening. FirstBank Virgin Islands is a division of FirstBank Puerto Rico.


LEGAL BVI

All loans are subject to credit approval. Rates depend on collateral, amount, term of loan, and credit risk. For a complete detail of all credit account terms and any additional applicable fee, please refer to disclosures included in documents provided at account opening. FirstBank Virgin Islands is a division of FirstBank Puerto Rico.

LEGAL USVI

Member FDIC for USVI and Puerto Rico only. All loans are subject to credit approval. Rates depend on collateral, amount, term of loan, and credit risk. For a complete detail of all credit account terms and any additional applicable fee, please refer to disclosures included in documents provided at account opening. FirstBank Virgin Islands is a division of FirstBank Puerto Rico.


LEGAL BVI

All loans are subject to credit approval. Rates depend on collateral, amount, term of loan, and credit risk. For a complete detail of all credit account terms and any additional applicable fee, please refer to disclosures included in documents provided at account opening. FirstBank Virgin Islands is a division of FirstBank Puerto Rico.​