Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

Business Spotlight: Meridian

2 min read

Ready to talk to an expert?

First Bank client Meridian is an award-winning, kiosk manufacturer and software developer supporting the self-service industry. From concept to completion, Meridian specializes in the design, engineering, fabrication, assembly, integration, staging, deployments and support of self-service kiosks. Meridian designs turn-key solutions and specialized custom solutions for clients globally.

Video Transcript

Chris Gilder: I’m Chris Glder, CEO of Meridian. We’re a self-service solution company. I think there are self-service applications, really, for any industry. So if I can do something myself, get my room key faster, if I do an employment application…it’s all about really enhancing that customer experience.

Chris Gilder: Our tagline, “Concept to Completion, really relates to us doing all the design and manufacturing in-house.

Chris Gilder: When we do a tour at Meridian, we’ll start here in the showroom. You’ll see some standard enclosures, some custom enclosures here.

Chris Gilder: Then, as we go into Engineering, that’s where the guys design the units. When those guys are done, we send the drawings out to the floor which is when you walk into Fabrication. In there, we have lasers, press brakes, turret punch, pen machines, welding, grinding. They kind of make everything come to life.

Chris Gilder: That then goes through into final Quality Control before it goes into Powder Coat. And then from Powder Coat, onto 1 of the 5 assembly lines which is where you see everyone kind of putting it all together. And then from there, it flows into Quality Control, into Shipping and Receiving, and onto the truck and out the door on the way to the customer.

Chris Gilder: I think one of the biggest challenges, when you’re a growing company, is your bank relationship. And that’s certainly something that First Bank delivered for us. They gave us the financing that we were looking for to expand the company, to continue growing the company, and have been great to work with. That enables us, too, to retain 100% ownership of the company. Doing that with a banking relationship, as opposed to a private investor relationship, we’d much rather go that route.

To learn more, read the full story: A Prime Time for Meridian.

Ready to talk to an expert?

Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

What Are 30-Year FHA Mortgage Rates? If you are considering applying for an FHA loan to purchase a home, you may be wondering, “What are 30-year FHA mortgage rates?” If you want to find out what the current average 30-year FHA mortgage rates are, the most accurate way to find out is to visit your local First Bank and ask about our FHA mortgage loans. Determining 30-Year FHA Mortgage Rates Securing a good 30-year FHA mortgage rate depends on a few different factors, including: How much you can put forth as a down payment Whether the loan is fixed or adjustable-rate If the loan is adjustable-rate, your margin Your credit history and current finances What is an FHA Mortgage Loan? The recession experienced in the last decade caused a dip in the housing market. This downward trend of the housing market has led to an increasing popularity of FHA mortgage loans. But before you shop around for what all the current 30-year FHA mortgage rates are, it’s important to know exactly what FHA loans are. An FHA loan is a mortgage that is insured by a government agency called the Federal Housing Administration. By purchasing mortgage insurance, borrowers are often able to secure low interest rates under more flexible qualification requirements. A few key facts about FHA mortgages include: Down payments for an FHA loan can be as low as 3.5%. This is well below the traditional down payment of up to 20%. FHA loans allow for sellers, lenders or builders to contribute to the closing costs on the buyer’s behalf. The lender must be FHA-approved. First Bank is an example of an FHA-approved lender with 30-year FHA mortgage rates. Mortgage insurance is required. This protects the lender from loss as a result of a default and is what opens the door for low down payments and interest rates. Visit Your Local First Bank Today If you want to know what 30-year FHA mortgage rates are, contact your local First Bank representative. Use a loan officer finder to locate a First Bank loan specialist near you and set up a consultation. If there’s no First Bank loan officer near you, simply fill out our online application and a mortgage specialist will contact you to address your needs.* *Loans subject to credit approval. ——— 2 min read