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We understand the importance of local business growth in our community, and want to see your small business continue to grow and thrive. That’s why we offer a variety of small business lending solutions to help you get the financing you need to make your business plans a reality. We provide quick underwriting decisions, have flexible guidelines and were recently named Top SBA Lender to New Businesses1.

Small Business Line of Credit

A convenient and flexible option that allows you to borrow on an as-needed basis to meet your short-term working capital needs and grow your business.

The finer points:

  • Loan amounts up to $500,000
  • Access to funds quickly, as you need them
  • Ability to reuse funds as you repay
  • Only pay interest on the amount borrowed

Small Business Term Loan

This loan is the perfect solution to help you purchase inventory or equipment, make capital improvements, or refinance debt. Your funds are received all at once in one lump sum and paid back over an agreed upon repayment schedule.

The finer points:

  • Loan amounts up to $500,000
  • Predictable monthly payments
  • Flexible terms
  • Interest paid may be tax deductible2

Business Overdraft Protection

This is the ideal way to add a layer of protection to your business checking account. A line of credit is linked to your business checking and will automatically transfer funds if your account balance falls below $0, so you never have to worry about bouncing a check or not having access to funds when you need it.

The finer points:

  • Line amounts up to $10,000
  • Flexible repayment terms
  • Access to funds when you need them
  • Lower interest rate than most credit cards

Small Business Administration (SBA) Loans3

As a preferred SBA lender, we’re able to further help businesses in our community to grow and expand by offering government-guaranteed SBA loans. These loans help businesses that may not qualify for conventional loans get the funding they need to start or grow a business.

The finer points:

  • Fixed or variable rate options
  • Flexible repayment terms available
  • Save money with $0 SBA fees on loans up to $125,000
  • Get quick access to the funds you need

To learn more, or to find out if you qualify for an SBA loan, visit a branch and speak with a Small Business Development Officer.

All Small Business Lending products are subject to credit approval.

1 SBA Massachusetts District Office FY – 2017

2 Consult a tax adviser for information on tax deductibility of interest.

3 Government-guaranteed loans are offered through the Small Business Administration (SBA). To qualify, small businesses must meet certain criteria outlined by the Small Business Association (SBA), including size requirements, financial standing and being in a for-profit industry. Talk with a Small Business Banker for additional details and requirements. Other restrictions may apply.

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