COMMERCIAL LOANS

Institution for Savings is a strong and established bank, deeply rooted in our communities and committed to the growth and success of local businesses.

One of the things that sets us apart from other banks is that all of our credit decisions are made quickly and locally, by people who know our communities and our markets. For nearly two centuries, we've been serving the loan needs of businesses and individuals along the seacoast. We're stable and secure, with a long established reputation for excellence.

At Institution for Savings, we offer a wide variety of lending options for businesses of all sizes:

• Commercial Term Loans

  For equipment and vehicle purchases, leasehold improvements and business-expansion financing. Repayment terms are typically tied to the depreciable life of the assets being financed.

• Commercial Real Estate Loans

  For purchasing and refinancing existing real estate; and for development/construction of commercial and industrial buildings; retail complexes; residential multi-unit and mixed-use buildings; and single-family residential homes, condominiums and subdivisions. Long-term repayment options are available.

• Lines of Credit

  Lines of credit are available to provide cash flow for short-term working capital needs at a variable interest rate.

• SBA (Small Business Administration) Loans

  Institution for Savings, together with the U.S. Small Business Administration (SBA), provides credit enhancements for small businesses through its 7(a) guarantee program. Also available are direct SBA loans through the 504 lending program; these loans are made in connection with conventional bank financing to acquire real estate and certain business equipment.

For more information, call us today at (978) 462-3106 or (978) 356-3600, or email us today.