Primarily for working capital needs or temporary/seasonal cash flow for operating expenses; typically secured by a first security interest in all business assets; generally one-year term.
Commercial Loan Products
Lines of Credit
To finance long-term working capital needs or the purchase of capital assets such as equipment or business vehicles and vessels; secured by a first security interest in the assets being purchased and/or a first lien on all business assets; generally up to a ten-year term.
Real Estate Loans
Typical loans: To purchase or refinance existing commercial use or multi-family buildings; construction loans for commercial, multi-family or other non-residential purposes; land development loans secured by raw land; construction and development loans granted up to 24 months and permanent financing granted up to twenty years; all real estate loans secured by first mortgage.
SBA Loans 7(a) and 504 Loan Programs
Real estate and working capital purpose loans provided by the Bank, with a guarantee from or participation with the US Small Business Administration, to assist small businesses in obtaining financing that might otherwise not be available to them.
Overdraft Line of Credit
Established to cover inadvertent overdrafts that might occur in the checking account; for your convenience, payments are automatically deducted from the related deposit account.
New Hampshire Business Finance Authority Loan Programs
Loans provided by the Bank under one of the loan enhancement programs offered by the New Hampshire Business Finance Authority, to provide financing alternatives for small New Hampshire companies considered to have more than conventional risk, such as emerging or thinly capitalized companies.