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At Skowhegan Savings, we approach commercial lending by focusing
on the needs of our customers and tailoring lending
solutions to meet them. Our decisions are made locally
by experienced bankers who know our communities and share
a desire to make them a better place to live and work.
Commercial Real Estate Mortgages
For the purchase, renovation, expansion, development, or simply the refinance of commercial use properties, we will work with you to
provide properly structured financing at a competitive rate of interest.
Commercial Lines of Credit
For operating expenses, inventory purchases, or accounts receivable, a line of
credit is a versatile business tool giving you instant
access to funds when you need it. We’ll work with you
to tailor a line of credit that fits your needs at a competitive
interest rate.
Commercial
Term Loans
You can obtain the additional funds you need to carry out all your business
plans:
- Purchase
and/or repair of heavy equipment, machinery, office equipment,
computers, furnishings, etc;
- Purchase
and/or repair of tractor trailer trucks, delivery trucks/vans,
work trucks,
flat bed and box trailers,
buses, etc.;
- Purchase an existing business or
start a new business.
We’ll
work with you to provide financing that matches the purpose
of your borrowing, at a
competitive rate
of interest.
Commercial Construction Loans
When you’re ready to build a new facility, put on a major addition, or make renovations,
we’ll work with you to provide financing that will allow
you to complete your project.
Commercial
Time Notes
Obtain the funds you need to support normal operations, such as:
- Pay
short term operating expenses
- Purchase material and pay overhead costs associated
with a new contract
- Purchase seasonal inventory
- Pay annual taxes, insurance premiums, or other expenses.
We’ll work with you to structure a 1-month to 24-month loan with repayment terms
structured to match your source of funds.
Skowhegan Savings, on an as-needed basis, works in partnership with the Finance
Authority of Maine (FAME), local Economic Development Agencies,
Rural Development and the U.S. Small Business Administration
(SBA) to meet the financing needs of our borrowing customers.
For more information on our Business Loan programs, please send us an email and one of our Commercial Loan Officers will contact you at a time and place convenient for you.
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