Business Loan Products

Commercial Term Loans

Whether you are financing an equipment purchase, leasehold improvements or expanding your business, Monson Savings Bank has the cash to assist your business. Monson Savings offers a variety of competitively priced fixed and variable rate loans with flexible repayment plans that can be customized to meet your financial goals and needs.

Commercial Mortgages

Considering the purchase, expansion or construction of a new building? Does your existing building require renovations or remodeling? Monson Savings can provide the financial resources you need for your owner-occupied, industrial, or investment real estate property.

Construction Loans

Monson Savings Bank offers builders and developers superior customer service and competitive rates in:

• Land acquisition and development loans
• Construction Loans
• Construction revolving credit lines

Whether your borrowing needs are for purchasing, renovations, or refinancing a pre-sold, speculative, or new facility, or for developments and subdivisions, our financial professionals will help you choose the options to meet the needs of your construction project.

Government Guaranteed Lending

To assist customers with collateral shortfalls, Monson Savings Bank offers loan financing assistance in cooperation with the U.S. Small Business Administration (SBA). The programs include the SBA Low Document program (loans less than $150,000), Express Loans (loans less than $50,000), the SBA 7A program, and the SBA 504 program. Please contact a lending officer for more information on the SBA programs.

Lines of Credit

Whether it's to purchase new equipment or to fund cash flow needs, credit is an important tool in building the success of your business. By linking your line of credit to your Monson Savings Bank checking account, you can minimize your monthly interest costs.

Letters of Credit

If you conduct business or simply need to support your obligation to a credit agreement, a letter of credit from Monson Savings Bank ensures that your obligation is met.