Commercial Lending

Commercial Loans

Working together, let's take your business to the next level.

Do you need working capital or to purchase equipment? Are you looking to acquire, or expand your business? For Western Massachusetts businesses, these are important topics. They're the reasons companies need affordable financing to grow and prosper.

Whether you're buying real estate, purchasing equipment, or adding personnel, our experienced Commercial Lending team can help you acquire the right funding to get the job done.

Choice of term loans and flexible lines of credit
Competitive rates and streamlined application process
Loans of $10,000 to $20 million available
Private consultations with lenders who have extensive knowledge of your industry
Finance new equipment or vehicles
Purchase real estate or inventory
Restructure debt
Acquire working capital
Cash Management Services
Or any other financial need that you may have

Term Loan

Our Commercial Term Loans can help you get down to business. We offer a choice of terms and rate options that can help you buy equipment and business vehicles, restructure your company's debt, or provide you with working capital.

Line of Credit

With a Commercial Line of Credit, you'll have a revolving credit line whenever you need it, with easy access for streamlined utilization.

Loan Features
• Available for short-term cash needs
• Revolving line of credit
• Renewable annually
• Interest-only monthly payment

Letter of Credit

When your business needs to guarantee a payment to a vendor, supplier, or you need a performance guarantee, apply for a letter of credit. Valid for up to one year from date of authorization.

Construction Mortgage

Renovate an existing structure. Expand your footprint. Build something new from the ground up. A Florence Bank Construction Mortgage can help you get your project done on time and within budget.

• During construction, draw funds as work progresses
• Pay interest only on the outstanding balance accrued during the construction phase
• Available for custom or "spec" building projects
• Option to convert to a permanent mortgage

Commercial Mortgage

If you're looking to purchase - or invest in - commercial properties, Florence Bank offers lending expertise and favorable financing terms.

• Competitive rates
• Terms up to 20 years
• Fixed or variable interest rates
• Loan-to-value ratio up to 80%
• Tax-exempt bond pricing available
• Refinancing options available
• Includes residential, non-owner occupied investment properties

SBA Loans

Let Florence Bank help your small business take the next big step. U.S. Small Business Administration (SBA) loans that come with affordable rates can be used to cover start-up expenses, expansion needs, real estate acquisition, and many other costs.

We participate in all SBA programs, including 7(A) and 504
7(A) loans can be used for short-term or long-term working capital, to purchase an existing business, or purchase furniture, fixtures and supplies
504 loans offer long-term, fixed-rate financing to acquire real estate or fixed assets
As an SBA Preferred Lender, we offer a quick turnaround on the loan approval process

Approved to offer SBA loan products under SBA's Preferred Lender and Express Programs.

Additional Loans

We are committed to small businesses in Western Massachusetts, which is why we offer a wide variety of loans to help small businesses start up, expand, or simply continue to succeed.

Meet Our Team

Our Commercial Lending team is always ready to help you build your business. Beyond that, our goal is to build a long-term relationship so we can contribute to your success for years to come. Whether your business is small and just starting out, or established and growing, our commitment is the same. We are here to help. Always.

We are committed to small businesses in Western Massachusetts, which is why we offer a wide variety of loans to help small businesses start up, expand, or simply continue to succeed.