Business Lending Options*
At South Shore Bank, we have the loan options for all your commercial lending needs — and a team of local, knowledgeable commercial lending experts to guide you every step of the way. Our competitive rates, fast decision-making and flexible terms are designed to meet a wide range of commercial lending needs. These include Business Lines of Credit, Term Loans, Standby Letters of Credit, Equipment Loans, Commercial Real Estate Loans and Construction Loans.
|Client Need||Key Features|
|Lines of Credit||Short-term working capital. Seasonal or temporary cash flow funding.||Pay down and re-borrow funds as needed. Interest-only payments for budgeting flexibility.|
|Term Loans||Financing for specific purchases, including equipment and vehicles. Debt consolidation or refinance.||Qualified applicants can finance up to 100% of new equipment costs. Low fixed or floating rates.|
|Commercial Real Estate Loans||Purchase or renovate commercial real estate. Refinance debt to reduce monthly payments.||Financing for business owner-occupied and investment commercial real estate. Various term, interest rate, and amortization options.|
|Construction Loans||Customized financing for various residential and commercial projects.||Dedicated lender who is with you every step of the way, from loan approval through timely advances throughout the life of the loan.|
|Small Business Administration (SBA) Loans||Financing for working capital, equipment, business acquisition or expansion, or real estate. Lower down payment.||More flexible underwriting and terms. Lending options for lines of credit, term loans, and owner occupied commercial real estate loans.|
*All extensions of credit are subject to approval.