Loan and Credit Services
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.
South Shore Bank is pleased to participate in the State Treasurer’s Small Business Banking Partnership, an initiative that invests state reserve funds into Massachusetts community banks with the understanding that they will use the deposits to make new loans to small, credit-worthy businesses.
As of 3/31/16, the Small Business Banking Partnership has enabled South Shore Bank to provide 871 loans totaling $56,201,671.87.
Small Business Administration (SBA) Loans
South Shore Bank participates in several SBA loan programs to assist small- to medium-sized businesses. Because a portion of this type of loan is guaranteed by the government, it can be a creative alternative to traditional commercial financing.
Through MassSave, South Shore Bank provides financing for qualified energy efficiency projects. Scheduled interest payments on the loan will be pre-paid by the local utility or energy efficiency provider in lieu of a portion of the incentive or rebate.