Business Express Line of Credit

The Quick Easy Way to Get Working Capital for your Small Business

A simple and streamlined application process

  • Fast turnaround time on approval (often in just a matter of hours)
  • Competitive interest rate
  • The peace of mind knowing that you have up to $25,000.00 whenever you need it
  • Easy access to the money– simply write a check from your Business Checking or Small Business Checking account, or use your debit card, Internet Banking, or by telephone
  • No Application or origination fee

You are eligible if:

  • You are a small business owner in the Upper Valley or New London Lake Sunapee Region
  • Your business is not a start up
  • The loan is for business purposes
  • You have excellent personal credit and are willing to personally guarantee the loan
  • If you have $250,000 or less in total loans at Mascoma Savings Bank (excluding residential mortgages)

To apply for the Mascoma Savings Bank Express Line of Credit, simply ask a Personal Banker for an application. Return it to a Branch Manager at any of our convenient locations.

 
Loan Amount $5,000-$25,000
Interest Rate Wall Street Journal Prime + 4%, adjusted daily
Maturity 7 Years
Collateral None
Payment Interest payable monthly on outstanding balance
Annual Fee $75
Application Fee None
Minimum Advance $100
Increments $100
Origination Fee $0
If you are not eligible for this product Mascoma Savings Bank offers many other Line of Credit Options. Please contact a Commercial Lender for details.