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COMMERCIAL REAL ESTATE FINANCING
At Gloucester Cooperative Bank, we make it our business to understand the needs of your business. It's this personal touch that makes a difference in your lending relationship. The personal service is supported by our commercial loan officers' many years of experience. They understand the unique demands of owning a business on Cape Ann. Whether your business is big or small, a start-up or well established, our commercial lending specialists can help.
BUSINESS TERM LOANS
Term loans are a great option for the business that needs money for equipment, machinery, fixtures, fittings and a variety of other operational or working capital purposes. Business Term Loans are generally made for periods from one to seven years.
BUSINESS FUNDING LOANS
If your business has seasonal or other short-term financing needs, then a Gloucester Cooperative Business Time Funding Loan may be perfect for you. Business Funding Loans are usually made for a term of 6 months up to one year. We have made arrangements with the following business funders who will provide capital for your small business.
BUSINESS LINES OF CREDIT
A revolving line of credit can be established allowing you access up to a pre-established amount of credit. This type of loan is ideal for supporting your accounts receivable, seasonal inventory needs, or any day-to-day business expenses. They are generally established for a term of one year and reviewed annually.
Please contact us with questions
Call (978) 283-8200e-mail Mark Grenier, Vice President & Commercial Loan Officer
e-mail Michael Luster, Commercial Loan Officer
