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.
