Business Financing

Financing that’s right for you.

Bangor Savings is committed to helping you get the best loan for your business. We have the capacity to lend up to $20 million to Maine businesses and the option to work with other banks to accommodate larger loans. So we can offer you loan options and terms that work for your business. We even offer customized repayment schedules for businesses with seasonal cash flow fluctuations, because we understand what it's like to do business in Maine.

Local decision making.

Loan decisions are made right here in Maine, so we can make them quickly. Local account officers process and approve our loans, and are available to you for any reason related to your loan. Anytime. Together, we'll find the financing solution that works best for your company.

We offer both fixed and floating rate loans priced using standard industry indices. Our solutions include:

  • Working Capital Lines of Credit
    Revolving, non-revolving and asset-based lines of credit to facilitate short term receivable and inventory financing, and general working capital needs. 
  • Term Loans and Revolving Equipment Lines of Credit
    Customized term financing to acquire equipment, fund business acquisitions and meet other long-term needs.
  • Commercial Real Estate Loans
    A variety of flexible mortgage products and pricing options for many types of properties, whether you are developing, purchasing, renovating, or expanding. Interest rate protection is also available. 
  • Guaranteed Loans
    You benefit from our experience working with the Small Business Administration, Finance Authority of Maine, Rural Development, and other agencies with business loan and guarantee programs. 
  • Construction Loans
    Interim and long-term financing for renovating, repairing, expanding, or building. Upon completion, we can automatically convert a loan into a long-term commercial mortgage without additional closing costs. 
  • Business Complete Overdraft Protection Line of Credit
    Attached to your Business Complete Checking account, it provides overdraft protection with coverage up to the limit of your credit line.
  • Letters of Credit
    Letters of credit to provide you with an efficient and cost effective way to secure contractual agreements and obligations with third parties.
  • International Services
    Letters of Credit and other international banking services through our international and domestic correspondent banks. 
  • Tax-Exempt Financing
    Short-term, tax-exempt financing to municipalities, S.A.D.'s, water/sewer districts, and other qualified tax-exempt entities to meet cash flow needs in anticipation of tax revenues and bond financing.

Business Loan Application 

Complete Overdraft Protection Application 

Personal Financial Statement Form 

For more information on these loans, email us at lending@bangor.com or call 1.877.Bangor1 (1.877.226.4671).

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