Business Financing

Financing that’s right for your business.

Bangor Savings Bank is committed to helping you get the right loan for your business. We have the capacity to lend up to $20 million and the ability to work with other banks to accommodate larger loans. We offer the financing you need to be successful, with flexible terms, competitive rates, local decision-making, and innovative ways to expand your business.

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.