Commercial and Small Business Lending

Stoneham Savings Bank's Commercial Lending team is ready to assist you with your commercial and small business financing needs, including: Commercial Mortgages, Construction Loans, Lines of Credit, Term Loans, Transactional Loans or SBA Loans.

Commercial Real Estate Mortgages fund the purchase or refinance of various types of commercial properties. Commercial mortgage types include owner-occupied and investment properties. With competitive rates and flexible terms, Stoneham Savings Bank's Commercial Mortgages are an attractive funding option.

Construction Loans fund a variety of building projects including residential, commercial, owner-occupied and investment properties. You can count on our experienced and knowledgeable staff to assist with all of your Construction Loan needs.

Equipment Revolving Lines of Credit allow instant access to capital necessary to purchase fixed assets. These lines are particularly useful when it is difficult to project upcoming capital expenditures.

Revolving Lines of Credit help you to manage your company's cash flow. Revolving lines provide either short-term or seasonal working capital or longer – depending on the nature of your business. Lines of credit are often customized in conjunction with other loan products, including: term loans, equipment revolving lines of credit and commercial mortgages.

Term Loans are available to fund fixed asset purchases such as equipment, rolling stock/vehicle with repayment terms of generally up to five years. Other purposes include the financing of permanent working capital, business expansion or acquisitions.

Transactional Loans are short-term in nature, i.e., 30, 60 or 90 days. These loans are repaid from the proceeds of a specific asset or payment under an individual contract.

SBA 7A & 504 Program Loans are government sponsored loans available to finance small businesses, commercial properties, owner-occupied buildings, equipment, business lines, mergers and acquisitions. Terms vary depending upon the use of the funds.

Stoneham Savings Bank's Commercial Banking Center is located at 335 Main Street, 2nd Floor, Stoneham, 781-279-8986 extension 254.