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Business Loans

Local Loan Decisions made by People Who Understand!

Aroostook Savings & Loan understands the unique financial needs of running a business. We also understand that local businesses bring character to the communities we serve and are an important part of growing Aroostook's economy. As a local community bank, we are committed to serving the diverse needs of all types of businesses, whether you're running a home-based business or a large company with multiple locations.

Our experienced business loan officers are available to help you select the products and services that are best suited for your unique financial needs and keep you focused on what matters most – growing your business and our community. You will benefit from fast, local decision making, direct access to senior management and excellent personalized service. Come visit us at Presque Isle or Caribou or contact us today! 

View Our Various Loan Options

Commercial Real Estate Loans - These loans are designed to help you buy, build, or renovate a building where your business resides or would like to reside. These loans can have payment terms from 5 years to 20 years. We offer both competitive variable and fixed interest rates.

Commercial Installment Loans - These loans are designed to help you buy equipment or provide permanent working capital for the business. These loans can have payment terms from 6 months to 5 years. Depending on the type of business you have, we can tailor the loan payment schedule to fit your specific cashflow.

Commercial Lines of Credit - These loans are designed to address short-term gaps in your cashflow. For example, you might purchase a number of inputs early in the year to make a product. However, you might not be paid for the product until later in the year. Having a line of credit loan allows you to borrow against the product and your accounts receivable and when you are paid for the product, you can pay the line of credit down to zero.