Business Loans

Business Loans

Supporting Local Businesses, Strengthening Our Community

At Aroostook Savings & Loan, we understand that strong businesses are the backbone of a thriving community. That’s why we’re committed to offering flexible and competitive business loans tailored to meet the unique needs of local businesses in Aroostook County. Whether you’re looking to expand, purchase new equipment, or improve your cash flow, our business loans are designed to help you achieve your goals.

Our Business Loan Solutions:

Commercial Real Estate Loans

• Grow Your Business Space: Whether you’re purchasing, refinancing, or renovating commercial property, our Commercial Real Estate Loans provide the financing you need with flexible terms and competitive rates.
• Owner-Occupied Real Estate Loans: Secure the financing needed to purchase or renovate the office, warehouse, or commercial space your business requires.
• Customized Terms: We offer terms up to 20 years with both fixed and variable interest rate options, ensuring you find a solution that fits your business plan.

Business Term Loans

• Invest in Your Business: Our Business Term Loans provide the capital you need to purchase equipment, invest in new technology, or acquire assets that drive growth.
• Flexible Repayment Options: We work with you to create a repayment plan that aligns with your cash flow, helping you manage your finances effectively while growing your business.

Business Lines of Credit

• Access Working Capital When You Need It: Our Business Lines of Credit give you the flexibility to manage short-term cash flow needs, cover unexpected expenses, or take advantage of growth opportunities.
• Revolving Credit: Similar to a credit card, you can draw on your line of credit as needed and only pay interest on the funds you use. Once repaid, the credit line is available for future use.
• Peace of Mind: Whether for inventory purchases, payroll, or day-to-day operations, a line of credit provides the financial flexibility your business needs to thrive.

Small Business Loans

• Tailored for Small Business Needs: As a local business ourselves, we understand the challenges small businesses face. Our Small Business Loans offer the right amount of financing, with loan amounts ranging from $10,000 to $250,000.
• Quick and Easy Process: We know that time is money, especially for small businesses. That’s why our loan approval process is streamlined to get you the funds you need quickly.

Why Choose Aroostook Savings & Loan?

• Local Decision-Making: All loan decisions are made right here in Aroostook County by people who understand the local market and the unique needs of our community’s businesses.
• Personalized Service: Our experienced loan officers work closely with you to understand your business goals and craft financing solutions that meet your specific needs.
• Community Commitment: As a mutual association, we reinvest your deposits into the local economy, supporting businesses just like yours and helping our community prosper.

How to Apply for a Business Loan

Ready to take the next step in growing your business? Visit us at our Presque Isle or Caribou branch locations to discuss your needs with one of our business loan experts. We’re here to help you find the right loan solution to fuel your success.

Let’s Grow Together

• Partner with Aroostook Savings & Loan and see how our business loan solutions can help your business reach new heights. Visit us today to get started.
• Have questions? Our team is ready to assist you. Contact us today to learn more about our business loans and financing options.