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 the needs of local businesses throughout Aroostook County.

From year-round enterprises to seasonal operations, our lending team understands the cash-flow cycles, capital needs, and long-term planning considerations that businesses in northern Maine face—including those connected to agriculture, forestry, and other resource-based industries. Whether you’re looking to expand, purchase equipment, or manage working capital, our business loans are designed to help you move forward with confidence.

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 financing to purchase or improve the office, warehouse, facility, or workspace your business requires.
• Customized Terms We offer terms up to 20 years with both fixed and variable interest rate options, allowing you to align financing with your long-term business plan.

Business Term Loans

Invest In Your Business

Our Business Term Loans provide capital to purchase equipment, invest in technology, or acquire assets that support growth and efficiency.

• Flexible Repayment Options We work with you to structure a repayment plan that aligns with your cash flow—particularly important for businesses with seasonal or cyclical revenue patterns.

Business Lines of Credit

Access Working Capital When You Need It

A Business Lines of Credit give you the flexibility to manage short-term cash flow needs, handle unexpected expenses, or or take advantage of timely growth opportunities.

• Revolving Credit Draw funds as needed and pay interest only on what you use. Once repaid, funds are available again.
• Built-In Flexibility Whether for inventory purchases, payroll, operating expenses, or seasonal fluctuations, a line of credit provides the financial flexibility your business needs to thrive.

Small Business Loans

Financing That Fits Smaller Operations

As a local business ourselves, we understand the challenges small businesses face.

• Right-Sized Financing Loan amounts typically range from $10,000 to $250,000.
• Quick and Easy Process Our approval process is designed to move efficiently—because we know timing matters.

Why Choose Aroostook Savings & Loan?

• Local Decision-Making All business loan decisions are made right here in Aroostook County by people who understand the local economy, industries, and seasonal realities.
• Personalized, Relationship-Based Service Our experienced loan officers take time to understand your business and help craft financing solutions that make sense for how you operate.
• Community Commitment As a mutual association, we reinvest locally. Every dollar stays right here, supporting businesses, jobs, and long-term economic stability in our region.

How to Apply for a Business Loan

Ready to take the next step? 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 financing solution for your business.

Let’s Grow Together

Partner with Aroostook Savings & Loan and see how our business loan solutions can support your next phase of growth.

Have questions? Our team is ready to help.

Contact Ghent Holdsworth today to learn more about our business loans and financing options.