Commercial Lines of Credit

Commercial Lines of Credit

At Aroostook Savings & Loan, we understand that businesses in Northern Maine need financial flexibility to seize opportunities and overcome challenges. Our Commercial Lines of Credit are designed to give you the working capital you need when you need it.

Benefits of a Commercial Line of Credit

• Flexible Access to Funds: Draw only what you need, when you need it, to manage cash flow, purchase inventory, or cover unexpected expenses.
• Pay Interest Only on What You Use: With a revolving line of credit, you only pay interest on the amount you draw, making it a cost-effective way to finance short-term needs.
• Quick and Convenient Access: Access your credit line easily through online banking or by visiting one of our branches.
• Local Decision-Making: Our experienced local lenders make decisions quickly, ensuring you get the support you need without unnecessary delays.

How It Works

A commercial line of credit functions like a revolving credit account, providing your business with the financial flexibility to handle day-to-day expenses or take advantage of growth opportunities. As you repay the amount you borrow, those funds become available again for future use.

Loan Details

• Credit Limits: Tailored to your business needs and based on your financial profile.
• Interest Rates: Competitive and customized based on your business creditworthiness.
• Collateral: Secured and unsecured options available, depending on the amount and purpose of the credit line.
• Terms: Flexible repayment terms that align with your cash flow cycle.

Why Choose Aroostook Savings & Loan?

Our local expertise and commitment to personalized service make us the trusted choice for businesses in our community. We are here to support your success with tailored financial solutions and a deep understanding of the local market.

Ready to Grow Your Business?
Connect with our commercial lending team today and let “Your Home Bank” provide the flexibility and support your business needs to thrive.