When it comes to business, we think Main Street is where it all starts. You see, we’re local too, so when accessibility is important, we’re right here to support you. From competitive business loans and programs to flexible terms, we’ll work hard to tailor a solution that makes sense. Working with a Main Street Bank team member gives you experience and an in-depth knowledge of the market place.
Additionally, Main Street Bank is a participant in the Massachusetts Banking Partners Small Business Loan Program. The Massachusetts Banking Partners Small Business Loan Program – known as Banking Partners – was developed to foster the creation of jobs by offering loans for expansion, new construction, and/or equipment for small business.
Short- or long-term loans to fit your needs. Finance equipment, major purchases, business expansion or long-term working capital needs. Our commercial lending and credit teams will work with you to find a flexible term that fits into your business strategy and provides a predictable monthly payment with a term that matches the life of the asset being financed.
Lines of Credit
A line of credit loan provides the financing power needed to take advantage of business opportunities, fund short-term working capital needs or to have funds available for emergencies.
Commercial Real Estate Loans
We offer a variety of mortgage loans for acquiring or refinancing commercial property. Commercial Real Estate Loans are ideal to finance the purchase of property to expand your business and come with a variety of options with flexible repayment terms. You can also leverage the real estate equity built over time to help grow your business.
Commercial construction loan programs are available so you can build or renovate that office, garage, storage, or manufacturing space you need. Builder construction loans are also available for residential housing construction.
A quick, easy way to buy a vehicle for your business is to apply for vehicle financing. Rather than paying one lump-sum up front, a commercial vehicle loan allows you to pay for the vehicle in monthly installments. This is an ideal structure for budgeting fixed monthly costs.
SBA guaranteed loans are available to provide flexible financing options for our small business customers. Lines of credit and term loans are available. SBA loans are available exclusively for qualifying small businesses. Our lenders will be able to assess your needs to determine if an SBA loan is a good fit.
An SBA 7(a) loan is ideal for small businesses that need to access working capital, purchase equipment, furniture and fixtures, make leasehold improvements, or acquire an existing business.
An SBA 504 loan is best used if you need to finance the purchase of a building, make improvements to existing facilities, purchase large equipment, or to construct a new building for your business. This program features a lower down payment percentage and a fixed rate loan for a portion of the borrowed funds.
Contact a local and knowledgeable Commercial Lending Officer who is ready to help bring your business to the next level.
COVID-19 Business Solutions
Businesses looking for information on the CARES Act and Paycheck Protection Program, please visit our COVID-19 resources for businesses.