Commercial Financing

A line of credit provides a solution for your business’s seasonal or short-term cash flow requirements, enabling you to react promptly to new business opportunities.

• This short-term borrowing option works like a credit card, letting you withdraw funds as needed and pay them back over time.
• Enjoy various repayment options tailored to your business cycle, including interest-only payments and staggered pay downs.
• Access funds directly in your MSB checking account with advances made from your line of credit.

A letter of credit is a note from us to a third party promising payment if required. You’ll have the funds you need, plus confident partners.

• No interest paid if not used
• Can be used for bonding purposes
• Costs less than some insurance bonds
• Usually irrevocable for the term

Buy, remodel or refinance a property for business use with funding from a Machias commercial mortgage.

• Multiple loan terms
• Competitive interest rates
• Financing for office, retail, or other industrial space
• Automatic payments available

Find the financing you need to purchase, develop, renovate, or build commercial property with a Machias Savings Construction Loan.

• Competitive Interest Rates
• Interest-only payments are monthly based on the outstanding balance
• Contractor receives advances directly
• After construction is complete, easily convert to permanent financing

Buying a new or used boat can help you expand your business. We’ve got the financing to make it happen.

• We offer competitive rates and terms
• Your boat’s equity can be used as a future commercial line of credit to cover expenses
• Your existing boat may qualify as a down payment if purchasing or building a new boat
• To help accommodate your slow season, you have the option to make annual or staggered payments

Often, the equipment you need to run your business is expensive but critical to your entire operation. Our loans help you secure it.

• We offer competitive rates and terms
• Payments can be staggered or annual
• There are no prepayment penalties

Whether you’re planting the first seed of the season or harvesting your crops, doing your job is easier if you have the right tools.

• Can serve as a line of credit or term loan for planting and harvesting
• Variety of terms and competitive interest rates
• Flexible payment options to accommodate seasonality of the business