Commercial Loan Products
Essex Savings Bank has been doing business on the Shoreline for over 170 years in large part because we build long term relationships.
Commercial Real Estate Mortgages
Whether you are purchasing a commercial property, refinancing an existing property, or building or remodeling a commercial structure, we have the right product for you.
Build a new facility, or renovate or add onto an existing building. Take advantage of flexible options with a single closing.
Lines of Credit
Take advantage of our flexible revolving lines of credit. Manage your seasonal cash flow or other working capital needs. We offer competitive variable rates.
We are partnered with the US Small Business Administration for SBA loans backed by the SBA 7a Program.
These loans are a great opportunity for business owners seeking to purchase owner-occupied real estate. A 504 Mortgage provides up to 90% financing, with a 50% conventional first mortgage and up to a 40% second mortgage funded through a SBA debenture. This product reduces the initial investment required by the borrower and stabilizes cash flow with a long term, fixed rate second mortgage. It can also be used to fund long term machinery and equipment acquisitions.