Commercial Lending

The Loan Officers at Seamen’s Bank can give you personal service and quick answers on competitive loans for your business and real estate investments without unnecessary red tape. Seamen’s Bank understands the Lower Cape’s seasonal economy, supports the health and growth of our community, and can make loans other banks may not.  Decisions are made locally by Bankers that know the area and are ready to support your business. Your Loan Officer will help you decide which loan best fits your needs, assist you with the application process, and continue to be at your service even after closing.  Please contact one of our Commercial Loan Officers or e-mail
commercial.lending@seamensbank.com for more information.

Real Estate Mortgages Whether for the business owner or the investor, we offer competitive rates and terms to finance your real estate acquisitions or refinance your existing loans.

Construction Loans Flexible financing options are available for rehab of existing properties, condo conversions, residential construction projects, and commercial developments.

Lines of Credit Revolving financing provided for working capital needs during peak business periods with repayment of the principal expected by the end of each business cycle.

Term Loans Fixed or variable rate financing for terms of up to seven years for business needs such as equipment and other fixed asset acquisitions.

Seasonal Time Notes Fixed rate financing with customized terms that provide liquidity for seasonal cash flow demands or other short-term credit needs.

Small Business Administration (SBA) Loans SBA loans are designed for business owners who may have trouble qualifying for a traditional bank loan. The 7(a) Loan Program may be used to establish a new business or to assist in the acquisition, operation, or expansion of an existing business. The 504 Program provides businesses with long-term, fixed-rate financing to acquire major fixed assets, including real estate.

Capital Access Program SM The Massachusetts Small Business Capital Access Program (CAP) is designed to help small businesses that are not bankable on their own, by guaranteeing the financing provided by the Bank. This program may be used to start or expand businesses, or to provide permanent working capital to ensure continued profitable operations. Typical uses are equipment purchases and start-up costs.