Robin Kennedy, Robin's Confections, Biddeford

Lines of Credit

Do you need cash to help you achieve your business goals?

Meet your short term goals by making cash available when you need it! A Line of Credit provides your business with a source of ready cash for short-term needs; with a revolving line of credit you can manage cash flow, finance receivables, make seasonal purchases and also take advantage of trade discounts. You pay only for the credit you use!

  • Finance your short-term cash flow needs conveniently and efficiently
    • Competitive terms available
    • Manage cash flow while waiting for insurance reimbursements
    • Convenient access to funds by calling the bank or using Business Online Banking
  • Floating interest rate
  • Secured by all business assets

Daniel Cote standing in front of a crane

Equipment Loans and Lines of Credit

Is it time to update your equipment, or leverage your investments?

The right equipment can mean the difference between being a leader in your market and being left behind. We’ll help you finance the equipment you need to streamline your operations, keep up with technology and stay competitive.

Available for purchase or refinance of machinery, equipment or other capital assets.

    • Competitive and flexible; secured by machinery and equipment
    • Competitive terms available
    • Terms can match your depreciation schedule
    • Alternative to expensive leases

Business Real Estate Loans

Looking for a Business Loan?

We know every business has different financial needs. Our Business Lending team has over 200 years of experience making business loans in the community. Our decisions are made locally so whether you’re refinancing, expanding, relocating or buying a commercial building, Biddeford Savings can customize a wide range of business loans to fit your situation.

Available for purchase or refinance of commercial, industrial and/or investment property.

  • Purchase, Improve or Refinance commercial real estate
    • Competitive and flexible; secured by real estate
    • Competitive terms available
    • Construction and leasehold improvement financing options available

Penmor Lithographers, Lewiston

Term Loans

What does your business need to grow?

Let us help you meet the demands of your growing business with the right financing to meet your specific needs.

Available for purchase or refinance of machinery, equipment or capital assets, permanent working capital, business acquisition and debt consolidation.

SBA Loans

We work with businesses of all sizes. When your business needs financing for a longer term than available with a conventional commercial loan program, or the flexibility to invest a smaller down payment to purchase owner-occupied commercial real estate, Small Business Administration (SBA) Loan programs may be what you’re looking for. SBA loans offer flexible terms and competitive rates.

Available for business expansion, business acquisition, commercial real estate purchase, machinery and equipment purchase, working capital and debt refinance.

  • Guaranteed by Federal Government
  • Loan proceeds can be used for working capital and fixed asset purchases
  • Quick approval with the SBA Express Program

Commercial Lending

For your commercial lending needs.

Commercial Lending Team

Small Business Lending

For your small business banking and lending needs.

Small Business Lending Team

Cash Management

Our Cash Management Team is in your corner.

Cash Management Team

Accounts are Subject to Approval.