Business Term Loans and Lines of Credit

Whether you’re looking to finance short-term operating expenses or a longer-term capital project, Lowell Five’s experienced lenders will find you the right loan.

Our Business Lending Team provides the speed, responsiveness, and personal attention you expect from a trusted banking relationship. We make our loan decisions locally and understand our communities and their business needs. You can feel secure building a relationship with Lowell Five.

Term Loans

For longer-term fixed capital and expansion needs

If you are looking to expand your business, consider a term loan from Lowell Five. Term loans are ideal for capital needs, whether you want to expand your current operations or purchase equipment.

Term business loans generally range from one to seven years, may be secured or unsecured, and come with a fixed or variable rate.

Lines of Credit

Flexibility for your business needs

Consider a Lowell Five Revolving Line of Credit (LOC) for your short term financing needs.  If your business is growing faster than expected or has fluctuating cash flow, consider a Lowell Five Revolving Line of Credit. LOCs are particularly helpful for cyclical businesses that require off-season working capital. They provide more flexibility than business term loans.

With a revolving line of credit, you can borrow up to your established limit and pay interest only on the portion of the money that you borrow. Renewable annually, a revolving line of credit makes sense to balance the highs and lows in cash flow so common to many businesses.

You may also want to consider a business credit card from Lowell Five if you only need smaller amounts of revolving credit.

Contact us today to speak with a Business Lender about the best options for your business. They’ll efficiently advise you through our straightforward process, gathering the materials needed for the quickest decision on your loan application.