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Loans/Credit Lines

At BankGloucester, we fully understand the unique demands of owning a business. After all, we are a small business too! Whether your business is big or small, a start-up or well established, our commercial lending specialists are here to help.

Looking for an SBA Loan?

BankGloucester is a SBA Preferred Lender! This enables us to process SBA loans faster. If you are looking for an SBA loan, BankGloucester is the right choice.

Graphic of Commercial Loan Packet

Download our Commercial Loan Packet

Download our Commercial Loan Packet to get started.

Bring or mail the forms to:
160 Main Street
Gloucester, MA 0193

If you have any questions please call:
Mark Grenier, Senior VP & Chief Lending Officer
978-283-8200 ext 229

Commercial Real Estate Loans

We offer Real Estate Loans to purchase property for owner-occupied as well as non owner-occupied.

Commercial Construction Loans

We are experienced in closing a variety of construction loans for small to large construction projects. Whether new construction or to renovate existing commercial real estate BankGloucester can help

Business Term Loans

Term loans are a great option for the business that needs money for equipment, machinery, fixtures, fittings and a variety of other operational or working capital purposes. Business Term Loans are generally made for periods from one to seven years.

Business Time Loans

If your business has seasonal or other short-term financing needs, then a BankGloucester Business Time Loan may be perfect for you. Business Time Loans are usually made for a term of up to one year.

Business Lines of Credit

A revolving line of credit can be established allowing you access up to a pre-established amount of credit. This type of loan is ideal for supporting your accounts receivable, seasonal inventory needs, or any day-to-day business expenses. They are generally established for a term of one year and reviewed annually

Examples of Some of Our Loans

Graphic of examples of some of our loans:
    Roslindale, MA Spec. Construction Financing $1,070,000 Purchase; 
    Gloucester, MA Investment Property Refinance $348,000 Refinance;
    Revere, MA 2 Condo Spec. Construction $630,000 Purchase;
    Essex, MA Commercial Vehicle $50,000 Purchase;
    Gloucester, MA SBA Commercial Line of Credit $150,000 Working Capital;
    Salem, MA Single Family Construction $400,000 Acqusition;
    Salisbury, MA Commercial Property $320,000 Acqusition;
    Gloucester, MA Retail Business $100,000 Working Capital

Please contact us with questions

Call 978-283-8200