Business Financing

Commercial loans and lines of credit

Androscoggin Bank is a Maine community bank which was established over 135 years ago. Responsive, local decision making and an innovative approach has enabled us to assist many local businesses in achieving their goals. Androscoggin Bank has the capacity to lend up to $10.0 million to a specific business. In 2006, Androscoggin Bank provided over $100 million in capital to local businesses.

Our loan decisions are made on a daily basis at our headquarters in Lewiston. Every loan officer is intimately involved in the loan approval process for their clients.

Click one of the links below to learn more about Androscoggin Bank’s Commercial Financing Solutions and Business Banking Solutions.

Commercial Financing Solutions:

Commercial Real Estate Mortgage
Term Loans
Lines of Credit
Equipment Revolvers
Construction Loans
Public/Tax_Exempt Financing
Business Credit Cards

Business Banking Solutions:

Checking
Savings & Investment
Cash Management

Commercial Real Estate Mortgages ( Top)

For purchasing, expanding or rehabilitating professional, industrial or commercial properties and residential developments
Fixed or variable rates based on current industry indices
Interest only payment options granted with proper justification
Loan term is based on assets being financed
Loans backed with an Agency guarantee from SBA, FAME, RD, MRDA
Loans approved with subordinate debt lenders AVCOG, LAEGC, CEI

Term Loans ( Top)

Fixed or variable rates based on current industry indices
Interest only payment options granted with proper justification
Loan term is based on assets being financed
Loans backed with an Agency guarantee from SBA, FAME, RD, MRDA
Loans approved with subordinate debt lenders AVCOG, LAEGC, CEI

Lines of Credit ( Top)

Working capital loans to manage the cash flow needs of your business including financing accounts receivable and inventory or managing seasonal needs
Asset based lines of credit are available
Rate and terms of the line will be customized to meet your business needs
Monthly interest only payments with the ability to make principal reductions when your cash flow allows

Equipment Revolvers ( Top)

Financing tool used to access capital for ongoing replacement of equipment and/or vehicles.
Allows you to move quickly in making equipment purchases
Line is secured with assets financed
Allows business to re-advance funds that have been repaid without a new loan application

Construction Loans ( Top)

Interest only payments based on amount outstanding
Loan may be converted into a conventional commercial real estate mortgage once construction is complete
Rate and term of the loan will be customized to meet your business needs

Public/Tax–Exempt Financing ( Top)

Tax exempt financing provided to municipalities, SAD’s or other qualified entities
Repaid from tax revenues or bond financing
Contact our Tax Exempt lender Paul Soucie

Business Credit Cards ( Top)

Allows you to efficiently manage your businesses travel, entertainment or purchasing expenses
Permits business to issue cards specific to individual employees
Statement will show monthly activity for each specific employee card

Contact a Commercial Lender