Androscoggin Bank Velocity Business Loan
Drive your business forward with a Velocity line of credit or term loan.
Androscoggin Bank prides itself on providing Maine's small business owners with lending products that get business moving–fast! It's a great option that gives you a loan decision quickly AND an affordable rate.
Velocity Business Line of Credit:
This options provides up to $50,000 to use for business-related purposes.
Velocity Business Term Loan:
You can borrow up to $100,000 to help your business grow. Get moving with an equipment purchase or new hire.
Your eligibility to apply for these loans depends on three factors:
- Your credit score.
- The number of years you’ve owned your business.
- Where your business is located.
Fill out the form online and we'll be in touch.