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! We're the first community bank in Maine to offer an online lending tool that gives you a pre-approval in seconds AND an affordable rate.

Velocity Business Line of Credit:

This options provides up to $10,000 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:

  1. Your credit score.
  2. The number of years you’ve owned your business.
  3. Where your business is located.

Click below to complete an easy online form and you'll know in seconds whether you are eligible.

Apply now