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:

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

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