Commercial Loans

We know that getting a commercial loan can feel overwhelming. Our commercial lending team can help simplify the process and help find you the best financing solution to fit your needs. Whether it's a Term Loan, Line of Credit, Construction Mortgage or Commercial Mortgage, we can guide you through all of your options and help you make the choice that's right for you.

Some of our most popular commercial loan programs are listed below. We consider loans from $10,000 to $20,000,000 with all decisions made locally. Inquire below to set up a private consultation to best address your specific needs.


Term Loan

Our Commercial Term Loans can help you get down to business. We offer a choice of terms and rate options that can help you buy equipment and business vehicles, restructure your company's debt, or provide you with working capital. 

Line of Credit

With a Commercial Line of Credit, you'll have a revolving credit line whenever you need it, for whatever you need. All you have to do to access your money is to give us a call.

Loan Features
  • Available for short-term cash needs
  • Revolving line of credit
  • Renewable annually
  • Interest-only monthly payment 

Letter of Credit

When your business needs to guarantee a payment to a vendor, supplier, or you need a performance guarantee, apply for a letter of credit. Valid for up to one year from date of authorization.

Construction Mortgage

Whether you're renovating, expanding or building a whole new structure from the ground up, a Florence Bank Construction Mortgage can help you complete your project. During construction, you can draw funds as you need them, and pay interest only on the outstanding balance accrued during the construction phase.

Loan Features
  • Available for custom or "spec" building projects
  • Interest-only payments during the construction phase 
  • Option to convert to a permanent mortgage 

Commercial Mortgage

If purchasing or refinancing a commercial property (including residential non-owner occupied investment properties) is in your future, a Florence Bank commercial mortgage would be a smart move. You'll get competitive rates, terms up to 20 years, and loan-to-value ratio up to 80%. In Western Massachusetts, Florence Bank is an expert when it comes to commercial property.

Loan Features
  • Competitive rates
  • Terms up to 20 years
  • Fixed or variable interest rates
  • Loan-to-value ratio up to 80% 
  • Tax exempt bond pricing available

SBA Loans 

Florence Bank was the first bank in Western Massachusetts to receive Small Business Administrations’ (SBA) Preferred Lending Status and Express Status. This helps our business customers because as a result, we are able to offer small businesses quick turnaround in the approval process of most SBA loans. 

Our SBA Low Doc Program offers a streamlined loan application for loans of $150,000 or less. SBA 504 loans provide long-term, fixed-rate financing for small businesses. Please visit for more detailed information on other financing options.

We participate in all SBA programs including 7(A) and 504.

Approved to offer SBA loan products under SBA's Preferred Lender and Express Programs.

Additional Loans

We are committed to small businesses in the Pioneer Valley, which is why we offer a wide variety of loans to help small businesses start up, expand, or simply continue to succeed.

Meet our Team

Our Florence Bank commercial lending team is here to help you now, and in the future. We not only want to build your business, we also want to build a relationship with you that can help your business thrive. With a variety of loans, personal service, experience and smart advice, we can help you choose what makes the best financial sense for you. Whether your business is small and just starting out, or established and growing, our commitment to you is the same. We are here to help. Always.

Lunch anyone? Our lenders are happy to meet with you anytime to discuss your business banking needs. Setup your free private consultation by clicking here.

Click here to meet our team of Commercial Lenders.