Webster Five offers a variety
of business loans and credit products that are
supported by an experienced, locally based business
banking team.
Line of Credit
A revolving loan to help cover working
capital needs such as inventory or accounts receivable
financing.
Potential Customers: Ideal
for established businesses looking for a revolving line
of credit.
Key Benefits: Offers short-term financing
options for working capital purposes. Minimum loan of
$15,000 with no pre-payment penalty.
Small Business Line of Credit
A revolving Line of Credit that allows business customers the opportunity to borrow, repay, and borrow again throughout the life of the loan.
Potential Customers: Prospective and existing business customers that would like the flexibility to cover cash flow needs, finance receivables and purchase inventory in an easy and flexible way.
Key Benefits: Cover cash flow needs, finance receivables, purchase inventory or use as overdraft protection. Maximum credit line is $25,000.
Term Loan
A multiple payment, secured term loan to finance equipment
purchases or other long term financing needs.
Potential Customers: Ideal
for any established business looking for long term financing.
Key Benefits: Offers long-term financing
for the purchase or refinancing of equipment. Available
minimum of $15,000 with a term of 1-7 years. Automatic
payment from checking or savings account available.
Commercial
Real Estate Mortgage
A commercial mortgage for the purchase, construction
or renovation of industrial, office, retail or multi-family
real estate projects.
Potential Customers: Ideal
for businesses, investors or developers looking for loans
to purchase, renovate, or refinance existing loans.
Key Benefits: Offers long-term financing options for owner-occupied
or investment real estate. Minimum $50,000 loan with
terms up to 20 years. Fixed rate and floating rate loans
available.
Residential
Construction Loan
A construction loan for
the acquisition of land and development of single-family
homes or condominium projects.
PotentialCustomers: Ideal for businesses and/or
developers looking for construction financing for various
types of residential projects.
KeyBenefits: Offers
interest-only construction loans for the acquisition
of land and construction of residential projects. These
floating rate loans typically have terms that do not
exceed 24 months.
Liquid Asset
Line of credit or term loan for business
or personal purposes secured by easily liquidated, monetary
collateral.
Potential Customers: Ideal
for any individual who has either a personal or business
borrowing need.
Key Benefits: Offers short-term or
long-term financing options for any legitimate purpose.
Loan minimum of $15,000 for either a line of credit
or a term loan.
Small
Business Administration (SBA) Guaranteed Loan
An alternative to traditional financing, these working
capital, term or owner-occupied real estate loans are
enhanced with an SBA Guarantee.
Potential Customers:
Ideal for small viable businesses that may not ordinarily
obtain financing using conventional underwriting criteria.
Key Benefits: By utilizing various
SBA loan programs, small businesses may qualify for
working capital, term or real estate loans.
Letter
of Credit
Documentary and irrevocable
standby letters of credit to support customers' financial
obligations.
Potential
Customers: Ideal for established businesses to
support their financial obligations under contracts or
agreements.
Key Benefits: Available in a standby
or documentary letter of credit. Can be used to facilitate
import or export trade transactions. Minimum of $10,000
available.
Blackstone
Valley Community Loan Program
The Greater Blackstone Valley Community
Loan Program was developed for those times when just a
small loan can make the difference. Under this program,
loans range from $2,000 to $20,000, providing an alternative
to personal debt for business use. The program provides
financing that is not generally available to small entrepreneurs.
Potential Customers: Ideal
for individuals who need financing that is not generally
available to small entrepreneurs.
Key Benefits: Provides an alternative
to personal debt for business use. Virtually all types
of businesses are eligible for a loan provided they
are operating with a profit.
