Business Banking
Business Loans and Mortgages
It takes money for a business to make money. No matter what stage your company is in, Webster Five has the lending solution you need—from a small business line of credit to a commercial real estate mortgage. Our elite business banking team is authorized and committed to make fast lending decisions. Because, opportunities can’t wait.
It takes money for a business to make money. No matter what stage your company is in, Webster Five has the lending solution you need—from a small business line of credit to a commercial real estate mortgage. Our elite business banking team is authorized and committed to make fast lending decisions. Because, opportunities can’t wait.
- Small Business Line of Credit
A fast and easy revolving line of credit that allows business customers the opportunity to borrow whenever cash flow is needed. No business plans or financials are needed, and customers get a decision in one business day. Links to your Webster Five business account for quick and convenient access to funds through ATM and online banking. Line of credit amounts can range from $5,000 to $25,000.
- Line of Credit
Ideal for established businesses looking for a revolving line of credit to cover working capital needs, such as inventory or accounts receivable financing. Minimum loan is $15,000 with no pre-payment penalty.
- Term Loan
A multiple payment, secured term loan for established businesses to finance equipment purchases/refinancing or other long-term financing needs. Minimum loan is $15,000 with a term of 1-7 years. Automatic payment from a checking or savings account is available.
- Business Real Estate Mortgage
For businesses, investors, or developers looking to purchase, build, or renovate property, or to refinance existing loans. Ideal for industrial, office, retail, or multi-family real estate projects. Minimum loan is $50,000 with terms up to 20 years. Fixed-rate and floating-rate loans are available.
- Residential Construction Loan
A loan designed for developers looking to acquire land and develop single family homes or residential condominiums. Offers interest-only payments for the acquisition of land and the construction of homes. These floating-rate loans typically have terms that do not exceed 24 months.
- Loans Secured with Cash or Marketable Securities
A line of credit or term loan for business purposes, secured by easily liquidated collateral or savings. Loan minimum of $15,000.
- 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. Perfect for small, viable businesses that may not ordinarily obtain financing by using conventional underwriting criteria.
- Letter of Credit
Documentary and irrevocable standby letters of credit are provided to established businesses to back their financial obligations under contracts or agreements. These can be used to facilitate import or export trade transactions. Minimum loan is $10,000.
- Blackstone Valley Community Loan Program
Under this program, loans ranging from $2,000 to $20,000 provide an alternative to using personal debt for business use. Ideal for individuals who need financing that is not generally available to small entrepreneurs. Virtually all types of businesses are eligible for this program, provided they are operating with a profit.
