Lending Center

Whether you need short-term financing to assist with seasonal cash flow needs, or longer-term financing to purchase or refinance fixed assets, Bay State Savings Bank can help. These loans are approved for specific amounts and terms, based upon the purpose of the loan, and repaid in regular installments.

Bay State Savings Bank offers a choice of flexible financing options to meet the needs of growing businesses. These lines of credit feature a variable of interest applied to your monthly outstanding balance, so that you only pay interest on the amount of credit you actually use.

From small additions to large scale developments, we have the experience and flexibility you need to help finance your projects.

Whether the property is owner occupied or investor owned, we can work with you to create a financing structure which suits your business needs.

Bay State Savings Bank is a Preferred SBA Lender consistently ranked among the top providers of SBA loans in the Commonwealth of Massachusetts. Assistance from the SBA can help you get the financing you need on the terms you can handle. Visit their website for more information about the SBA Partnership.

Bay State Savings Bank is participating in the Small Business Banking Partnership, a new initiative that will shift at least $100 million in state deposits under the control of the Treasurer to qualifying Massachusetts banks to promote small business loans. The Partnership aims to move money into smaller, regional, community and local banks that have been at the forefront of providing capital to creditworthy small businesses to help them expand and create new jobs.

Primary objectives:

• Promote small business growth by providing creditworthy enterprises with greater access to bank loans.
• Provide capital support through cash deposits to banks with a strong record of small business lending.
• Obtain competitive interest rates on the Commonwealth’s deposits.
• Require that all funds are insured or collateralized to ensure that there is no risk to the taxpayers’ money.

Learn more about the Small Business Banking Partnership by visiting their website.

Whether you need equipment to start your own business or expand your existing one, we’ll make sure you get the best deal around on financing.

When you develop a relationship with Bay State Savings Bank, we know you may need our services too. That’s why we offer Letters of Credit – on behalf of the Bank for guaranteed payment to a third party.