At Mayflower Bank, we have the products, the resources and the expertise to help you realize your goals Ð no matter how large or small your business. And, we make all lending decisions locally, so youÕll have a timely response and fast turnaround.
Mortgages
For business owners to investors, Mayflower Bank provides mortgage financing for almost every situation:
- Purchase, construction and refinancing
- Apartments
- Office
- Retail
- Industrial
- Mixed-use
- Owner-occupied
- Fixed-rate and variable rate
- Real estate secured lines of credit
Construction Financing
Mayflower Bank also provides flexible financing options for land acquisition, builder's construction, residential subdivisions, and commercial development.
Lines of Credit
A Mayflower Bank revolving line of credit can help you with receivables, inventory, or other working capital needs, and also to smooth out seasonal cash flow fluctuations. Fixed and variable rates are available, and you pay interest only on the outstanding balance. A Mayflower Bank line of credit is the perfect answer if:
- Your business is seasonal, but your payroll and expenses are year-round; draw on the line to pay bills during the slow months then pay it off when business picks back up.
- Your primary customers are in slow-paying industries, so you need to bridge the gap between your receivables and payables on a regular basis.
Installment Loans
Installment, or term, loans are typically written for two to seven years, and can have fixed or variable interest rates. We will match the repayment schedule to your specific need, thereby creating the best financing package for your business. Consider an installment loan for:
- commercial vehicle financing
- equipment financing
- Improvements to property, plant, or equipment that you would rather pay off over time to preserve your working capital.
To apply, stop into a local branch or call (508) 947-4343 and speak to one of our commercial lenders.
Time Notes
Our single payment time notes provide for your seasonal and short-term capital needs. Consider a 30-, 60- or 90-day Mayflower Bank time note when:
- You need to bridge the gap between a large receivable and payables that are currently due.
- You have an immediate need for capital for a short-term project, and expect to be able to pay off the note upon completion of the project.
To apply, stop into a local branch or call (508) 947-4343 and speak to a commercial lender.
SBA Lending
As an approved SBA Lender, Mayflower Bank can help you obtain a Small Business Administration (SBA) loan to get started, or to help your business grow.
How can we help?
For more information please complete our information request form, stop by one of our offices, or call (508) 947-4343.
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