Business Loans in VT and NH
Think long-term and think success.
Running a successful business over a number of years involves a lot of significant financial decisions. Our suite of Credit Services, including business loans in VT and NH, are available every step along the way.
Commercial Real Estate Loans
You need a dependable partner to grow your business, so Passumpsic Bank provides commercial loans for the construction, expansion, acquisition or refinance of most types of commercial property, including office, retail, residential, industrial or mixed-use properties. We offer fixed, adjustable or variable rates with repayment schedules tailored to meet your needs.
Commercial Equipment
Passumpsic Bank provides business lending for the acquisition and refinancing of commercial equipment. By offering fixed, adjustable or variable rates with repayment schedules, we can tailor a plan to meet your specific needs.
Working Capital
Predictable seasonal needs, one-time events or business growth can all lead to working capital needs. Passumpsic Bank can help you secure a working capital loan to help your business grow. Choose from these options:
- Lines of Credit: Enables a business to draw upon a pre-authorized amount of credit in order to meet seasonal cash flow needs.
- Short-Term Loans: Designed to help borrowers meet short-term or seasonal obligations that can’t be financed out of normal cash flow.
- Long-Term Needs: Passumpsic Bank can customize a package to finance increased levels of accounts receivable on inventory.
Managing cash flow effectively starts with the right financial tools. Pair you working capital loan with a business checking account to keep your finances running smoothly.
Business Acquisition
We can structure a combination of long and short-term financing to assist you in the acquisition of existing businesses.
Small Business Administration (SBA) Loans
SBA and other Federal and State agencies offer small business loan programs so they can assist us in extending credit for new and existing businesses. As a preferred SBA lender and the Vermont Rural/Community Lender of the year, we can use our extensive expertise to customize a loan package to meet your business’s needs.
We have strong partnerships with the Small Business Development Centers in Vermont and New Hampshire and can work with them to help you create a plan to ensure success for your business.
Need the right banking partner for your SBA loan? Explore our SBA checking account options to support your business financing needs.
Approved to offer SBA loan products under SBA's Preferred Lender program.
Letter of Credit
Letters of credit are sometimes required by government agencies or vendors, and Passumpsic Bank can provide these letters as needed.
* Subject to credit underwriting.
Business Loan FAQs
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Real Estate, Equipment, Renovation, Construction, short and long term working capital Lines of Credit, and Letters of Credit for both existing and startup businesses.
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The next steps typically include meeting with a lender, submitting any required documentation, and providing additional information as needed. From there, your application will be reviewed and analyzed. Once approved, we’ll work with you to collect any remaining items needed for final approval before moving on to closing.
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A business loan can help a business meet cash flow needs through it's business cycles or during the peaks and valleys of revenue generation. A business loan can also help a business expand or grow or can assist with the acquisition of an existing business.