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Call 617-268-8880 to apply today!
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Business
- Loans
 At
Mt. Washington Bank, we recognize that throughout the life of your business,
you will need to borrow money.
We will customize all of the
financing your business requires to meet its financial goals. As your
Hometown Bank, we will always take the time to work with you and walk
you through every step. We aim to make your experience as convenient
as possible, ensuring that your loan decision is handled quickly and
professionally.
We offer the following types of Business Loans:
| Lines of Credit |
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| Lines used for short term working capital |
| Same day funds transfer to your Mt. Washington
Bank Checking Account |
| Variable interest rate |
| Interest only monthly, principal at your option |
| Equipment Loans |
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| Flexible terms to meet borrowing needs |
| Variable or fixed rate |
| Monthly payment includes principal and interest |
| Loan amounts start at $10,000 |
| Term Loans |
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| Intended for long-term financing with terms
up to 10 years |
| Variable or fixed rate |
| Monthly payment includes principal and interest |
| Loan amounts start at $10,000 |
| Commercial Real Estate Loans |
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| Mixed use, 5 or more residential units, commercial
buildings, owner occupied commercial buildings |
| Terms up to 25 years |
| Fixed rate or variable rate programs |
| Fixed payment schedule |
| Construction Loans |
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| Granted for residential properties, new
construction, rehab, condominium conversion and commercial properties |
| Fixed or variable interest rate programs |
| Monthly interest only payments |
| Pay the principal at the end of the term |
| Flexible terms up to 24 months |
| Simplified process to convert to permanent
financing |
| SBA Lending Programs |
| Mt. Washington Bank, in participation
with the U.S. Small Business Administration (SBA), is committed to
meeting the financing needs of small businesses. These are a number
of financing programs available that will provide flexible terms
which otherwise would not be available to businesses through normal
channels. These SBA programs provide financing solutions for purposes
such as: |
| Buying or starting a business |
| Expanding or renovating an existing business
facility |
| Purchasing equipment |
| Purchasing land and building for your business |
| Lines of Credit |
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