We build relationships with businesses so we can help them achieve their goals.
Working with businesses throughout the state of Maine for over 150 years.
Our team of experts will help you get the financing your business needs.
Customized Loan Solutions
At Skowhegan Savings we approach commercial lending by focusing on the needs of the customer first – and offering products, services, and solutions that meet them. We see each customer as an individual; there are no cookie cutter approaches. All loan decisions are made locally, and we never sell our loans or account servicing, so you always know with whom you are dealing.
At Skowhegan Savings, We Offer
the Following Business Loan Options:
Commercial Construction Loans
When you are ready to build a new facility, put on a major addition, or make renovations, we are here to help.
Lines of Credit
A line of credit is a versatile business tool, giving you pre-approved access to funds when you need them for operating expenses, inventory purchases, or accounts receivable.
Term loans for the purchase or refinancing of equipment, usually for terms of 5 to 7 years, depending on the economic life of the equipment.
Commercial Real Estate Loans
For the purchase, renovation, expansion, development, or simply the refinancing of commercial use properties
This is a line of credit used to purchase or refinance equipment, with a pre-set repayment term and commitment.
A commercial time note can be used to obtain funds needed to supplement normal business operations.
Let Skowhegan Savings customize a package for your municipality. Our rates and fees are competitive and our services are unbeatable.
Skowhegan Savings partners with many agencies to expand our ability to meet various needs.
Meet Our Team
Every customer is treated with integrity and respect. When you walk through the doors of any of our 11 Maine branches, you can count on a highly personalized banking experience and an honest, forthright team of employees that are genuinely interested in meeting your individual needs. To us, personalized banking is about fostering relationships with our customers, not selling transactions. Our commitment stems from the opportunity and enjoyment we get in serving the needs of our customers.
Skowhegan Savings has helped many generations of Maine families achieve their dreams and our dedication to building strong communities remains steadfast.