BUSINESS » Financing Options
Your time is your money, and “can’t” just isn’t in your vocabulary. You deserve a bank that works as hard as you do, but on your finances, leaving you time to do what you do best; delivering tailored financing solutions on time and within your budget.
Whether you’re starting out, purchasing a business, expanding operations or refinancing existing debt, at Northeast you’ll find an ally vested in your success, with business loan programs tailored to help you achieve financial freedom.
Northeast Bank offers lines of credit, business loans, equipment loans, and commercial real estate loans, as well as for more complex situations such as government guaranteed programs and special financing.
Lines of Credit
Make funding available for day-to-day operations or to cover the complex financing of a major acquisition. Simplify your finances with a line of credit for the following:
- Working capital for cash flow
- Funding for capital expenditures
- Equipment purchases
- Overdraft and cash fluctuations
- Customized solutions to meet time sensitive objectives and seasonal issues
As an added bonus, link your line of credit to your operating account to save money on interest and improve your cash management. Click here to find out how.
Business Loans
Invest in the resources you need to grow your company. Address your immediate funding needs and structure your payments based on the timing of your cash flows. Options include:
- Secured and unsecured options
- Fixed and floating rate programs
- Terms tied to the type of assets being funded
- Interest-only payment options
- Single-payment and Balloon loans available
- Letters of Credit
Equipment Purchasing
Expand your product line, improve operating efficiency or take advantage of the latest technology with equipment loan programs designed to give you flexible alternatives. In many cases, replacing well used or broken equipment can save you money in the long-run.
- Upgrade vehicles
- Upgrade computer network
Take control of your business expenses with a Northeast Bank Corporate Card from Visa®. No matter what you need for your business, the Commercial Edition Visa® Card or the Purchasing Edition® Visa® Card will help you purchase the items you need, when you need them.
- Commercial Edition Visa Card - Combines many of Visa’s most powerful business payment solutions into a single flexible card. It streamlines your finances whether you need to manage travel, entertainment, or procurement expenses. Most importantly, you’ll be able to categorize employee card use, which will give you an accurate picture of spending.
- Purchasing Edition Visa Card - Reduces the time and expense associated with the indirect purchase of business-to-business goods and services, by eliminating purchase order and invoice paperwork. It simplifies your procurement process and provides a wide range of customized management and reporting features. It’s a great choice for mid-to-large sized companies needing 10 or more cards.
Commercial Real Estate Loans
Finance real estate you want to purchase, or borrow against the value of the real estate you own. Great if you’re looking to expand or lower your payments with a refinance.
Special programs available for Tier 1 & Tier 2 Property Types include:
- Multi-Family Properties
- Mixed Use
- Light Industrial
- Retail and Office
Government Programs
Take advantage of Northeast Bank’s status as a Preferred Lender with the U.S. Small Business Administration (SBA). In addition, Northeast is proud to offer guaranteed loan programs through other government agencies such as the Housing and Urban Development (HUD) and Rural Development (RD) agencies, as well as state-sponsored programs through the Finance Authority of Maine (FAME). A variety of these agency guaranteed loan programs are available, designed specifically to suit your short-term and long-term borrowing needs.
Equal Housing Lender l