At Gloucester Cooperative Bank, we make it our business to understand the needs of your business. It's this personal touch that makes a difference in your lending relationship. The personal service is supported by our commercial loan officers' many years of experience. They understand the unique demands of owning a business on Cape Ann. Whether your business is big or small, a start-up or well established, our commercial lending specialists can help.

BUSINESS TERM LOANS

Term loans are a great option for the business that needs money for equipment, machinery, fixtures, fittings and a variety of other operational or working capital purposes. Business Term Loans are generally made for periods from one to seven years.

BUSINESS TIME LOANS

If your business has seasonal or other short-term financing needs, then a Gloucester Cooperative Business Time Loan may be perfect for you. Business Time Loans are usually made for a term of up to one year.

BUSINESS LINES OF CREDIT

A revolving line of credit can be established allowing you access up to a pre-established amount of credit. This type of loan is ideal for supporting your accounts receivable, seasonal inventory needs, or any day-to-day business expenses. They are generally established for a term of one year and reviewed annually.

REAL ESTATE LOANS

We offer Real Estate Loans to purchase property for owner-occupied as well as non owner-occupied.

COMMERCIAL CONSTRUCTION LOANS

We are experienced in closing a variety of construction loans for small to large construction projects. Whether new construction or to renovate existing commercial real estate Gloucester Cooperative Bank can help.

Please contact us with questions

Call (978) 283-8200

e-mail Mark Grenier, Vice President & Senior Commercial Banking Officer