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Back to Business Loan

Get back to business as usual.

We know that these are trying times for businesses in Massachusetts and Rhode Island, and while the Paycheck Protection Program has provided some relief, we know that many businesses need additional assistance. Whether your business was shut down and is now reopening, or you're simply looking to rebuild your business to better handle this "new normal", we are here to help in any way we can.
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BankFive's Back to Business Loan Provides:

  • Loan amounts from $25,000 - $250,000
  • 6-year term
  • Interest-only of 2.00% APR* for the first year, then adjusts to a 5-year fixed rate (set to the FHLB 5 Year Classic Advance Rate, plus 350 bps)
  • Collateral required (real estate preferred, but other business assets may be considered)
  • BankFive Business Checking account required
  • Insurance required
  • Personal guarantee required
  • Limited funds available
  • Offer may be withdrawn at any time

   Back to Business Loan Application
 

* APR = Annual Percentage Rate. Subject to credit approval.

Business Lending Resources
Learn more about our variety of commercial loan options.