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Many of your credit and borrowing needs require flexibility. Middlesex Savings Bank offers a variety of ways to help you get the credit you need when you need it.
Our credit solutions are as individual as you are, and our application and approval process is fast and easy. We offer you the convenience of a solid branch network to better service your credit needs.
The Business Reserve Line of Credit is a convenient way for your small business to access funds for seasonal cash flow demands or simply as overdraft protection.
| Loan Amount: |
$1,000-$10,000 |
| Can Be Used For: |
Overdraft Protection
Working Capital Expansion
Seasonal Cash Flow
And More |
| Collateral: |
Unsecured |
| Monthly Payment: |
3 1/3% principal + interest |
| Access: |
24-Hour Telephone Advances; Writing a check; Online banking |
| Fees: |
$25 Annual Fee |
| Repayment Terms: |
Revolving line of credit. Payments made increase available balance |
| Interest rate: |
Variable, Prime Rate plus 5% |
| Benefits: |
No annual documentation requirements |
To apply, please visit any one of our 25 convenient branch locations.
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