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Business Loans
Investing in your business is a proven way to defeat your competition. The Milford Bank offers a variety of loans and services customized to the size of your business and the scope of your goal. Let our Business Banking specialists determine the lending solution ideally suited to your business.
Seasonal Lines of Credit Not all businesses can maintain a steady cash flow. A 12-month Seasonal Line of Credit can help your company meet short-term cash flow needs, obtain seasonal working capital, maximize your financial resources, and improve your liquidity. Click here to learn more.
Short-Term Loans If your business requires the financing of additional inventory or a high volume of accounts receivable, a Short-Term Loan may be the ultimate solution. Our Short-Term Loans are traditionally less than a year, and feature highly competitive rates.
Term Loans We've helped many area businesses expand successfully through financed equipment purchases made with a Term Loan. With financing repayable up to 5 years, a Term Loan provides the capital you need for equipment, machinery and vehicles-with the financial benefit of an extended payment period.
Letters of Credit Your business needs The Milford Bank to stand behind it. The Milford Bank offers stand-by financing for inventory purchases or bonding required for construction projects. Let us tailor a letter to meet the specific demands your next project.
Commercial Mortgages Looking to expand, renovate or move to a more suitable location? The Milford Bank can offer your business a Commercial Mortgage loan with competitive rates and terms custom-tailored to your business. Whether you plan to acquire, build or expand your commercial property, you'll enjoy the benefits of long-term financing-plus the responsive customer service and local decision-making that's made us Milford's #1 mortgage lender.
Condominium Association Loan Program We can provide financing for condominium capital expenditures from $100,000 to $4,000,000 for roofing, siding, paving, window replacement, and recreational facilities. Our interest rates are among the lowest in the state and our terms are flexible. Personal attention is provided by assigning a loan officer to your account to assist you every step of the way. For more information, please call Ron Silverberg at (203) 783-5765.
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