Loan Products

Need money for your business?

If you are looking for a business loan, call one of our lending professionals listed below at
508-234-8112.

Deb Larsen ,
Senior Vice President

Gary Iacovelli,
Senior Vice President

Steve Anderson,
Vice President

Geoffrey Underwood,
Vice President

Or call our Milford Loan Office at 508-478-5666.

Marty Brandin,
Senior Lending Officer,
Milford Office

Dave Scribner,
Vice President

Fast Track Loans

UniBank has a Fast Track Loan that streamlines the application and approval process. This allows your business to get the loan you need as quickly and easily as possible. If you have been in business for longer than one year and need a loan for an amount under $150,000, this may be the right option for you.

Lines of Credit

Whether you need it for working capital, closing a timely deal or overdraft protection… a line of credit gives you the extra funds you need quickly and easily for all your short-term borrowing purposes. Your business line of credit has a pre-determined dollar limit and is subject to annual review and renewal. To make it easy for you, monthly payments can be deducted from your checking account.

Term Loans

Term Loans are the most popular type of commercial loans available. They are generally used to purchase fixed assets (other than real estate) including machinery, equipment or vehicles, and may also be used to refinance corporate debt.

Commercial Mortgages

A Commercial Mortgage loan may be used for the purchase, construction, expansion/renovation, or refinance of commercial real estate.

Standby Letter of Credit

A Standby Letter of Credit is an obligation made by UniBank to back up a customer’s monetary guarantee to perform a certain service or to pay a specified amount to a designated beneficiary. This may allow you to purchase from new vendors and expand your market even more.

Small Business Administration Loans (SBA)

SBA Loans are commercial loans made to businesses with federal government guarantees for a percentage of each loan. SBA Loans may be used for any number of purposes, including business start-ups, purchases of existing businesses, equipment upgrades, and commercial real estate purchases. Some businesses use their SBA Loan for refinancing existing debt, as well as for working capital. SBA guarantees and other government programs can expand borrowing opportunities for many small and mid-sized businesses.

Greater Blackstone Valley Community Loan Program

We’re proud to be a part of a consortium of four banks whose goal is to help small businesses with loans ranging from $2,000 to $25,000. This program provides financing that is not generally available to small business entrepreneurs. Virtually all types of businesses are eligible to participate in the program, provided they are located in the Greater Blackstone Valley. Loan funds may be used to purchase fixed assets (other than real estate) including machinery, equipment or vehicles, and may also be used to support working capital requirements.

Capital Access Program (CAP)

We've got a perfect solution for small businesses needing to borrow $1,000 to $500,000: The Capital Access Program (CAP). CAP is a lending program designed to simplify borrowing for small business owners and to provide access to capital where none currently exists. Funds have been committed by the Commonwealth of Massachusetts to provide cash collateral guarantees for small business lending needs. There's no red tape, just access to funds that might not otherwise have been available. Ask us if CAP is right for your small business.