If you are looking for a business loan,
call one of our lending professionals
listed below at: 508.849.4200 or 508.234.8112.

Deborah L. Larsen,
Senior Vice President
Senior Lender

Gary A. Iacovelli,
Senior Vice President
gary.iacovelli@unibank.com
 
Christopher J. Watson
Senior Vice President
 
John E. Mannila
Vice President
john.mannila@unibank.com
 
Bernard P. Gagnon
Vice President

Steven G. Anderson, 
Vice President 
steve.anderson@unibank.com
 
Marina L. Taylor
Vice President
 
Patrick T. Royce
Vice President
 
Kristin M. Sawash
Vice President
 

Commercial Loans

UniBank offers several commercial loan options to businesses in Massachusetts, including term loans and commercial mortgages. Learn more about our commercial lending services below.

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 commercial 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 commercial 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.

UniBank has been designated an "SBA Preferred Lender."  Under the Preferred Lenders Program (PLP), high-volume SBA lenders such as UniBank are delegated loan approval, closing and most servicing and liquidation authority, enabling them to make loan decisions more rapidly. The SBA generally assigns a loan number instantaneously for approved PLP loans submitted by participating lenders. To earn the PLP designation, lenders must establish a successful track record and display a thorough understanding of SBA lending policies and procedures.