Business Loans & Lines of Credit

Whether your company requires funds for day-to-day operations, seasonal cash flow, expansion, or other business needs, you can count on Katahdin Trust for specialized help.

Katahdin Trust believes in Maine and we believe in Maine business.

How can we help your business growChat with us or give us a call at 1-800-221-2542.

 

Start something new with financing tailored to your business.

Term Loans

Get a fixed interest rate for just about anything you need to keep your business in business.

EXPLORE TERM LOANS

SBA Loans

Small Business Administration Loans offer a variety of options to finance business needs with fast turnarounds.

EXPLORE SBA LOANS

Business Mortgages

When the time comes to expand, relocate or buy real-estate property, we're here to help.

EXPLORE BUSINESS MORTGAGES

Lines of Credit

Get a line of credit for short-term working capital, seasonal purchases, inventory or payroll. Secured and unsecured options.

EXPLORE LINES OF CREDIT

Business Letters of Credit

When you need to buy goods on credit or enter into a contract requiring a bond or deposit.

EXPLORE LETTERS OF CREDIT

Municipal Loans

Perfect if your business is anticipating receiving revenue such as taxes, operating funds from governmental units, or sale of bonds.

EXPLORE MUNICIPAL LOANS

Business Term Loans

Let's Get Growing

Reach bigger goals faster with a Business Term loan.

  • For one-time expenditures or long-term financing
  • Fixed and variable rates available
  • Flexible repayment options
  • Agency Guaranteed Programs available

Contact Us

All loans subject to credit approval.

SBA Loans

Let our skilled team guide you to a well-crafted SBA loan.SBA Lender

It’s all about fit and finish.

Government-backed Small Business Administration loans can give you lower down-payment options and longer repayment terms. As an SBA Preferred Lender, we also give you an expert team dedicated to local decisions and fast turnaround times.

  • Fixed or variable rates
  • No origination fees on some loans
  • Short or long terms
  • Rate discounts possible with autopay
 

Business Mortgage

Expanding? Relocating? Buying property?

We can help.

Why choose Katahdin Trust?

  • Experienced, local lenders who understand the business climate of Maine
  • Variety of terms available
  • Fixed or variable rate loans
  • Flexible repayment options

Contact Us

Business Lines of Credit

Cash when your business needs it.

Tailor a secured or unsecured line of credit expressly for your business.

Great for a variety of ongoing or short-term financing needs. This includes improving cash flow, acquiring seasonal working capital, purchasing inventory, materials, or equipment, and financing accounts.

  • Revolving term, to be used for short-term purposes
  • Immediate access to cash when you need it
  • Flexible repayment options
  • Agency Guaranteed Programs available
 

In some instances traditional business loans might not be appropriate for your business. That's why we provide options to obtain alternative financing. Work with experienced lenders who understand the business climate of northern Maine.
Guaranteed loan programs are provided by the U.S. Small Business Administration (SBA), Rural Development (RD), Farm Services Agency (FSA), Finance Authority of Maine (FAME), Potato Marketing Improvement Fund (PMIF), Northern Maine Development Commission (NMDC) and various local community development agencies.
All loans subject to credit approval.

Business Letters of Credit

When you need to buy goods on credit or enter into a contract requiring a bond or deposit.

Establish credit with your suppliers with a Letter of Credit from Katahdin Trust. It allows you to add the Bank's name and credit support to your own, thereby providing others with the assurance of your payment or performance.

Contact Us

All loans subject to credit approval.

Municipal Loans

Perfect if your business is anticipating receiving revenue such as taxes, operating funds from governmental units, or sale of bonds.

  • Flexible repayment options
  • Fixed and variable rates

May also be used for long-term loans to support fixed asset acquisitions such as operating equipment, buildings, solid waste systems, and more.

Contact Us

All loans subject to credit approval.

Learn more about Beneficial Ownership requirements and how they may affect your business.

Maine Financial Group

For all of your equipment financing needs from trucking and construction to forest products and marine.

Learn more about MFG

Contact Us

A Katahdin Commercial Services Officer can help you decide what type of financing would work for your business.

Stop By Email Call 1-800-221-2542

 

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