As a Small Business Administration (SBA) Preferred Lender and a company committed to helping entrepreneurs with business ideas of varying sizes, Chelsea Groton has helped hundreds of hopeful business owners just like you find the right loan and support to start a business.
I never heard of a bank going above and beyond for a hopeful business owner before. The Chelsea Groton team was incredibly customer-focused. They believed in me and my bakery’s concept. They understood my vision, and could see the value in it.
– Adam Young, Sift Bakeshop
We proudly offer a wide range of SBA financing programs, such as 7(a) and 504, as well as programs for exporters, contractors, and other trades, to help small businesses start and grow their operations.
Chelsea Groton Bank’s Preferred Lenders Program (PLP) status streamlines the process for providing business financing to the small business community. PLP lenders have demonstrated a proficiency in processing and servicing SBA-guaranteed loans. To learn more, contact a member of our Commercial Lending team below.
We’ve also developed three streamlined small business loan products, available directly through our branches or cash management team, for those in need of fast access to capital.
Small Business Professional Credit Line — for those looking to borrow $25,000 – $100,000 — is appropriate for commercial borrowers, including corporations, LLCs and PCs.
Small Business Overdraft Credit Line — for those looking to borrow $2,500 – $25,000 — is a good choice for sole proprietorships.
Small Business Fixed Asset Acquisition Term Loan — for those looking to borrow up to $50,000. It can be combined with either of the small business credit lines.
Offers the flexibility to separate business from personal expenses, access to free spending reports, and the purchasing power you need to manage your business.
Chelsea Groton offers business account packages tailored specifically for women-owned businesses, in order to offer cost-effective and efficient cash management solutions, with an emphasis on personalized service and advice, hands-on (remote or in-person) training, and comprehensive education. Interested in learning more about our Women-Owned Business product suite? Email Alexis Kahn.
Looking for grants or other financial resources to help fund your small business?