Term Loans

At Westfield Bank, our philosophy is simple: when we help our clients grow their business, we grow as well. We offer a variety of loans to fit your needs and grow your business.

With a Westfield Bank term loan you can consolidate debt, purchase new commercial vehicles or equipment or grow your business. Our term loans are designed as a one-time disbursement of funds to cover long-term financing. At Westfield Bank we help you turn your small business goals into reality without reducing your investments. Contact one of our Commercial Lending Advisors for further information.

• Machinery and Equipment
  When your small business requires financing for the acquisition of machinery or equipment Westfield Bank has term loans to help you finance your investment. Your equipment or machinery loans will have an amortization that provides the essential funds you need without diminishing working capital.
  
  There are specialized government loan programs that may provide attractive interest rates and more patient repayment than conventional bank financing. Westfield Bank’s goal is to review all the alternatives and provide the most effective loan structure for your business.
• Leasehold improvements
  Leasehold Improvements (sometimes referred to as "build-outs") are the structural changes you make to leased space to make it suitable for your business needs. These costs may be paid by the landlord (and included in your monthly rent). Alternately, your business may be required to fund the needed changes. Borrowing funds to remodel an office is one example of a leasehold improvement loan.