As your company plans for changes, work with Westfield Bank’s experienced bankers to finance acquisitions or mergers by utilizing your company’s an Employee Stock Ownership Plan (ESOP) to borrow the required cash.
Experience the benefits of an ESOP loan structure.
- Contributions made to repay loan are tax-deductible
- Loan amortization for flexible terms
- Increases cash flow
- Enhances debt servicing ability