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Business Loans

Let’s take your business to the next level

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Your business is our business

With a variety of business loan options to suit your needs, we help you get access to the funds your business needs to grow and thrive.

Our business loan options

  • Lines of Credit

    A revolving line of credit, generally used for payment of operating expenses, as working capital, and/or for business cycle needs.

  • Term Loans

    A fixed loan paid back over a fixed period of time that can be used to finance new equipment, restructure business debt, increase working capital, and start up or acquire a business.

  • Small Business Administration (SBA) Loans

    Sponsored by the Federal Government and offered by Jeanne D’Arc, SBA Loans are designed specifically for small businesses that may not have conventional lending options available to them.

  • Overdraft Lines of Credit

    Get access to additional funds in the event you do not have enough in your checking account to cover an expense.

  • Vehicle Loans

    Take advantage of our competitive rates and finance a vehicle used for business purposes.

  • Commercial Real Estate Mortgages

    Finance the purchase of office, retail, industrial or multi-family investment properties. Refinance options are also available.

Commercial Lending Application Checklist

You’ll need the following items on hand to complete your application:

  • Two years business and/or realty/LLC tax returns for borrower
  • Interim or year-end financial statements if tax returns >5 months old (signed and dated)
  • Two years personal tax returns for each principal with 20% or greater ownership
  • Current summary of real estate holdings
  • IRS Form 4506-T (Request for Transcript of Tax Return) for each borrower/guarantor or CPA tax return validation letter
  • W-2 for each principal with 20% or greater ownership
  • If investment property: rent roll/leases (signed and dated) – indicate if tenant-at-will
  • If real property: copy of purchase and sale agreement
  • If equipment: copy of sales contract
  • If starting or acquiring a business: a business plan that includes projections is required

Ready to get started?

To apply for loans, open accounts or to schedule a meeting to discuss your business, contact:

  • Kara Doyle
    VP – Commercial Lending

    Office: (978) 323-3242
    Mobile: (978) 479-7150
    Email: [email protected]

  • Jeffrey Turcotte
    VP – Commercial Loan Officer

    Office: (978) 323-4710
    Mobile: (978) 888-3090
    Email: [email protected]

  • Robert Boley
    AVP – Business Services Advisor

    Office: (978) 703-7982
    Mobile: (978) 421-4644
    Email: [email protected]

  • Yan Ventura
    AT – Business Services Advisor

    Office: 978-323-4952 978-758-8010
    Mobile: 978-758-8010
    Email:  [email protected]

Business Loans FAQs

A loan is a lump-sum of money that has a fixed interest rate and is to be paid over a fixed period of time. Meanwhile, a line of credit is a revolving account that allows you to take out what you need, when you need it, only paying interest on the amount you took out.

Yes, you need to apply. There is a minimum amount of $500 and a maximum of $10,000 on your overdraft line of credit with an APR of 18%.

Contact any one of the following members of the Jeanne D’Arc Business Services team.