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  Important Updates
We are here for you. Important Updates Regarding Coronavirus. Read More

Learn about all the ways Spencer is creating a safe and secure environment. Read More

We continue to stay committed to you during this difficult period. View an updated message from our Chairman, President and CEO. Read More

The Passaic Street (Garfield) location is currently closed. During this time, please visit one of our alternate financial centers if needed. Bank Locations

Give Your Business Access
to Liquid Capital, Fast

Find all of the business banking services you need to succeed in Spencer Savings Bank’s BusinessEdge® suite. We are currently offering very competitive rates on our BusinessEdge® line of credit and term loan products.

BusinessEdge® Loans

  • Loan Amounts up to $250,000
  • Simplified Application
  • No Annual Clean-Up Option

Plus, adding on our cash management suite to simplify, streamline, and safeguard your finances.

Cash Management

  • ACH Originations
  • Positive Pay
  • Online Wire Transfers
  • Remote Deposit Capture
  • EDI Reporting


Inquire Now

BusinessEdge Rate Box

Contact a Banking Specialist

Richard Vaill
VP & Business Development Officer Team Leader
Essex County / Mercer County / Morris County / Union County

Svetlana Molina
VP & Business Development Officer
Bergen County / Passaic County

Marzena Czachor
VP & Market Manager
Elmwood Park / Garfield / Passaic / Wallington

Ed Kurbansade
VP & Market Manager
Clifton / Wayne

Ronna Marchello
VP & Market Manager
Lodi / Saddle Brook / Wood-Ridge

Anthony Niciejewski
VP & Market Manger
Lyndhurst / North Caldwell / Nutley / Parsippany

Carmen Rivera
VP & Market Manager
Cranford / Elizabeth / Union / Westfield

*APR=Annual Percentage Rate. Line of Credit rate is based on the total non-interest deposit account relationship of the borrower(s) and guarantor(s) as well as the Prime Rate as published on the last business day of the month in the Wall Street Journal. Rates as low as Prime minus 1% with a Floor Rate of 3.25%. As of 9/08/2020 the Prime Rate was 3.25% resulting in a promotional rate of 3.25%. BusinessEdge Term Loan rates are as follows: 3.74% (12-36 month terms) and 3.99% (48-60 month terms). There is a $500 Closing Fee on all promotional BusinessEdge Loans and Lines of Credit. An active primary business operating checking account with Spencer is required to receive these promotional rates. All loans are subject to credit approval. Spencer refinances are not eligible for this promotion. Rates and terms are subject to change without notice. Other rates and terms available for borrowers that do not qualify for these promotional offers.