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  Important Information
Financial Center Updates & Important Information Read More

Beginning Monday, March 15th the bank will resume full service status to our lobby areas with normal business hours. (No appointments are needed). Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility. Financial Center Locations

We remain committed to do our part to ensure our community stays healthy during the COVID-19 pandemic. Spencer is creating a safe and secure environment for all who visit. Please take a few moments to review the safety protocols listed here prior to visiting us. Read More

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

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

Cash Management

  • ACH Originations
  • Positive Pay / Account Rec / ACH Filters
  • Online Wire Transfers
  • Remote Deposit Capture
  • EDI Reporting
  • Remote Official Check Printing


Inquire Now

Small Business Loans Rate Box

Contact a Banking Specialist

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. Spencer refinances are not eligible for these promotions. Rates and terms are subject to change without notice. All loans are subject to credit approval. 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 4/30/2021 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 months) 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. Other rates and terms available for borrowers that do not qualify for these promotional offers. Offers valid through June 30, 2021.