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  Coronavirus Update

We are offering a SBA Paycheck Protection Program to support our business customers. Read More

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. Among other forms of economic aid, the CARES Act provides businesses affected by COVID-19 with special assistance programs. One such Small Business Administration (SBA) program is the Paycheck Protection Program, which assists businesses with job retention and specific expenses. Spencer Savings Bank is proud to partner with FOUNTAINHEAD Commercial Capital / Small Business Finance, a top national SBA lender, to offer the Paycheck Protection Program for businesses in need. Click on the link below to fill out our short internal application form. After completing the form you will be directed to Fountainhead’s website with more information. Internal Application

When completing the application, on the Fountainhead website, please indicate Spencer Savings Bank as the FastTrack Partner, and PaycheckProtectionProgram@SpencerSavings.com as the Referral Partner’s email address.

Juan H. Oelofse

Juan H. Oelofse
SVP, Director of Commercial & Industrial Lending

Employed By Spencer Savings Bank Since: 2019
Employed In Industry Since: 1997

 Outline of Responsibilities / Areas of Expertise / Memberships

Manages and directs the activities of the bank’s Commercial & Industrial Lending Department which specializes in financing business owner-occupied commercial real estate, and non-real estate business assets such as accounts receivable, inventory, and equipment.

Term financing to support asset purchases and lines of credit are provided to support short term, working capital needs.

Areas of expertise include Middle Market Lending, Commercial Lending and Small Business Lending.