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  Important Information
Financial Center Updates & Important Information Read More

As the virus transmission rate continues to increase again in New Jersey, we’d like to inform you that we will be closing our lobbies to the general public effective Monday, December 7, 2020. If you need to conduct business inside one of our financial centers, you will be required to schedule an appointment.  However, we will be operating our drive-up facilities as normal.  Please see our revised hours of operation and financial center contact information. Financial Center Locations

Prior to visiting us, please check our “locations” section on the website for updated financial center accessibility.  We appreciate your patience as we do our part to protect you and our employees from the spread of COVID-19. Financial Center Locations

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 and CEO. Read More

Give Your Clients Access to Liquid Capital, Fast

Spencer Savings Bank is able to provide your small business clients the tools and financing they need to succeed. 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 will help your clients simplify, streamline, and safeguard their finances.

Cash Management

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


Inquire Now

BusinessEdge Rate Box

Contact Us Today

Richard Vaill

VP & Business Development Officer Team Leader 1-973-699-5616


*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.