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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.

BusinessEdge® Express Term Loan

When you’re ready to invest in your business, it’s wise to work with a bank that’s ready to invest in you with a quality business loan. At Spencer, we get that, which is why we created the BusinessEdge® Express Term Loan. Not only do you get the funds you need to make that critical machinery or equipment purchase. You get our commitment to delivering local decisions faster than ever before – because in business, express matters.

BusinessEdge® Express Term Loan features:

  • Loan Amounts up to $250,000
  • Fixed Monthly Payments
  • Great for Equipment Purchases
  • 3 and 5 Year Terms Available
  • Local Decision Making
  • Simplified Application
  • Fast Approval Turnarounds

With our BusinessEdge® Express Term Loan, you have the power to grow your business. And with rapid-decision making on every application, you don’t have to wait.

Inquire Now

Contact Us Today

Anthony Niciejewski

AVP & Business Development Officer 1-201-703-3800 Ext. 8425

William Callahan

VP & Retail Sales Manager 1-201-703-3800 Ext. 8269