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  Holiday Closing & Passaic Street Financial Center Closure
Spencer Savings Bank will be closed on Friday, July 4th in observance of Independence Day. For your convenience, account information can be accessed 24/7 through our online banking, mobile banking and telephone banking platforms. Read Full Message

Please be advised that our Passaic Street Financial Center will be CLOSED due to unforeseen maintenance.

Please visit one of our nearest full-service locations during this time.

Outwater Lane Financial Center | Elmwood Park Financial Center

We apologize for the inconvenience and look forward to continuing to serve your banking needs.

Term Loan

Term Loans provide a specific amount of credit to purchase assets or meet specific financing needs. The loan is paid based on a predetermined schedule or monthly principal and interest payments. This loan is great for financing machinery, equipment or company vehicle purchases.

Term Loan features:

  • Loan Amounts up to $10 Million
  • Fixed Monthly Payments
  • Flexible Term Options Available
  • Longer Payback for Major Purchases
  • Local Decision Making
  • Monthly Itemized Statements
  • Monthly Auto-Deduct Option

Our term loans can cover your long-term financing needs, preserving your own funds. Let Spencer help determine the right term loan for you.

Inquire Now

Contact Us Today

Sergio Musacchio

SVP, Director of Commercial & Industrial Lending and Small Business Finance 1-201-703-3827