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  Holiday Closing
Spencer Savings Bank will be closed Monday, October 14th in observance of Columbus Day. Read More

For your convenience, account information can also be accessed 24/7 through our online banking, mobile banking and telephone banking platforms.

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