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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 as the Referral Partner’s email address.

Limited Time $5,000 Fee Refund

Is your business in need of a new commercial space? For all of the hard work you’ve put in, you deserve a break.

Spencer is offering new customers a $5,000 fee refund on the closing costs of a $1 Million or greater owner-occupied mortgage.

  • Competitive Rates
  • Loan Amounts Up to $10 Million
  • Local Approvals and Quick Closings

Give your company room to grow and save big on the close.



Company Room

Contact Us Today

Juan Oelofse

SVP & Director of C&I Lending 1-201-703-3817

The offer is only available to new, qualified commercial borrowers who at time of application do not have an existing commercial banking relationship with Spencer Savings Bank. Minimum loan amount of $1,000,000 on an owner-occupied mortgage to qualify. “Owner-occupied” is defined as property where > 51% of the gross rentable space is occupied by the owner-operator and > 51% of the cash flow to repay the debt is derived from the owner-operator. Reimbursement under this offer for qualified and approved borrowers will occur within 45 days of closing to the borrower’s Spencer commercial checking account. Reimbursement will be the lower of all approved closing costs paid by the borrower or the amount allowed by the offer. Eligible closing costs will consist of appraisal fees and review fees, environmental reports and review fees, SSB attorney fees, title insurance fees and miscellaneous fees including searches and recording fees. Other costs such as borrower’s attorney fees, property taxes, commitment fees and owner’s title insurance fees are not eligible. Loans are subject to credit approval. Rates and terms are subject to change without notice. Financing available for properties in NJ, NYC Boroughs and Eastern PA.