Small Business Loans

1.  BUSINESS TERM LOAN—“SPECIAL OFFER”
Rates are effective as of 5/15/19 for applications submitted after 5/15/19. Rates subject to change at any time without notice. Rate available for new
Business Term Loans with a term up to five (5) years with equal monthly amortization payments to fully repay the amount borrowed, up to $250,000.
Business Term loans are subject to credit and other approvals. Your actual rate will be based on evaluation of your credit application. Re-writes of
existing Term Loans or Lines of Credit, whether with Rockland Trust or another bank, do not qualify. Bank may require a first lien on all business assets
(UCC-1 filing); titles or RMV equivalent must be obtained and pledged to Rockland Trust when titled vehicles are involved. Collateral value will be
determined by the Bank in its sole discretion by reference to appropriate invoice (if new) or recognized trade valuation (if used). Rates require autopay
from a Rockland Trust checking account; additional deposit and auto pay discounts do not apply. All used equipment will require minimum down
payment of 20%. New loans will be cross-collateralized with existing loans when appropriate in Bank’s sole discretion. Tax returns and/or financial
statements will be required to qualify for this program. To be eligible for this offer you must establish your primary operating deposit account with
Rockland Trust prior to closing and maintain throughout the term of loan. Standard closing costs to be paid by Borrower. Other terms and conditions
may apply.

 
  
2.  80% financing available for used equipment financing
3.  100% financing available for new equipment loans only under $100,000