Commercial Deposit Products and Services

Commercial Checking

Our Commercial Checking account is designed for all businesses. This account is absolutely free with no minimum balance, no monthly fee and no activity charges.

Sole Proprietorship/Non-Profit

Non-Profit and Sole Proprietors may take advantage of this absolutely free checking account with no minimum balance requirement, no monthly fees and no activity charges. Enjoy monthly interest, too.

Business Savings Account

A great way to earn interest on any extra cash on hand, our Statement Savings Account for businesses has just a $10.00 minimum requirement to open.

Business Money Market

This tiered interest-bearing account is ideal for organizations whose check writing and deposit requirements are limited. There is a minimum requirement of $2,500 to open an account; with a monthly limit of six pre-authorized transfers (maximum of three by check).

Business Internet Banking - CorporateiLink^SM 
(click to access your account)

Cape Ann Savings Bank offers its commercial/business account holders the ease of online banking with CorporateiLink^SM. Commercial/business clients can check account balances and make transfers between accounts. CorporateiLink also allows ACH origination and wire transfers. Several security layers are available with CorporateiLink allowing multiple users with varying security access. 

Merchant Services

Cape Ann Savings Bank can handle your credit and debit card processing requirements through partnerships with third party vendors. We offer state-of-the-art processing technology and competitive rates, including Point of Sale and Internet Processing.

Commercial Loan Products

Cape Ann Savings Bank's experienced lending officers are locally rooted and driven to provide the quality service in growing business relationships. We understand the difficult challenges you face everyday to improve earnings and cash flow, locate affordable financing and stay ahead of the competition.

Term Loans

Our term loans provide the funds necessary to finance equipment, purchase inventory, or provide working capital. Terms are available for various lengths and can be amortized up to 10 years.

Lines of Credit

Revolving Lines of Credit can provide your business with the flexibility to operate efficiently and fulfill short-term seasonal borrowing needs. Lines of Credit are valid for a specific period of time and interest-only payments are required during the term of the line.

Construction Loans

Cape Ann Savings Bank offers construction loans for building, renovating and improvements to retail, industrial and mixed use real estate. Builders can utilize our Commercial Construction Loans for developing residential properties. Construction loans can be converted to permanent mortgages.

Permanent Mortgages

Cape Ann Savings Bank offers a variety of long-term financing options for purchase or refinance of commercial, mixed-use and investment properties. We offer terms up to 20 years with multiple rate options.

Domestic and International Letters of Credit

Cape Ann Savings Bank can help ensure the efficient processing of domestic and international purchases and sales with a Letter of Credit.

US Small Business Administration Participating Lender

Cape Ann Savings Bank is an accredited Small Business Administration Lender (SBA). As such, Cape Ann Savings Bank makes loans to small businesses that are SBA-guaranteed. There are a variety of SBA-structured loans available. Let our lending officers help you choose the appropriate one.

________________________________________

Cape Ann Savings Bank has been serving the Cape Ann area since 1846. We work hard to be sure you find all the accounts and services needed in managing your business.