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Small Business Loans
Your Road to YES
Starts Here
Apply online with Express YES for a business loan or line of credit-giving you a faster path to financing backed by local lenders who understand your business.
What to expect with Express YES:
Borrow up to $100,000 with competitive fixed rates and terms of up to 7 years, based on the useful life of the collateral1. Business loans provide structured financing for large investments that help support and strengthen your business over time.
Common uses include:
Apply online through Express YES for a quick decision and a straightforward path to funding.
Borrow up to $50,000 with competitive variable rates. Make interest-only monthly payments, with principal due on demand. A 30-day consecutive out-of-debt period is required each year, meaning your balance must be paid down to $0 for at least 30 consecutive days annually. Advances are deposited directly into your Machias checking account for fast, convenient access to funds.
A line of credit can help you:
Apply online through Express YES for a quick decision.
Estimate Borrowing Potential!
Our business loan calculator can help you estimate how much your loan will cost and how much you’ll pay each month. Just enter a loan amount, interest rate, loan period and payment frequency.
What types of financing can I apply for online?
Through Express YES, businesses can apply online for:
These options provide flexible financing for equipment purchases, working capital, and other business needs.
How long does the application process take?
The Express YES application is designed to be simple and efficient. Many applicants receive a decision quickly after submitting their information.
What information will I need to apply?
Before applying, it’s helpful to have the following ready:
Applicants must be 18 years or older and operate a business in Maine or New Hampshire.
Do I need to create an account to apply?
Yes. When starting your Express YES application, you’ll create login credentials for the secure portal. From there, you can complete your application, upload documents, and check the status of your loan.
Do you offer other types of business financing?
Yes. In addition to Express YES business loans and lines of credit, we also support other lending solutions such as:
If you’re interested in these options, complete the contact form and a lender will follow up with you.
How much can I borrow?
Business loans through Express YES are available up to $100,000, and business lines of credit are available up to $50,000, depending on your business qualifications and financial information.
You can also use our Estimate Your Borrowing Potential calculator to explore possible borrowing amounts before starting your application.
If your financing needs exceed these amounts, please complete the form below and our team will connect with you to explore additional options.
This business loan must be secured by collateral and is intended for business purposes only. It does not include real estate, commercial fishing vessels (CFV), or airplane loans.
It’s our job to focus on the little things, like payroll, so you can focus on the big things and keep moving your business forward. Say “Yes!” to our payroll services!
Make electronic payments, protect your business from fraud and more with our online and mobile banking.
Our business MasterCard® Credit Cards are perfect for anyone with a dream of small business ownership. We offer multiple card options to fit your business.
By following this link, you will be leaving Machias Savings Bank’s website and visiting a non-affiliated third party website. Be sure to review their terms and conditions as you will be subject to their terms of use, and Machias Savings Bank is not responsible for its content. Click Yes to proceed or No to remain in www.machiassavings.bank.
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