Business Term Loan

Get a quick loan decision and see how Business is Good® with Eastern Bank.

The Eastern Bank Business Term Loan is a fast, simple way for your large or small business to get the funds you need, now. Applying takes just a few minutes and you’ll get a quick decision.

A Business Term Loan features: 

Eyes over Copley
  • Up to a $100,000 loan1
  • Funds credited to your Eastern Bank business checking account2
  • Low fixed rate and a 5-year term
  • No prepayment penalties
  • The Business Term Loan is also available for SBA loans from New England’s #1 SBA Lender









Get Started Today with our Business Term Loan or Business Loan applications

To get started with your application online, all you need is Adobe Reader to open and save these fillable PDF documents. There are three easy steps:

Step 1

Open the appropriate application by clicking the below link that applies to you and your business. A new browser window containing the application will open.

Application for loans under $100,000
(Aggregate commercial loan commitments, including this request, cannot exceed $100,000.)

Application for loans $100,000 and over


Other Loan Options

Eastern Express Business Loan

Eastern Bank now offers the Eastern Express Business Loan, which offers quick funding of up to $100,000 funding. To learn more, visit here.3

To Learn More About the Business Term Loan:  


Get Started         Locate a Branch


 Or Call Us at 1-800-293-1460

If you are interested in lines of credit over $100,000, please contact one of the following:

For the North Region, Kevin DeVinney at 781-715-3921 or [email protected]

For the South Shore and Cape Cod, Adriana Moschella at 781-526-7592 or [email protected]

For Boston, Ryan Fullam at 631-988-0403 or [email protected]

For Northern MA and New Hampshire, Kelly Mulholland at 603-391-9299 or [email protected]


  1. Funds cannot be used to refinance existing debt.
  2. Must have an Eastern Bank business checking account as part of the final approval process.
  3. The Eastern Express Business Loan is available for Massachusetts and New Hampshire businesses only. 

      Other qualifications and restrictions may apply.