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Term Loans 

• Choice of fixed and variable competitive interest rates are available.

• We offer loan amounts to fit the needs of small and large businesses.

• For customers seeking a streamlined application process with minimal documentation and a quick response, we offer a Preferred Term Loan for loans up to $100,000. Funds cannot be used to refinance existing debt.

• For customers who are expanding their business and may not have sufficient business assets to fully collateralize their loan, we offer a “Ready Cash” Term Loan, under which a second mortgage on your primary residence may be used as a subordinate source of repayment.

For businesses that need lines of credit up to $1 million.
Call Joseph Bator at 617-897-1021 or email him at

For your convenience, below are links to fillable loan applications.  You will need Adobe Reader on your computer to open and save these documents.  To ensure you do not lose any data typed into the application, please immediately save the application by performing the following steps:

1. Open the appropriate application by clicking on one of the links below. A new browser window containing
    the application will open.

2. Save the application to your computer (e.g. to your desktop). Then close the browser window.

3. Go to where you saved the application on your computer and open it. Now, anytime you go to close the
    application, you will be automatically prompted to save it, ensuring you do not lose any data.

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

Application for loans $100,000 and over

For businesses that need lines of credit over $1 million.
Call Joseph Holland at 617-897-1045 or email him at

Visit any Eastern Bank branch.