At Spencer, we believe in the success of your business. Our team is committed to providing personalized assistance and guidance throughout your financial journey.
Empower your business with flexible financing options designed to meet your unique needs. Whether it’s a line of credit for day-to-day operations or a term loan for expansion, Spencer has you covered. Let’s take your business to the next level together.
Take Advantage of Our Limited Time Offers – Act Now
Serving NJ Communities for Over 130 Years
Visit your local Financial Center, or call us at 1-800-363-8115 to speak with a friendly banking specialist who can help find the right solutions for you.
*Spencer refinances are not eligible for any of these loan promotions. Rates and terms are subject to change without notice. Other rates and terms available for borrowers that do not qualify for these promotional offers. All loans are subject to credit approval. Available to business entities that are physically located or licensed with the appropriate NJ or PA state or local governmental authority and operating with significant activities in NJ (“New Jersey Business”) or Bucks County, PA. Commercial loan financing is available for properties located in NJ, NYC Boroughs, and eastern PA. *Small Business Line of Credit: This is a variable rate (published base rate using the current Wall Street Journal prime rate) line of credit for line amounts up to $500,000. The line of credit interest rate is based on the total non-interest bearing deposit account relationship of the borrower(s) and guarantor(s). To qualify for this offer, the customer must keep compensating deposit balances averaged over a three-month period of 25% or greater of the loan amount. An active business operating checking account with Spencer is required to receive this promotional rate. An active checking account is defined as an account that has multiple debits and credits coming in and out of the account monthly. There is a standard $500 Closing Fee on all Small Business Lines of Credit, which will be reduced to $199 for all new applications submitted during the promotional period. Upon annual renewal of this line of credit, the variable rate will be adjusted to reflect standard pricing in relation to total non-interest deposits. **Small Business Term Loan: Term loans are fixed rate loans with terms ranging from 12 months to 60 months for loan amounts up to $1,000,000. The borrower will receive a 0.25% rate reduction off current pricing. To qualify for this offer, the customer must keep compensating deposit balances averaged over a three-month period of 25% or greater of the loan amount for the term loan. An active business operating checking account with Spencer is required to receive this promotional offer. An active checking account is defined as an account that has multiple debits and credits coming in and out of the account monthly. There is a standard $500 Closing Fee on all Small Business Term Loans, which will be waived for all new applications received during the promotional period.