Commercial Loans

Here at Seneca Savings we pride ourselves on a vast array of lending products we can offer our commercial customers. We offer great terms, rates and no application fees. Our decisions are local decisions that best fit our customer needs into the right loan product.


Commercial Term Loans
Finance equipment or other fixed assets, and permanent working capital. Fixed and variable rates are available. Repayment terms up to 5-years.

Commercial Mortgage Loan
Seneca Savings provides both long and short-term permanent financing for property acquisition or to refinance existing debt. Attractive variable rate financing is available.

Commercial Access Lines of Credit
Funds are advanced via a checkbook. Payment is based on 1/60 of the outstanding principal balance plus interest. The line is not required to adhere to a 30-day clean out. The rate is a variable rate.

Working Capital Lines of Credit
A flexible solution for your short-term borrowing needs. Alleviates cash flow shortages, financing receivables, purchasing inventory. Use it as you need, pay interest on amount in use. Your credit limit can be accessed throughout the life of the line.

Commercial Mortgage Access Lines of Credit
This product is secured by real estate. Monthly payments are 1/180 of the monthly principal balance plus interest. The line is not required to adhere to a 30-day clean out requirement. The rate is a variable rate during draw period.

Equipment Lines of Credit
Set an available dollar amount for the purchase of equipment. Funds always available up to a set dollar amount. Loan terms available up to 60-months.

Construction Financing
Financing available for the purchase and construction/renovation of investment and business properties. Interest only financing available through construction period.

Home Equity Line of Credit