Dover – Federal Savings Bank has been approved by the Small Business Administration (SBA) to offer the agency’s Express Line of Credit and Patriot Express lending programs.
The SBA Express Line gives small business borrowers an accelerated application process and expedited turnaround time for critical loan decisions. In addition, generous loan advance rates and competitive interest rates are often available using these SBA programs.
The SBA Patriot program provides financing for business owners who have served in the military. Eligible military community members include: veterans, service-disabled veterans, active-duty service members eligible for the military’s Transition Assistance Program, reservists and National Guard members’ current spouses of any of the above, and the widowed spouse of a service member or veteran who died during service or of a service-connected disability.
“Federal Savings Bank is committed to providing products and services that will provide credit access to business owners in our communities,” according to FSB Senior Vice President, David McArdle. “Through our partnership with the SBA, we are able to offer local business owners more lending programs with affordable and flexible financing terms that help to sustain and grow their businesses,” he added. For more information about these new programs, call 1-800-462-2265 and speak with one of the Bank’s experienced Commercial Loan Officers.
Since 1890, Federal Savings Bank has operated as a true community bank. The Bank offers a wide array of both personal and business banking services and recently introduced an online banking platform for business customers. For more information, call toll free at 1-800-462-2265, visit www.fsbdover.com or find us on Facebook at www.facebook.com/FederalSavingsBank.
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