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BUSINESS BANKING

PAYROLL SERVICES

We utilize Automatic Data Processing, Inc. (ADP), a well recognized and well respected company that will provide complete payroll and tax reporting and management services to cover all your needs. You are of course free to us any provider of your choice.

MERCHANT CREDIT CARD SERVICES

We utilize Transfirst, one of the nations leading providers of secure transaction processing services and payment solutions. The pricing for these services is very competitive for our market area. You are of course free to use any provider of your choice.

COMMERCIAL REAL ESTATE LOANS

Loans available to acquire or refinance commercial property in our market area. First Mortgages only, must be guaranteed by each borrower and owner.

Terms up to 25 years, variable rates based on 3-year or 5-year T-Bill plus a margin.

Contact us for more information.

SECURED LINES OF CREDIT

Business Lines of credit for those times when cash flow is tight & short term working capital is needed.

Must be secured by tangible business assets with a UCC-1 filing or real estate. Rates variable based on the Prime Rate as published in the Wall Street Journal plus a margin.

Contact us for more information.

We also Offer:

 

CHELSEA BANK, 360 Broadway, PO Box 505687, Chelsea, MA 02150-5687
Phone: 617-884-5600 Fax: 617-884-2590