Finding the right financing solution for your business

Bank, their purpose was to help its members save money and make loans available to enable them to purchase homes and improve their condition.And while we are still dedicated to these original principles, our vision has expanded — including our commitment to help local businesses flourish through the addition of commercial lending products and services.Today, commercial lending is just one of the many ways we at Salem Co-operative Bank ensure local businesses have access to the banking services they need to grow.We work closely with businesses to understand their goals and help them make informed decisions about their financing needs.We are proud of the broad portfolio of lending products we offer with loan decisions made at the local level, competitive rates and flexible payment options.And we are lending! “Some banks say they make commercial loans; we really do,” said Ann Lally, president of Salem Co-operative Bank. “We understand that business owners have enough to do without having to jump over hurdles to get an approval. In today’s competitive business world, waiting weeks on end for a commercial loan approval is just not an option. Our team of experienced commercial lenders is committed to making the lending process easy, straightforward and timely for our customers.”Salem Co-operative Bank offers a robust portfolio of lending products and services including business lines of credit, term loans, commercial real estate loans, and government-assisted loans.Additionally, customers can take advantage of a full array of flexible business deposit products and services, including business checking and savings accounts.These options are designed to fit the individual needs of a business and offer a comprehensive array of tools and benefits such as remote deposit capture, business online banking and bill pay, merchant credit card services, business debit card and direct deposit. And of course there is a full complement of retail deposit products and mortgage services to fit the personal needs of our customers.EXPERIENCE, INTEGRITY, EXPERTISEOver the years, Commercial Lending Vice Presidents Bob Murphy and Bonnie Breen have built solid relationships with their business customers, resulting in lifelong affiliations and consistent referrals within the business communities they serve. While we won’t share the secret to their success, we can tell you that they are customer driven — taking a personal approach with each customer to understand their specific business goals, and identifying lending strategies and solutions.Breen and Murphy started their banking careers in 1976 and bring a combined 53 years of commercial lending experience to the table. While they are both responsible for providing the bank’s full range of commercial lending services, each has their own area of expertise — Breen in commercial real estate and construction lending, Murphy in commercial and industrial lending. Together they provide a well-rounded blend of expertise.With branches in Salem, N.H. and Methuen, Mass., it’s not uncommon to see Murphy and Breen out and about in those communities, dropping in to chat with a customer, attending community events and participating in fundraising activities.Business owners interested in hearing more about Salem Co-operative Bank’s commercial lending services may contact Bob or Bonnie directly at 603-893-3333 (Salem) or 978-682-1010 (Methuen).ABOUT SALEM CO-OPERATIVE BANKFounded in 1922, Salem Co-operative Bank serves individual and small businesses in Salem, N.H., Methuen, Mass. and their surrounding communities. Salem Co-operative Bank is committed to being the financial resource of choice for our customers by operating with integrity as an independent cornerstone of our communities. The Bank currently holds $405 million in assets. Salem Co-operative Bank is an Equal Housing Lender and a member of the FDIC. Salem Co-operative Bank is located at 3 South Broadway, Salem, N.H. and at 284 Merrimack Street, Methuen, Mass. For additional information about the bank, visit