FDIC Insured – Backed by the full faith and credit of the US Government
Business Lending
Whether you’re expanding, upgrading equipment, or managing cash flow, we’re here to help. Mechanics Cooperative Bank offers flexible business lending solutions designed to support your goals and move your business forward.
Commercial Mortgages
Competitive fixed or variable rates available
Term Loans
For equipment purchases or long term financing needs
Letters/Lines of Credit
Designed to help cover cycles in your business
SBA Lending
Express, Patriot Express and 504 loan programs
Overdraft Protection Line of Credit
Up to $10,000 for qualified applicants
However you like to bank, Mechanics Cooperative Bank has the perfect solution.
Sweeps Overdraft Protection
To comply with new federal regulations, the Bank will be collecting additional information from our business customers that will include ownership and control person identification. This information will be used to help the government fight financial crime and the rule requires U.S. financial institutions to obtain, verify, and record information about the beneficial owners of legal entity customers. Legal entities can be abused to disguise involvement in terrorist financing, money laundering, tax evasion, corruption, fraud, and other financial crimes.
Requiring the disclosure of key individuals who own or control a legal entity helps law enforcement investigate and prosecute these crimes. We ask that you please have this information ready when you come in to open your account. We appreciate your business and thank you for your cooperation. Please contact us directly with any questions.