Financial Resources Blog

Let's Keep it Local!

Blog

Using a Commercial Mortgage as a Tool to Grow Your Business

As a business owner, you may consider leasing or acquiring a commercial property to manage your company. While leasing can be a convenient and quick possibility, many business owners favor having their own space. Similar to a personal mortgage loan used to buy residential homes, companies can use a commercial mortgage loan to purchase a...

Mechanics Cooperative Bank Receives $100,000 Grant to Support Local Small Businesses Impacted by COVID-19

Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are pleased to announce they have been awarded a $100,000 grant through the Jobs for New England Recovery Program by the Federal Home Loan Bank of Boston (FHLB) to be used in direct support of local small businesses impacted by COVID-19.  The $100,000 in funds Mechanics...

3 Reasons You Should Invest in Property for Your Business with a Commercial Mortgage

Investing in property can be a smart move for your business’ financial health and can also help boost the financial standing of your business. As a business owner, one of the most important decisions you can make is applying for a commercial mortgage to purchase commercial property for your business.

4 Essential Banking Tips for Small Businesses

For small businesses, it’s crucial to establish a system that will help you manage your company's finances efficiently. Opening a business account with a trusted financial institution is one of the most important steps. Whether it's business accounts, a loan, credit monitoring, or just daily deposits, you should work closely with a financial...

$39 Million in Paycheck Protection Program Small Business Loans Processed by Mechanics Cooperative Bank

TAUNTON, MASSACHUSETTS: The Mechanics Cooperative Bank Board of Directors and Executive Leadership Team are proud to report our business lending team was hard at work this entire weekend supporting our small business customers and the local small business community as a whole. We are proud to report that we have underwritten 170 Small Business...

Recent Posts