Celebrating 150 years in business, Ambler Savings Bank remains a paradigm of support for local businesses, offering a wide array of lending options tailored to meet the diverse needs of entrepreneurs and business owners.

From lines of credit to more structured term loans, the bank’s comprehensive approach to business lending is designed to foster growth, stability, and innovation within the community.

Tailored Business Lending Solutions

Ambler Savings Bank’s business lending suite is designed to cater to businesses at various stages of their development. Whether a company is in its nascent phase, looking to expand its operations, or aiming to stabilize its cash flow, the bank offers a range of financial products to address these needs:

• Lines of Credit: An LOC is a flexible financing solution that provides businesses with access to funds as needed, up to a predetermined limit. This option is particularly beneficial for managing cash flow, covering short-term expenses, or seizing unexpected business opportunities. With a revolving line of credit, businesses can borrow, repay, and borrow again, making it a versatile tool for financial management.
• Term Loans: For businesses planning significant investments, such as purchasing equipment, expanding facilities, or funding large projects, term loans provide the necessary capital. These loans come with fixed repayment schedules and interest rates, allowing businesses to plan their finances with greater certainty.
• Commercial Real Estate Loans: Ambler Savings Bank also offers specialized loans for purchasing, refinancing, or renovating commercial real estate. These loans are tailored to meet the unique requirements of real estate transactions, ensuring that businesses can secure the properties they need for growth and expansion.
• Small Business Administration Loans: Recognizing the vital role of small businesses in the local economy, Ambler Savings Bank collaborates with the SBA to offer government-backed loans. These loans typically feature favorable terms and lower down payments, making them accessible to a broader range of businesses.

Local Business Partners

An example of Ambler Savings Bank’s impact on the local business community is its partnership with Taqueria Cresta, a new Mexican restaurant in the East Falls neighborhood of Philadelphia.

Taqueria Cresta owner Mike Murphy, a Whitemarsh native who has spent the majority of his career in the restaurant business, needed a community-based lender and advocate in his corner to see his dream to fruition. He contacted Helen Graner, a Commercial Lending Officer at Ambler Savings Bank, to secure a loan to purchase the building. After applying and working one-on-one with Graner, the loan was successfully funded in July 2021. A year later, Murphy closed on a construction loan to start on renovations.

Murphy endured setbacks from the rising cost of supplies and labor, as well as from city permitting, which ultimately took over two years before the grand opening was realized, and he praises Graner for her pivotal role in the process.

“Honestly, I don’t think the loan would have gone through if I didn’t have her fighting for me,” he said. “She’s the reason we’re in business right now. I’ve even referred several of my friends to Helen because of the incredible experience I had with her.”

“My advice to anyone considering an SBA loan is to start the process early, use resources available to you, and call on your local community bank for guidance,” said Graner. 

Supporting Economic Development

The bank’s impact on the local economy extends beyond individual businesses. By providing accessible financing options, the bank plays a crucial role in supporting economic development and job creation in the region. The success stories of businesses like Taqueria Cresta demonstrate how strategic lending can drive growth and prosperity within the community.

Ambler Savings Bank provides quality banking products and services and generously contributes to nonprofits committed to enhancing the quality of life and supporting education, youth development, and affordable housing within local communities. Learn more at Ambler Savings Bank.

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