Term Business Loans

Whether you are starting a new business or expanding an existing one, an American Savings Bank loan can help. If you need equipment, new vehicles, or more specialized needs, a term business loan can be customized to fit your objectives.

We offer competitive fixed interest rates and flexible terms—plus, the assets you purchase can usually secure the loan. And because decisions are made locally, you get quick answers for quick results. Talk to our loan experts today.

  • Competitive fixed interest rates
  • Flexible repayment schedules
  • Money provided as upfront lump sum
  • Local Southern Ohio decision-making
  • Expert, personalized service
  • Variety of special lending programs available
USDA Guaranteed Loan Programs

Small and growing businesses in rural areas can benefit from federal programs to secure financing for a wide range of purposes. These USDA programs are designed to stimulate growth in our economy. And American Savings Back can help you every steep of the way.

  • Special programs to make loans available
  • Low, competitive rates
  • Must be in designated rural area
  • Federal USDA program
  • Local service from American Savings Bank
  • Local decision-making
  • Use for fixed assets, working capital, real estate, refinancing debts, and much more

We can assist with multiple USDA programs including Business and Industry Guaranteed Loan Program (B&I Loans) and Rural Economic Development Loan and Grant (REDLG).

Ohio GrowNOW

We are proud to help local small businesses by servicing loans through the Ohio GrowNOW program. You may be eligible for a sizable interest rate reduction as you grow your business.

  • Receive up to 3% rate reduction on new or existing small business loans
  • Must create one job (or two part-time jobs) for every $50,000 borrowed
  • Innovative option for low-rate loan to fund growth
  • Program of the Ohio Treasury
  • Personal service every step of the way

Read more about Ohio GrowNOW details and eligibility, or come talk to a dedicated American Savings Bank business lending professional.

Eco-Link is a partnership between the State Treasurer of Ohio and participating state banks that provides a 3% interest rate reduction for five or seven years on bank loans when completing energy-efficient upgrades to your home.

  • Make your home more comfortable while saving valuable energy
  • Reduce your monthly energy bills
  • Add value to your property
  • Earn tax credits and rebates
  • Pre-approval available
  • Must be an Ohio resident to apply

Download an application and find participating contractors, eligible energy-efficient products, and qualification requirements by visiting ECOLink's website.


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