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Small Business Loans

Get the Financial
Solution You Need
To Take
Your Business
to the
Next Level
Running a small business is no easy task. From managing daily operations to planning for growth, small business owners wear many hats.

At Chemung Canal, we understand the unique challenges you face. That’s why our Small Business Banking Specialists are here to provide the expertise, resources, and financial solutions to help your business move forward.

Our Small Business Loans offer up to $500,000 for a variety of business needs. Chemung Canal proudly participates in loan programs such as the U.S. Small Business Administration (SBA) program, which provides guaranteed loans for working capital, equipment purchases, and real estate projects like construction, renovation, or acquisition.

Benefits

  • Payments are automatically deducted from a Canal Bank checking or savings account
  • Saves time and money
  • Competitive rates
  • Quick turnaround time for decision and closing


Apply for a small business loan at any of our branches or contact one of our Small Business Loan Specialists today by phone at 800-836-3711 and let us know how we can help move your business forward. 

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  • Invest in major purchases such as plant or office equipment, computer systems, vehicles, or machinery
  • Fixed interest rates
  • Maximum seven-year term
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  • Access funds immediately for working capital, funding accounts receivable, and inventory turnover
  • Variable interest rates; adjusted daily
  • Interest-only payments
  • Three-year renewal period; no out-of-debt period
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  • Provide overdraft protection for a Chemung Canal deposit account
  • $1,000 to $10,000
  • Three-year term
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  • Purchase or expand commercial and multi-family property
  • Interest rate fixed for the first five years, then adjustable every five years thereafter
  • Maximum 20-year term
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  • Just like a home equity line of credit, but on a commercial/multi-family property
  • Variable interest rate; adjusted daily
  • Five-year draw period followed by a five-year renewal period or termed out
  • Monthly payments based on a 15-year amortization
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© 2025 Chemung Canal Trust Company. All rights reserved.
ABA Routing Transit #: 021301115
Toll-free: 800-836-3711

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