Business Loans and Lines of Credit

Andover Bank provides loans to local businesses both small and large. Whether you are looking for a new commercial building, to expand your current facility, to buy equipment or the need for working capital, Andover Bank has the experience and products to assist with your business financing needs.

Andover Bank participates in the following U.S. Small Business Administration loan programs: 7(a) Guaranty Loan Program, SBA Express, Patriot Express, and CDC/504 SBA Loan Program. Additionally, the bank participates with the Ashtabula County 503 Corporation loan program.

The bank also supports the local communities by providing financing for churches, non-profits, townships, villages, and cities in our area.

Click Here to download our Automated Personal Financial Statement. Note: You must have Microsoft Excel to view this file. Please contact Tom Hough to request a secure email link for submission.

For additional information, please Click Here or contact Tom Hough at 440-293-7605, ext. 108.

Mr. Thomas Hough has over 20 years banking experience in commercial lending.  Tom has been with The Andover Bank since 2011 and is the Vice President of Commercial Lending.  He is a 1993 graduate of Akron University, with a B.S. in Finance.

Tom serves on Ashtabula County Medical Center Board, as well as the Finance Committee Chair for the ACMC Foundation Board.  He is also active in the Ashtabula Growth Partnership Organization and the Mentor Rotary Club.