Municipal Financing
Our local expertise and flexible municipal financing options help municipalities in northern Vermont and northern New Hampshire run smoothly by providing the service and funds needed to make improvements and keep operations running, without interruption.
Municipal Lines of Credit
Keep operations running smoothly even when cash flow fluctuates. Union Bank offers a variety of bond financing alternatives. A municipal line of credit provides funds to bridge temporary gaps in cash flow and meet short-term expenses and offers flexibility with project timelines and other external factors. This is often useful as interim financing prior to, and in anticipation of, taxes or the receipt of grant or bond proceeds.
Municipal lines of credit include:
- Fixed or variable rates
- Flexible repayment options
- Interest paid monthly
Municipal Term Loans
A Union Bank Municipal Term Loan can help finance new equipment, make capital improvements to existing property or infrastructure, or finance the purchase of new property.
Using municipal loans to fund capital investments distributes the cost across current and future generations so that everyone who benefits from the improvement helps pay for it with their taxes.
Municipal term loans include:
- Fixed or variable rates
- Flexible terms based on the anticipated life of the equipment and/or your specific needs
- Flexible principal and interest payment plans
Connect with us for flexible, local banking
Stop by any of our branch locations, or contact a member of our Municipal Services Team below so we can discuss your day-to-day needs.
Morrisville, VT & Lincoln, NH
Tina Norton
St. Johnsbury, VT
Kory Cantin
Vermont & New Hampshire
Katie Bessette
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