Business Loans

As a business owner, you’re always looking for new opportunities to expand and grow your business. Ulster Savings has flexible financing options to help you figure out everything from acquiring a business to purchasing a new building, equipment or funding seasonal working capital. Whatever stage your business is in, we can help you choose the correct business loan, line of credit, or real estate financing that fits your needs.

We strive to understand each customer’s vision of his or her unique business. Our decisions aren’t made from a main location hundreds of miles away, with no understanding of the local issues. Our decision makers live and work right here in the Hudson Valley.

With the ability to provide flexibility, our Commercial Bankers will suggest a course of action that works for you and your business. Feel free to contact us at for more information about our commercial lending solutions.

Click here for COVID-19: Business Loan Payment Deferral Request.

Click here for the latest business related COVID-19 updates.

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Financial Education

Obtaining Business Credit

Learn how a small business can build and maintain good credit and apply for business loans.

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Real Estate Owned

We also offer bank owned real estate properties. For more information on a specific property please contact the broker listed for that property.

Current Listings
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Financial Education

Using Businesses Credit

Learn about the types of financing options available to small businesses.

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Business and Commercial Bankers

Talk to one of US today. We can help turn your business challenges into hardworking solutions. 866-440-0391 or

Ulster County Area

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Steve Hack

Ext. 3420

I enjoy partnering with small business owners, real estate investors, and various non-profit organizations within the Hudson Valley region to develop creative financial solutions and business opportunities. I have been with Ulster Savings Bank since 1991 and have served as a Commercial Loan Officer for the past 18 years. I’m a 1991 graduate of Purdue University and live in Kingston with my wife and four children.

Ulster, Greene, Columbia and Northern Dutchess Areas

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John Klassen

Ext. 3279

With over 20 years in banking, I specialize in tailoring solutions for intergenerational family businesses in construction, distribution, and manufacturing. I help businesses define and exceed their goals to become industry leaders. A 1987 graduate of the Virginia Military Institute with a BA in Economics, I’ve served as an officer in the US Army for 5 years. I look forward to meeting you.

Dutchess County Area

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Donna Goodall

Ext. 6415

As a life-long Dutchess County resident with 30+ years in banking, I have developed a deep understanding and knowledge of the needs of businesses in the Hudson Valley.  I have worked with many businesses to help them grow to the next level and to maintain a sustainable business that can be passed on to the next generation. I work hard to help our clients achieve their goals and I truly enjoy watching businesses succeed.  I provide guidance through the process and will be here to answer any questions you have!

Orange, Rockland, and Sullivan County Areas

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Lisa Echevarria

Cell: 845-332-5101

In addition to my 29 years of banking experience and commercial lending experience in the Hudson Valley, I hold a Bachelor of Finance Degree from New York University. I work hard to help my business customers meet their goals, whether it’s to grow or expand their business, or start up a new venture altogether. I truly enjoy assisting my business customers achieve success and I strive to provide great customer service and guidance throughout the process.

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Steven Drobysh

Ext. 6302
Cell: 914-799-4800

I have been a commercial lender in the Mid-Hudson Valley for over 30 years. Over this time, I have developed a specialty in government-guaranteed lending programs. In 2012, I received the Small Business Administration (SBA) New York Metro District and the Northeastern Regional Financial Services Champion Award. If you're looking to start a business or grow your existing business, I'll work to find a program for you!

Westchester & Rockland County Areas

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Anique Morrison

Cell: 845-303-4201

An Ulster Savings Bank employee for 17 years, I’m a banking professional with a strong commercial credit background in Commercial Real Estate and Commercial and Industrial Lending. My experience level has been augmented by professional training at the American Bankers Association National Commercial Lending School (at Southern Methodist University) as well as  Financial Management Certification from Cornell University. As a lifelong Hudson Valley resident, I possess a strong working knowledge of the local economic environment and use that knowledge to better serve my business customers.

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Fair Lending/Fair Housing Statement

Ulster Savings Bank is committed to making high quality banking and credit services available to all applicants consistently and in compliance with fair lending and fair housing laws and within the confines of safe and sound banking practices.  Ulster Savings Bank believes that its commitment to fair lending and fair housing is a good business practice as well as a basic responsibility of the company.  The Bank's success at serving a wide range of consumer and business customers is essential to the economic welfare of the community in which it conducts business and to the continued growth and vitality of the company.

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