Go Back
Report Abuse

Northern Bank and Trust Company

photo-51.jpg
photo-51.jpg

Description

Northern Bank and Trust Company offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on small business needs, it provides a range of loan options including the SBA 7(a) program, which is ideal for working capital, equipment, or real estate purchases. The bank emphasizes personalized service, guiding clients through the application process to ensure they meet their funding goals. Located in Woburn, Massachusetts, the bank leverages its regional expertise to support local entrepreneurs and businesses across various industries. Its experienced lending team works closely with borrowers to understand their unique needs and structure loans accordingly. The bank also offers flexible terms and competitive rates, making it a trusted partner for small business financing. Whether you’re starting a new venture or expanding an existing one, Northern Bank and Trust Company aims to provide accessible funding solutions to help your business succeed. The bank maintains a strong commitment to community development and fostering economic growth within its service area, ensuring that small businesses have the resources they need to thrive.

Location

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
5
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that provides SBA loan programs and small business financing solutions to support local entrepreneurs and growing businesses.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to meet with a lending specialist, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank"s typical hours are Monday through Friday, 9 am to 5 pm, but it"s best to contact the branch directly for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting the bank; however, loan processing and application fees may apply depending on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs in the Massachusetts region, but eligibility for loans depends on meeting specific criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is generally preferred, but the exact requirement may vary based on the loan type and applicant profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the completeness of the application and documentation provided.
Scroll to Top