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Avidia Bank

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Description

Avidia Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides various loan options including SBA 7(a) programs, which are ideal for working capital, equipment, or real estate purchases. Their experienced team guides clients through the application process, ensuring clarity and efficiency. Located in Hudson, MA, the bank emphasizes community banking with a strong commitment to local businesses. They support a wide range of industries, with particular strength in manufacturing and retail sectors. The bank’s SBA program history showcases a solid track record of facilitating loans up to $1,300,000, helping small businesses access capital with favorable terms. Whether you’re a startup or an established enterprise, Avidia Bank aims to foster business growth through flexible financing options and dedicated customer service.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.3
Google Review Count
71
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and personalized financial services to small businesses in the Hudson area and beyond.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There may be application and processing fees associated with SBA loans, which vary depending on the loan specifics.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is primarily open to small businesses and entrepreneurs in the Hudson area and surrounding regions.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally recommended for SBA loan qualification.
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 complexity of the loan and completeness of documentation.
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