Haverhill Bank

This is a financial institution offering SBA loan programs and business financing solutions designed to help small and medium-sized businesses grow. You can find information about loan options, application processes, and personalized support tailored to your business needs. The staff is experienced in guiding clients through the SBA lending process to ensure a smooth experience.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins are also welcome during business hours. Calling ahead can help you prepare and make the process more efficient.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. Appointments outside regular hours can be arranged upon request.

There are application and service fees associated with SBA loans, which are disclosed upfront. The exact fees depend on the loan size and type.

This bank primarily serves small business owners and entrepreneurs within the region, but eligibility depends on meeting specific loan criteria rather than residency alone.

A minimum personal credit score of 620 is generally required, though higher scores improve approval chances.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Haverhill Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Haverhill Bank to confirm current weekend availability before you go.

Haverhill Bank is located in Massachusetts — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Haverhill Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Haverhill Bank itself, which runs its own lending under its own ownership. If you work at Haverhill Bank, you can claim this listing from this page to manage it.

The core details for Haverhill Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Haverhill Bank before applying. If you represent Haverhill Bank, claim this listing to keep its information up to date.

You can reach Haverhill Bank by phone at (978) 374-0161 or online at haverhillbank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Haverhill Bank before relying on them.

Based on its approved SBA loans, Haverhill Bank most often finances businesses in construction & contractors, restaurants & food service, cleaning, landscaping & janitorial, automotive repair & services, and medical practices & clinics. This reflects Haverhill Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Haverhill Bank which sectors it actively lends to before you apply.

Haverhill Bank is a Designated SBA Lender providing SBA Express loans. Contact them at (978) 374-0161 to discuss SBA Express options and confirm current program availability.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Haverhill Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Haverhill Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Haverhill Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Haverhill Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Haverhill Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Haverhill Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Haverhill Bank weighs this case by case under its own policy, so be upfront about your history and ask Haverhill Bank how it evaluates prior bankruptcies.