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Haverhill Bank

Haverhill Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides SBA 7(a) loans, known for flexible terms and competitive rates, to help businesses access capital efficiently. Their team specializes in guiding clients through the loan process, ensuring clarity and support at every step. The bank’s expertise spans various industries, making it a reliable partner for entrepreneurs looking to leverage SBA programs for their business ambitions. They serve a broad geographic area, providing accessible funding options across the region. Whether you’re starting a new venture or expanding an existing one, Haverhill Bank is committed to helping you achieve your business goals with tailored financial solutions.

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Lender Type

Commercial Bank

Google Rating

2.8

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

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.

Question 2

Do I need an appointment or can I walk in?

Answer 2

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.

Question 3

What are the hours of operation?

Answer 3

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

Question 4

Is there a fee to use this?

Answer 4

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

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

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

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

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

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 application and completeness of documentation.

Haverhill Bank

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