Go Back
Report Abuse

Institution for Savings In Newburyport and its Vicinity

0 (0 Reviews)
photo-1485.jpg
photo-1485.jpg

Description

The Institution for Savings in Newburyport and its Vicinity offers comprehensive banking services tailored for small businesses seeking SBA financing options. With a focus on supporting local entrepreneurs, this bank provides SBA 7(a) loans to help fund expansion, working capital, and other business needs. Their experienced lending team is committed to guiding clients through the application process, ensuring a smooth experience from start to finish. Located conveniently at 93 State St in Newburyport, MA, they serve a broad range of industries, with particular strength in commercial real estate and construction projects. The bank’s flexible loan programs are designed to accommodate various business sizes and stages, making it an ideal partner for both new and established companies. They also offer personalized consultations to help clients understand eligibility and optimize their loan applications. Whether you’re looking for a small microloan or a larger SBA-backed financing, this institution is equipped to assist you in achieving your business goals.

Location

Review

Login to Write Your Review

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
4.7
Google Review Count
15
Question 1
What is this place and what can I find here?
Answer 1
This is a local commercial bank that offers SBA loan programs, including 7(a) loans, to support small business growth and expansion in the Newburyport area.
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 are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 4:00 PM, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting the bank; fees may apply for specific services or loan processing.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small businesses in the Newburyport region, but eligibility for SBA loans is based on business criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred, but specific requirements may vary based on the loan and applicant profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
Scroll to Top