Main Street Bank
Main Street Bank is an active SBA lender in Massachusetts, a bank offering SBA-guaranteed small-business loans. Currently rated 4.8 stars across 171 Google reviews.
About Main Street Bank
Main Street Bank offers comprehensive SBA lending solutions tailored to small businesses seeking financing options. With a focus on supporting local entrepreneurs, the bank provides various loan programs including the popular 7(a) and 504 loans. Whether you're looking to expand your operations, purchase equipment, or acquire real estate, this institution is equipped to assist with flexible financing solutions. Their experienced team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. The bank prides itself on personalized service and quick turnaround times, making it a reliable partner for small business growth. Located in Marlborough, MA, the bank serves a broad range of industries, with particular strength in environmental services as indicated by their primary NAICS code 562111. They support businesses across the nation, aiming to foster economic development and entrepreneurship in diverse sectors.
Industries Main Street Bank finances
Business types Main Street Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Main Street Bank
What is this place and what can I find here?
This is a trusted SBA lender offering small business loans such as 7(a) and 504, providing personalized support for entrepreneurs nationwide.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
Main Street Bank's Marlborough office operates Monday–Thursday 8:00 AM to 5:00 PM and Friday 8:00 AM to 6:00 PM. Hours vary by branch, so confirm with your local branch before visiting.
Is there a fee to use this?
There are no fees for consultation; however, loan applications may involve standard processing and closing costs.
Who is this open to — anyone, or only residents/members?
This lender serves small businesses nationwide, regardless of residency, provided they meet the qualification criteria.
What minimum personal credit score does this bank look for in a guarantor?
Typically, a minimum credit score of 650 is preferred for guarantors to qualify for SBA loans.
How long does the traditional underwriting process take from start to close?
The underwriting process usually takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Main Street Bank offers Saturday service at select branches from 8:00 AM to 12:00 PM. Confirm with your local branch if Saturday hours are available.
How do I get there and where do I park?
Main Street 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.
Who owns or operates this listing?
This page is an independent directory listing for Main Street Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Main Street Bank itself, which runs its own lending under its own ownership. If you work at Main Street Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Main Street 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 Main Street Bank before applying. If you represent Main Street Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Main Street Bank by phone at (508) 481-8300 or online at bankmainstreet.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 Main Street Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Main Street Bank most often finances businesses in construction & contractors, restaurants & food service, manufacturing, cleaning, landscaping & janitorial, and general retail. This reflects Main Street 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 Main Street Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Main Street Bank participates in SBA Express depends on its specific SBA lending authority. Contact Main Street Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. Main Street Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. Main Street Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Main Street Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Main Street Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 Main Street Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 Main Street Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Main Street Bank weighs this case by case under its own policy, so be upfront about your history and ask Main Street Bank how it evaluates prior bankruptcies.
