Martha’s Vineyard Bank

This is a community-focused bank that offers SBA loan programs and personalized financial services to small businesses. You can find support for growth, expansion, and operational needs, along with expert guidance throughout the application process.

It's recommended to schedule an appointment to ensure dedicated time with a lending specialist, but walk-ins may also be accommodated depending on availability. Contact the branch ahead of your visit for the best experience.

The branch is typically open Monday through Friday from 9:00 AM to 4:00 PM. It's advisable to call ahead to confirm hours or schedule an appointment outside regular hours.

There are no fees to access basic banking services, but loan processing and application fees may apply depending on the specific SBA loan program and terms.

This bank primarily serves residents and small business owners in the Edgartown area and surrounding communities. Eligibility for specific programs may depend on location and business type.

While specific requirements can vary, a minimum personal credit score of around 650 is generally preferred for SBA loan guarantors, but stronger scores improve approval chances.

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

Most banks keep weekday business hours and are closed on weekends, and Martha’s Vineyard 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 Martha’s Vineyard Bank to confirm current weekend availability before you go.

Martha’s Vineyard Bank is located at the address listed on this page — 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 Martha’s Vineyard Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Martha’s Vineyard Bank itself, which runs its own lending under its own ownership. If you work at Martha’s Vineyard Bank, you can claim this listing from this page to manage it.

The core details for Martha’s Vineyard 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 Martha’s Vineyard Bank before applying. If you represent Martha’s Vineyard Bank, claim this listing to keep its information up to date.

You can reach Martha’s Vineyard Bank by phone at (508) 627-4266 or online at mvbank.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 Martha’s Vineyard Bank before relying on them.

Like most SBA lenders, Martha’s Vineyard Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Martha’s Vineyard Bank directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Martha’s Vineyard Bank participates in SBA Express depends on its specific SBA lending authority. Contact Martha’s Vineyard Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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. Martha’s Vineyard 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. Martha’s Vineyard Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Martha’s Vineyard 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 Martha’s Vineyard 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 Martha’s Vineyard 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 Martha’s Vineyard 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. Martha’s Vineyard Bank weighs this case by case under its own policy, so be upfront about your history and ask Martha’s Vineyard Bank how it evaluates prior bankruptcies.