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Martha’s Vineyard Bank

Martha’s Vineyard Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a strong focus on community banking, it provides personalized service and flexible loan options to meet diverse business requirements. The bank specializes in SBA 7(a) loans, which can be used for a variety of purposes including working capital, equipment purchase, and real estate acquisition. Its experienced lending team guides clients through the application process, ensuring clarity and support at every step. Whether you’re a startup or an established business, Martha’s Vineyard Bank is committed to helping local entrepreneurs succeed by providing accessible financing solutions and expert advice. The bank maintains a strong reputation for customer service and community involvement, making it a trusted partner for small business owners in the region.

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Lender Type

Commercial Bank

Google Rating

2.5

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

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.

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 lending specialist, but walk-ins may also be accommodated depending on availability. Contact the branch ahead of your visit for the best experience.

Question 3

What are the hours of operation?

Answer 3

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.

Question 4

Is there a fee to use this?

Answer 4

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.

Question 5

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

Answer 5

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.

Question 6

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

Answer 6

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.

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 loan and completeness of the application.

Martha’s Vineyard Bank

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