MutualOne Bank
MutualOne Bank is an active SBA lender in Massachusetts, a bank offering SBA-guaranteed small-business loans. Currently rated 3.6 stars across 19 Google reviews.
$33M
in SBA approvals since 2010
131
SBA loans funded
General Retail · Restaurants & Food Service · Construction & Contractors
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About MutualOne Bank
MutualOne Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides various SBA loan programs including 7(a), which is ideal for a wide range of business purposes such as working capital, equipment purchase, or real estate acquisition. Their team of experienced lenders works closely with clients to understand their unique needs and craft suitable financing solutions. Located in Framingham, Massachusetts, the bank has a strong local presence and a commitment to supporting small business success in the region. They facilitate loans up to $50,000, making them accessible for small-scale projects or startups. MutualOne Bank emphasizes quick turnaround times and flexible terms to help businesses get the funding they need efficiently. Their SBA program history reflects a solid track record of supporting small business growth through the 7(a) loan program, known for its versatility and favorable terms. Whether you're looking to expand your operations or manage cash flow, MutualOne Bank is equipped to assist with tailored SBA lending options.
Industries MutualOne Bank finances
Business types MutualOne Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about MutualOne Bank
What is this place and what can I find here?
This is a bank that offers SBA loan programs and small business financing solutions, helping entrepreneurs secure funding for growth and operational needs.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment for personalized service, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
MutualOne Bank's Framingham branch is open Monday–Friday 8:30 AM–4:30 PM and Saturday 9:00 AM–Noon. Contact (508) 820-4000 to confirm current hours.
Is there a fee to use this?
There are fees associated with SBA loans, including origination and closing costs, which vary based on the specific loan terms.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners in the Massachusetts region, but eligibility depends on meeting loan criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 650 is generally preferred for SBA loan applicants.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and documentation.
Is this open on weekends?
Yes, MutualOne Bank's Framingham branch is open Saturday 9:00 AM–Noon, but is closed Sundays. Confirm weekend hours at (508) 820-4000.
How do I get there and where do I park?
The Framingham location at 828 Concord Street offers free parking. For details on accessible parking and entrance, contact (508) 820-4000.
Who owns or operates this listing?
This page is an independent directory listing for MutualOne Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by MutualOne Bank itself, which runs its own lending under its own ownership. If you work at MutualOne Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for MutualOne 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 MutualOne Bank before applying. If you represent MutualOne Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach MutualOne Bank at (508) 820-4000 or submit an SBA loan inquiry through their online form at https://www.mutualone.com/contact-form/. Confirm SBA product availability with MutualOne directly.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, MutualOne Bank most often finances businesses in restaurants & food service, construction & contractors, general retail, manufacturing, transportation & trucking, and consulting & management. This reflects MutualOne 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 MutualOne 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 MutualOne Bank participates in SBA Express depends on its specific SBA lending authority. Contact MutualOne 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?
MutualOne Bank is a SBA Preferred Lender, providing expedited loan decisions on government-backed solutions. Verify current PLP status and terms with the Framingham branch at (508) 820-4000.
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. MutualOne Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask MutualOne 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 MutualOne 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 MutualOne 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 MutualOne 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. MutualOne Bank weighs this case by case under its own policy, so be upfront about your history and ask MutualOne Bank how it evaluates prior bankruptcies.
