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Pentucket Bank

Offering comprehensive SBA lending services, this financial institution specializes in providing small business loans to support growth and development. With a focus on the 7(a) loan program, it helps entrepreneurs access capital for various needs including working capital, equipment, and expansion projects. The bank’s experienced team guides clients through the application process, ensuring clarity and efficiency. Located in Haverhill, MA, it serves local businesses with personalized financial solutions. The bank has a strong record of approving loans up to $508,000, demonstrating its capacity to support small to medium-sized enterprises. Whether you’re starting a new venture or expanding an existing one, this lender offers tailored financing options to meet your goals. Its commitment to small business success is evident through its dedicated SBA program support and flexible lending criteria.

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Lender Type

Commercial Bank

Google Rating

4.6

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Question 1

What is this place and what can I find here?

Answer 1

This is a bank that offers SBA loan programs to help small businesses secure financing for growth, expansion, or startup needs. You can find personalized support, loan options, and guidance through the application process. The bank specializes in SBA 7(a) loans and has a proven track record of approving substantial amounts to support local businesses.

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 loan officer, but walk-ins are also welcome during business hours. Calling ahead can help prepare your documentation and streamline the process.

Question 3

What are the hours of operation?

Answer 3

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It is advisable to call ahead for specific appointment times or to confirm hours during holidays.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting or consulting with the bank, but loan applications and processing may include applicable fees such as application or closing costs. These are disclosed upfront during the loan process.

Question 5

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

Answer 5

This bank primarily serves small business owners in the Haverhill area and surrounding regions. Business eligibility depends on meeting loan criteria and local residency or operational presence.

Question 6

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

Answer 6

A minimum personal credit score of around 640 is typically required, though higher scores improve approval chances. The bank considers overall creditworthiness and business stability.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process usually takes between 30 to 60 days, depending on the completeness of your application and the complexity of the loan. Prompt submission of required documents can help expedite approval.

Pentucket Bank

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