South Shore Bank

This is a community-focused bank offering SBA loan programs, business financing, and personalized financial advice to support local small businesses.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with extended hours by appointment.

There are no fees for visiting; however, loan application fees and other charges may apply depending on the services used.

This bank primarily serves local residents and small businesses within the community, but non-residents may also access certain services.

Typically, a minimum personal credit score of 640 is preferred, though higher scores improve approval chances.

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

Most banks keep weekday business hours and are closed on weekends, and South Shore 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 South Shore Bank to confirm current weekend availability before you go.

South Shore 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.

This page is an independent directory listing for South Shore Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by South Shore Bank itself, which runs its own lending under its own ownership. If you work at South Shore Bank, you can claim this listing from this page to manage it.

The core details for South Shore 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 South Shore Bank before applying. If you represent South Shore Bank, claim this listing to keep its information up to date.

South Shore Bank can be reached by email at [email protected], in addition to phone at (781) 682-3715. Confirm details directly with the bank for SBA lending inquiries.

Based on its approved SBA loans, South Shore Bank most often finances businesses in construction & contractors, manufacturing, transportation & trucking, salons, spas & personal care, general retail, and cleaning, landscaping & janitorial. This reflects South Shore 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 South Shore Bank which sectors 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 South Shore Bank participates in SBA Express depends on its specific SBA lending authority. Contact South Shore 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. South Shore 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. South Shore Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask South Shore 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 South Shore 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 South Shore 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 South Shore 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. South Shore Bank weighs this case by case under its own policy, so be upfront about your history and ask South Shore Bank how it evaluates prior bankruptcies.