Centreville Bank

This is a commercial bank that provides SBA loan services, including the 7(a) program, to small and medium-sized businesses. You can find personalized financial support, loan application assistance, and funding options tailored to your business needs.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability. Calling ahead is advised for the best experience.

The West Warwick branch lobby is open Monday–Thursday 8:30 AM–4:00 PM, Friday 8:30 AM–6:00 PM, and Saturday 9:00 AM–1:00 PM. Drive-up/walk-up ITMs are available Monday–Friday 7:00 AM–7:00 PM and Saturday 9:00 AM–1:00 PM; confirm specific hours with Centreville Bank.

There may be application and processing fees associated with SBA loans, which vary depending on the loan size and terms. These fees are disclosed during the application process.

This bank primarily serves local businesses and residents in the region, but SBA loan eligibility is based on business qualifications rather than residency alone.

Typically, a minimum personal credit score of 650 is preferred, but the actual requirement may vary based on the loan specifics and borrower profile.

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

Yes, the West Warwick branch is open Saturdays from 9:00 AM to 1:00 PM for both lobby and ITM services; confirm holiday hours with Centreville Bank.

Centreville Bank is located in Rhode Island — 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 Centreville Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Centreville Bank itself, which runs its own lending under its own ownership. If you work at Centreville Bank, you can claim this listing from this page to manage it.

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

You can reach Centreville Bank by phone at (401) 827-5110 or online at centrevillebank.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 Centreville Bank before relying on them.

Based on its approved SBA loans, Centreville Bank most often finances businesses in hotels & lodging, restaurants & food service, manufacturing, construction & contractors, childcare & early education, and food manufacturing & processing. This reflects Centreville 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 Centreville 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 Centreville Bank participates in SBA Express depends on its specific SBA lending authority. Contact Centreville 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. Centreville 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. Centreville Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Centreville 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 Centreville 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 Centreville 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 Centreville 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. Centreville Bank weighs this case by case under its own policy, so be upfront about your history and ask Centreville Bank how it evaluates prior bankruptcies.