Common Capital Inc.
Common Capital Inc. is an active SBA lender in Massachusetts, a bank offering SBA-guaranteed small-business loans. Currently rated 4.7 stars across 13 Google reviews.
$7M
in SBA approvals since 2012
55
SBA loans funded
Transportation & Trucking · Restaurants & Food Service · Medical Practices & Clinics
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Common Capital Inc.
Offering comprehensive financial services tailored to small businesses, this lender specializes in SBA loans to support business growth and development. With a focus on the Springfield community, they provide accessible funding options for entrepreneurs seeking capital for various needs, including expansion, equipment purchase, and working capital. Their experienced team guides clients through the loan process, ensuring clarity and support at every step. They are well-versed in SBA programs, including the 7(a) loan program, and have a history of approving substantial loan amounts, up to $99,000, to meet diverse business requirements. Whether you're a startup or an established enterprise, this lender aims to facilitate your business success with flexible financing solutions and personalized service.
Industries Common Capital Inc. finances
Business types Common Capital Inc. actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Common Capital Inc.
What is this place and what can I find here?
This is a financial institution offering SBA loans and small business financing services, helping entrepreneurs access capital for growth and development.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure personalized service, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
Typically, the hours are Monday through Friday, 9 am to 5 pm, but it’s best to confirm by contacting the branch directly.
Is there a fee to use this?
There may be application fees and closing costs associated with loans; these vary based on the specific loan program and amount.
Who is this open to — anyone, or only residents/members?
This lender primarily serves small business owners and entrepreneurs in the Springfield area, 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 640 is generally preferred, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Common Capital Inc. 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 Common Capital Inc. to confirm current weekend availability before you go.
How do I get there and where do I park?
Common Capital Inc. 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.
Who owns or operates this listing?
This page is an independent directory listing for Common Capital Inc., an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Common Capital Inc. itself, which runs its own lending under its own ownership. If you work at Common Capital Inc., you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Common Capital Inc. — 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 Common Capital Inc. before applying. If you represent Common Capital Inc., claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Common Capital Inc. by phone at 413-233-1680 or submit an inquiry via their contact form at commoncapitalma.org/contact-us/. Confirm current hours and specific services directly with them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Common Capital Inc. most often finances businesses in restaurants & food service, food manufacturing & processing, medical practices & clinics, and transportation & trucking. This reflects Common Capital Inc.'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 Common Capital Inc. 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 Common Capital Inc. participates in SBA Express depends on its specific SBA lending authority. Contact Common Capital Inc. 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?
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. Common Capital Inc. can confirm its current PLP standing — ask before you apply if speed matters to you.
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. Common Capital Inc.'s appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Common Capital Inc. 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 Common Capital Inc. 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 Common Capital Inc. 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 Common Capital Inc. 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. Common Capital Inc. weighs this case by case under its own policy, so be upfront about your history and ask Common Capital Inc. how it evaluates prior bankruptcies.
