Dean Co-operative Bank

This is a community-focused bank offering SBA lending services, personal banking, and financial support for small businesses in Franklin and nearby areas.

It is recommended to schedule an appointment to ensure dedicated assistance, but walk-in services may be available during business hours.

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

Fees depend on the specific banking services or loans; details are provided during the application process.

This bank primarily serves residents and small businesses within the Franklin community and surrounding areas.

A minimum credit score of approximately 640 is generally required, though it can vary based on the loan and applicant profile.

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

Most banks keep weekday business hours and are closed on weekends, and Dean Co-operative 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 Dean Co-operative Bank to confirm current weekend availability before you go.

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

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

You can reach Dean Co-operative Bank by phone at (508) 528-0088, by email at info@deanbank.com, or through their online contact form at deanbank.com/about/contact/. For SBA loans, confirm details directly with them.

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