Dedham Institution for Savings

This is a local bank offering SBA loan programs designed to help small businesses access funding for growth, equipment, and operational needs. You can find personalized financial services and expert guidance to navigate the SBA lending process. They focus on supporting small businesses in the Dedham area with tailored loan options and local market expertise.

It is recommended to schedule an appointment to meet with a loan officer, but walk-in consultations may be available depending on staffing. Calling ahead ensures you receive dedicated time and personalized assistance for your SBA loan application.

The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It is advisable to contact the branch directly for specific hours or to schedule an appointment outside regular hours if needed.

There are no fees for simply visiting or consulting; however, loan processing and application fees may apply depending on the loan terms. These fees are disclosed upfront during the application process.

This bank primarily serves residents and small business owners within the local community. Non-residents may be eligible if they meet certain criteria and have a business operating in the area.

A minimum personal credit score of 640 is generally recommended, though higher scores can improve the likelihood of approval and better loan terms.

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

Most banks keep weekday business hours and are closed on weekends, and Dedham Institution for Savings 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 Dedham Institution for Savings to confirm current weekend availability before you go.

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

The core details for Dedham Institution for Savings — 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 Dedham Institution for Savings before applying. If you represent Dedham Institution for Savings, claim this listing to keep its information up to date.

You can reach Dedham Institution for Savings by phone at (781) 329-6700 or online at dedhamsavings.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 Dedham Institution for Savings before relying on them.

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