East Cambridge Savings Bank

This is a community-focused bank offering small business loans, personal banking, and financial services to support local entrepreneurs and residents.

It's recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.

East Cambridge Savings Bank operates Monday–Friday from 8:00 AM to 6:00 PM and Saturday from 8:30 AM to 1:00 PM; confirm these hours directly with the bank.

There are no fees for basic banking services; specific loan application fees may apply depending on the product.

This bank primarily serves residents and small business owners within the community, but membership and eligibility criteria apply.

A minimum personal credit score of 650 is generally preferred, though other factors are also considered.

The underwriting process typically takes 2 to 4 weeks, depending on the complexity of the loan and completeness of documentation.

Yes, East Cambridge Savings Bank is open on Saturday from 8:30 AM to 1:00 PM; confirm whether SBA lending staff are available on Saturdays.

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

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

Contact East Cambridge Savings Bank by phone at (617) 551-2454 or email customerservice@ecsb.com; confirm the best channel for your SBA loan inquiry.

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