Fall River Five Cents Savings Bank d/b/a BankFive

This is a community-focused bank offering small business loans, including SBA financing options, to support local entrepreneurs and business growth in Fall River and beyond.

It's recommended to schedule an appointment to discuss your financing needs, but walk-ins are also welcome during business hours.

Fall River Five Cents Savings Bank d/b/a BankFive's Corporate Office is open 9:00 AM to 4:00 PM Monday through Thursday and 9:00 AM to 5:00 PM on Friday. Please confirm these hours with the bank.

There are fees associated with certain loan products, but these are clearly disclosed during the application process.

This bank primarily serves local residents and small business owners within the community.

A minimum personal credit score of 620 is generally required.

The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of your application and documentation.

Fall River Five Cents Savings Bank d/b/a BankFive's Corporate Office does not operate on weekends. Please confirm with the bank.

Fall River Five Cents Savings Bank d/b/a BankFive offers on-street parking or a dedicated customer parking lot at 141 N Main Street adjacent to the branch entrance. Please confirm current parking availability with the bank.

This page is an independent directory listing for Fall River Five Cents Savings Bank d/b/a BankFive, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Fall River Five Cents Savings Bank d/b/a BankFive itself, which runs its own lending under its own ownership. If you work at Fall River Five Cents Savings Bank d/b/a BankFive, you can claim this listing from this page to manage it.

The core details for Fall River Five Cents Savings Bank d/b/a BankFive — 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 Fall River Five Cents Savings Bank d/b/a BankFive before applying. If you represent Fall River Five Cents Savings Bank d/b/a BankFive, claim this listing to keep its information up to date.

You can reach Fall River Five Cents Savings Bank d/b/a BankFive by phone at (774) 888-6100 or email the Branch Manager at Krystal.lopes@bankfive.com. Please confirm current contact details with the bank.

Based on its approved SBA loans, Fall River Five Cents Savings Bank d/b/a BankFive most often finances businesses in construction & contractors, general retail, manufacturing, restaurants & food service, automotive repair & services, and salons, spas & personal care. This reflects Fall River Five Cents Savings Bank d/b/a BankFive'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 Fall River Five Cents Savings Bank d/b/a BankFive 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 Fall River Five Cents Savings Bank d/b/a BankFive participates in SBA Express depends on its specific SBA lending authority. Contact Fall River Five Cents Savings Bank d/b/a BankFive 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. Fall River Five Cents Savings Bank d/b/a BankFive 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. Fall River Five Cents Savings Bank d/b/a BankFive's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Fall River Five Cents Savings Bank d/b/a BankFive 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 Fall River Five Cents Savings Bank d/b/a BankFive 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 Fall River Five Cents Savings Bank d/b/a BankFive 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 Fall River Five Cents Savings Bank d/b/a BankFive 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. Fall River Five Cents Savings Bank d/b/a BankFive weighs this case by case under its own policy, so be upfront about your history and ask Fall River Five Cents Savings Bank d/b/a BankFive how it evaluates prior bankruptcies.