Needham Bank

This is a bank offering SBA loans and business banking services designed to support small and medium-sized businesses with their financing needs. You can find personalized lending options, expert guidance, and various financial products tailored for entrepreneurs.

It's recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-in visits are also accommodated based on availability.

Needham Bank's Needham location is open Monday–Wednesday 7:30 a.m. to 4:00 p.m. and Thursday–Friday 7:30 a.m. to 5:00 p.m. Please contact the branch directly at (781) 444-2100 to confirm current hours and any holiday schedules.

There are no fees for basic consultations, but certain banking services and loan applications may involve processing or application fees. Details vary depending on the specific service.

This bank primarily serves local residents and business owners in the Needham area, but its SBA lending programs can support qualified applicants from broader regions as well.

A minimum personal credit score of around 640 is typically required, though higher scores improve approval chances and loan terms.

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

Yes, Needham Bank's Needham location is open on Saturday from 8:30 a.m. to 12:00 p.m. Please confirm with the branch at (781) 444-2100 for current weekend hours.

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

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

You can reach Needham Bank by phone at (781) 444-2100 or online at needhambank.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 Needham Bank before relying on them.

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