Pentucket Bank

This is a bank that offers SBA loan programs to help small businesses secure financing for growth, expansion, or startup needs. You can find personalized support, loan options, and guidance through the application process. The bank specializes in SBA 7(a) loans and has a proven track record of approving substantial amounts to support local businesses.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help prepare your documentation and streamline the process.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It is advisable to call ahead for specific appointment times or to confirm hours during holidays.

There are no fees for simply visiting or consulting with the bank, but loan applications and processing may include applicable fees such as application or closing costs. These are disclosed upfront during the loan process.

This bank primarily serves small business owners in the Haverhill area and surrounding regions. Business eligibility depends on meeting loan criteria and local residency or operational presence.

A minimum personal credit score of around 640 is typically required, though higher scores improve approval chances. The bank considers overall creditworthiness and business stability.

The underwriting process usually takes between 30 to 60 days, depending on the completeness of your application and the complexity of the loan. Prompt submission of required documents can help expedite approval.

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

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

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

You can reach Pentucket Bank by phone at (978) 372-7731 or online at pentucketbank.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 Pentucket Bank before relying on them.

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