The Lowell Five Cent Savings Bank
The Lowell Five Cent Savings Bank is an active SBA lender in Massachusetts, a bank offering SBA-guaranteed small-business loans. Currently rated 2.3 stars across 3 Google reviews.
$46M
in SBA approvals since 2010
65
SBA loans funded
Restaurants & Food Service · Fitness & Recreation · General Retail
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About The Lowell Five Cent Savings Bank
Offering comprehensive SBA loan services, this financial institution specializes in supporting small businesses with funding options tailored to their needs. With a focus on SBA programs like 7A, they assist entrepreneurs in securing capital for growth, working capital, or acquisitions. Their experienced team provides guidance throughout the application process, ensuring clients understand the requirements and benefits of each loan type. Located conveniently in Tewksbury, MA, they serve a diverse range of industries, emphasizing personalized service and flexible lending solutions. Whether you're a startup or an established business, they aim to facilitate your financial goals with competitive rates and efficient processing. Their expertise extends to supporting businesses in various sectors, including manufacturing, retail, and service industries, helping local and regional businesses thrive. The bank's commitment to small business success is reflected in their tailored approach and dedication to customer satisfaction. They also offer microloans and express lending options for quicker access to funds, making them a versatile partner for your business needs.
Serves SBA borrowers in 2 states
The Lowell Five Cent Savings Bank has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries The Lowell Five Cent Savings Bank finances
Business types The Lowell Five Cent Savings Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about The Lowell Five Cent Savings Bank
What is this place and what can I find here?
This is a financial institution that offers SBA loan programs and small business financing solutions. You can find assistance with loans, microloans, and other funding options tailored to small businesses" needs.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.
What are the hours of operation?
The Lowell Five Cent Savings Bank's Tewksbury location is open Monday through Friday from 9:00 AM to 4:00 PM (both lobby and drive-up). Please confirm current hours with the bank.
Is there a fee to use this?
There are no fees for simply visiting; fees may apply for specific services or loan processing, which will be disclosed upfront.
Who is this open to — anyone, or only residents/members?
This bank primarily serves small business owners and entrepreneurs, with services available to eligible applicants in the region.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally required, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
The Tewksbury location is closed on weekends. Business lending staff are reachable Monday through Friday during standard hours.
How do I get there and where do I park?
The Lowell Five Cent 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.
Who owns or operates this listing?
This page is an independent directory listing for The Lowell Five Cent Savings Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The Lowell Five Cent Savings Bank itself, which runs its own lending under its own ownership. If you work at The Lowell Five Cent Savings Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for The Lowell Five Cent 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 The Lowell Five Cent Savings Bank before applying. If you represent The Lowell Five Cent Savings Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach The Lowell Five Cent Savings Bank by phone at (978) 452-1300. For SBA business lending, contact their Small Business Advisors via jdaneau@lowellfive.com or jheng@lowellfive.com. Please confirm current contact details with the bank.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, The Lowell Five Cent Savings Bank most often finances businesses in general retail, fitness & recreation, restaurants & food service, and construction & contractors. This reflects The Lowell Five Cent 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 The Lowell Five Cent Savings Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
The Lowell Five Cent Savings Bank offers SBA Express with a maximum borrowing limit of $500,000 and accelerated approval. Please confirm availability and terms with the bank.
Does this bank have Preferred Lender Provider status with the government?
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. The Lowell Five Cent Savings Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. The Lowell Five Cent Savings Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The Lowell Five Cent Savings Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 The Lowell Five Cent Savings Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 The Lowell Five Cent Savings Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 The Lowell Five Cent Savings Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. The Lowell Five Cent Savings Bank weighs this case by case under its own policy, so be upfront about your history and ask The Lowell Five Cent Savings Bank how it evaluates prior bankruptcies.
