UniBank for Savings
UniBank for Savings is an active SBA lender in Massachusetts, a bank offering SBA-guaranteed small-business loans. Currently rated 4.1 stars across 75 Google reviews.
$45M
in SBA approvals since 2010
436
SBA loans funded
Construction & Contractors · Manufacturing · General Retail
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About UniBank for Savings
UniBank for Savings offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, this institution provides access to SBA loan programs including the 7(a) loan program, which is ideal for a variety of business purposes such as working capital, equipment purchase, or real estate acquisition. The bank's experienced lending team guides clients through the application process, ensuring clarity and efficiency. They support businesses across various industries, emphasizing flexibility and competitive terms to meet diverse needs. Whether you're a startup or an established enterprise, UniBank for Savings aims to facilitate your business ambitions with tailored financial solutions. The bank also offers guidance on loan eligibility, documentation, and repayment options, making it a reliable partner for small business financing.
Serves SBA borrowers in 2 states
UniBank for Savings has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries UniBank for Savings finances
Business types UniBank for Savings actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about UniBank for Savings
What is this place and what can I find here?
This is a financial institution offering SBA loan programs and small business financing solutions, providing expert guidance and personalized service to help your business grow.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be accommodated based on availability.
What are the hours of operation?
UniBank for Savings Whitinsville Main branch is open Monday–Wednesday 9am–4pm, Thursday 9am–6pm, Friday 9am–4pm (lobby) and 9am–6pm (drive-up), and Saturday 9am–12pm. Please confirm exact hours with the bank directly.
Is there a fee to use this?
There are no fees to visit or consult; however, loan applications and processing may involve fees that are disclosed upfront during the application process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves small business clients and residents within its service area, but SBA loan programs are available nationwide to qualified applicants.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of approximately 650 is typically required for guarantors seeking SBA loans.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of application documentation.
Is this open on weekends?
UniBank for Savings Whitinsville Main is open Saturdays from 9am to 12pm and closed Sundays. Confirm current weekend hours with the branch.
How do I get there and where do I park?
UniBank for Savings 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 UniBank for Savings, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by UniBank for Savings itself, which runs its own lending under its own ownership. If you work at UniBank for Savings, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for UniBank for Savings — 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 UniBank for Savings before applying. If you represent UniBank for Savings, claim this listing to keep its information up to date.
How do I contact this listing directly?
For SBA loans and business lending, contact the branch manager at meenakshi.sharma@unibank.com or call (508) 234-8112. Please confirm with the lender for SBA-specific inquiries.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, UniBank for Savings most often finances businesses in construction & contractors, manufacturing, cleaning, landscaping & janitorial, general retail, transportation & trucking, and medical practices & clinics. This reflects UniBank for Savings'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 UniBank for Savings which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether UniBank for Savings participates in SBA Express depends on its specific SBA lending authority. Contact UniBank for Savings and ask if it offers SBA Express and what the current limits and terms look like for your situation.
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. UniBank for Savings 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. UniBank for Savings's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask UniBank for Savings 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 UniBank for Savings 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 UniBank for Savings 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 UniBank for Savings 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. UniBank for Savings weighs this case by case under its own policy, so be upfront about your history and ask UniBank for Savings how it evaluates prior bankruptcies.
