Westfield Bank

This is a local commercial bank that offers SBA loans and small business financing solutions to help entrepreneurs grow their businesses. You can find personalized service, expert guidance, and flexible loan options tailored to your needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.

Westfield Bank's East Main Street branch is open Monday–Wednesday 8:00 AM–6:00 PM, Thursday–Friday 8:00 AM–7:00 PM, Saturday 9:00 AM–3:00 PM, and Sunday 10:00 AM–3:00 PM for both lobby and drive-up services. Please confirm current hours with the bank.

There are no fees for simply visiting or consulting; fees may apply for loan processing and closing costs if you proceed with a loan.

This bank is open to small business owners and entrepreneurs within the region, regardless of residency, who meet lending criteria.

Typically, a minimum personal credit score of 640 is preferred, though higher scores improve approval chances.

The underwriting process generally takes between 30 to 45 days, depending on the complexity of the loan and completeness of documentation.

Yes, Westfield Bank's East Main Street branch is open on weekends: Saturday 9:00 AM–3:00 PM and Sunday 10:00 AM–3:00 PM for lobby and drive-up services. Confirm with the bank for holiday exceptions.

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

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

You can reach Westfield Bank by phone at (413) 568-1911 or online at westfieldbank.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 Westfield Bank before relying on them.

Based on its approved SBA loans, Westfield Bank most often finances businesses in automotive repair & services, general retail, manufacturing, restaurants & food service, construction & contractors, and transportation & trucking. This reflects Westfield 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 Westfield Bank which sectors it actively lends to before you apply.

Westfield Bank offers SBA Express loans as part of its 7(a) and Express SBA loan programs. For details on express loan terms, rates, and eligibility, contact Westfield Bank's business lending team.

Yes, Westfield Bank holds SBA Preferred Lender Program (PLP) status, enabling streamlined in-house approval and faster loan decisions. Confirm current PLP status with Westfield Bank.

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. Westfield Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Westfield 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 Westfield 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 Westfield 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 Westfield 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. Westfield Bank weighs this case by case under its own policy, so be upfront about your history and ask Westfield Bank how it evaluates prior bankruptcies.