Cornerstone Bank
WORCESTER, MA 1609
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Full-Service Restaurants
- Offices of All Other Miscellaneous Health Practitioners
- Fitness and Recreational Sports Centers
- Landscaping Services
- Child Day Care Services
Quick Summary
Cornerstone Bank is an SBA-approved lender headquartered in WORCESTER, Massachusetts. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 30 SBA 7(a) loans totaling $4.9M, with an average loan size of $164K. They serve businesses across 3 states.
About Cornerstone Bank
Cornerstone Bank is an SBA-approved lender headquartered in WORCESTER, Massachusetts. Since 2020, they have approved 30 SBA 7(a) loans totaling $4.9M, with an average loan size of $164K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 3 states.
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Frequently Asked Questions
Is Cornerstone Bank an SBA Preferred Lender?
Yes, Cornerstone Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Cornerstone Bank approved?
According to SBA FOIA public records, Cornerstone Bank has approved 30 SBA 7(a) loans totaling $4.9M since 2020. Their average loan size is $164K.
What states does Cornerstone Bank serve?
Cornerstone Bank serves businesses in 3 states: Connecticut, Florida, Massachusetts.
How do I apply for an SBA loan with Cornerstone Bank?
To apply for an SBA 7(a) loan with Cornerstone Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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