Florence Bank
FLORENCE, MA 1062
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Plumbing, Heating, and Air-Conditioning Contractors
- Logging
- Coin-Operated Laundries and Drycleaners
- Administrative Management and General Management Consulting Services
- Photography Studios, Portrait
Quick Summary
Florence Bank is an SBA-approved lender headquartered in FLORENCE, Massachusetts. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 25 SBA 7(a) loans totaling $6.9M, with an average loan size of $277K. They primarily serve Massachusetts businesses.
About Florence Bank
Florence Bank is an SBA-approved lender headquartered in FLORENCE, Massachusetts. Since 2020, they have approved 25 SBA 7(a) loans totaling $6.9M, with an average loan size of $277K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in Massachusetts.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
Helpful SBA Borrower Guides
Frequently Asked Questions
Is Florence Bank an SBA Preferred Lender?
Yes, Florence 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 Florence Bank approved?
According to SBA FOIA public records, Florence Bank has approved 25 SBA 7(a) loans totaling $6.9M since 2020. Their average loan size is $277K.
What states does Florence Bank serve?
Florence Bank primarily serves businesses in Massachusetts.
How do I apply for an SBA loan with Florence Bank?
To apply for an SBA 7(a) loan with Florence 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+.
Get in Touch with This Lender
Contact Florence Bank
Ready to Apply for an SBA Loan?
Check if you qualify in minutes — no impact to your credit score.
SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days