Needham Bank
NEEDHAM, MA 2492
⭐ SBA Preferred LenderTop Industries Financed
- Motor Vehicle Parts (Used) Merchant Wholesalers
- Full-Service Restaurants
- Fitness and Recreational Sports Centers
- Electrical Contractors
- Landscaping Services
Quick Summary
Needham Bank is an SBA-approved lender headquartered in NEEDHAM, Massachusetts. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 246 SBA 7(a) loans totaling $57.7M, with an average loan size of $234K. They serve businesses across 5 states.
About Needham Bank
Needham Bank is an SBA-approved lender headquartered in NEEDHAM, Massachusetts. Since 2020, they have approved 246 SBA 7(a) loans totaling $57.7M, with an average loan size of $234K. 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 5 states.
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Frequently Asked Questions
Is Needham Bank an SBA Preferred Lender?
Yes, Needham 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 Needham Bank approved?
According to SBA FOIA public records, Needham Bank has approved 246 SBA 7(a) loans totaling $57.7M since 2020. Their average loan size is $234K.
What states does Needham Bank serve?
Needham Bank serves businesses in 5 states: Connecticut, Florida, Massachusetts, New Hampshire, Rhode Island.
How do I apply for an SBA loan with Needham Bank?
To apply for an SBA 7(a) loan with Needham 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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