South Shore Bank
WEYMOUTH, MA 2190
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Plumbing, Heating, and Air-Conditioning Contractors
- Limited-Service Restaurants
- Electrical Contractors
- Child and Youth Services
- General Automotive Repair
Quick Summary
South Shore Bank is an SBA-approved lender headquartered in WEYMOUTH, Massachusetts. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 45 SBA 7(a) loans totaling $13.0M, with an average loan size of $289K. They serve businesses across 2 states.
About South Shore Bank
South Shore Bank is an SBA-approved lender headquartered in WEYMOUTH, Massachusetts. Since 2020, they have approved 45 SBA 7(a) loans totaling $13.0M, with an average loan size of $289K. 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 2 states.
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Frequently Asked Questions
Is South Shore Bank an SBA Preferred Lender?
Yes, South Shore 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 South Shore Bank approved?
According to SBA FOIA public records, South Shore Bank has approved 45 SBA 7(a) loans totaling $13.0M since 2020. Their average loan size is $289K.
What states does South Shore Bank serve?
South Shore Bank serves businesses in 2 states: Massachusetts, Rhode Island.
How do I apply for an SBA loan with South Shore Bank?
To apply for an SBA 7(a) loan with South Shore 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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