The Bank of Canton
CANTON, MA 2021
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Offices of Real Estate Agents and Brokers
Quick Summary
The Bank of Canton is an SBA-approved lender headquartered in CANTON, Massachusetts. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 1 SBA 7(a) loans totaling $228K, with an average loan size of $228K. They primarily serve Massachusetts businesses.
About The Bank of Canton
The Bank of Canton is an SBA-approved lender headquartered in CANTON, Massachusetts. Since 2020, they have approved 1 SBA 7(a) loans totaling $228K, with an average loan size of $228K. 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.
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Frequently Asked Questions
Is The Bank of Canton an SBA Preferred Lender?
Yes, The Bank of Canton 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 The Bank of Canton approved?
According to SBA FOIA public records, The Bank of Canton has approved 1 SBA 7(a) loans totaling $228K since 2020. Their average loan size is $228K.
What states does The Bank of Canton serve?
The Bank of Canton primarily serves businesses in Massachusetts.
How do I apply for an SBA loan with The Bank of Canton?
To apply for an SBA 7(a) loan with The Bank of Canton, 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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