Westfield Bank
Westfield, MA 1085
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Motor Vehicle Towing
- Other Professional Equipment and Supplies Merchant Wholesalers
- Car Washes
- Beer, Wine, and Liquor Stores
- Offices of Physicians (except Mental Health Specialists)
Quick Summary
Westfield Bank is an SBA-approved lender headquartered in Westfield, Massachusetts. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 14 SBA 7(a) loans totaling $5.3M, with an average loan size of $382K. They serve businesses across 2 states.
About Westfield Bank
Westfield Bank is an SBA-approved lender headquartered in Westfield, Massachusetts. Since 2020, they have approved 14 SBA 7(a) loans totaling $5.3M, with an average loan size of $382K. 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 Westfield Bank an SBA Preferred Lender?
Yes, Westfield 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 Westfield Bank approved?
According to SBA FOIA public records, Westfield Bank has approved 14 SBA 7(a) loans totaling $5.3M since 2020. Their average loan size is $382K.
What states does Westfield Bank serve?
Westfield Bank serves businesses in 2 states: Connecticut, Massachusetts.
How do I apply for an SBA loan with Westfield Bank?
To apply for an SBA 7(a) loan with Westfield 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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