Berkshire Bank
MA
SBA-approved lender offering 8 loan programs across 46 industries.
Key Metrics
Interest Rate
9.00%
2.25% over prime
Average Loan
$1.3M
Per approval
Total Approvals
170
FY 2025
Loan Programs (8)
7a General
Change of Ownership
Existing or more than 2 years old
International Trade Loans
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Fixed Rates
Industries Served (46)
All Other Miscellaneous Electrical Equipment and Component ManufacturiAll Other Miscellaneous Waste Management ServicesAll Other Personal ServicesAll Other Specialty Trade ContractorsApparel Accessories and Other Apparel ManufacturingBed-and-Breakfast InnsChild Day Care ServicesCommercial and Institutional Building ConstructionDisplay AdvertisingDrinking Places (Alcoholic Beverages)Drywall and Insulation ContractorsElectrical ContractorsElementary and Secondary SchoolsFine Arts SchoolsFish and Seafood Merchant WholesalersFlooring ContractorsFull-Service RestaurantsGeneral Automotive RepairGeneral Rental CentersGraphic Design ServicesHardware Merchant WholesalersHome Health Care ServicesHotels (except Casino Hotels) and MotelsLandscaping ServicesLimited-Service RestaurantsMarketing Consulting ServicesMedical, Dental, and Hospital Equipment and Supplies Merchant WholesalersNonscheduled Chartered Passenger Air TransportationOffices of All Other Miscellaneous Health PractitionersOffices of LawyersOffices of Mental Health Practitioners (except Physicians)Other Activities Related to Real EstateOther Personal Care ServicesPaint, Varnish, and Supplies Merchant WholesalersPlastics Material and Resin ManufacturingPlumbing, Heating, and Air-Conditioning ContractorsPromoters of Performing Arts, Sports, and Similar Events without FacilResidential RemodelersRoofing ContractorsSemiconductor and Related Device ManufacturingSite Preparation ContractorsSnack and Nonalcoholic Beverage BarsStationery and Office Supplies Merchant WholesalersSupermarkets and Other Grocery (except Convenience) StoresUsed Car DealersWood Kitchen Cabinet and Countertop Manufacturing
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.25%
- Effective Rate
- 9.00%
- Fiscal Year
- 2025
- States Served
- MA
- Website
- www.berkshirebank.com
Ready to apply with Berkshire Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.