Needham Bank
MA
SBA-approved lender offering 9 loan programs across 3 industries.
Key Metrics
Interest Rate
8.08%
1.33% over prime
Average Loan
$336K
Per approval
Total Approvals
10
FY 2025
Loan Programs (9)
Existing or more than 2 years old
Fixed Rates
Preferred Lenders Program
SBA Express Program
Variable Rates
Change of Ownership
Loan Funds will Open Business
7a General
New Business or 2 years or less
Industries Served (3)
Motor Vehicle Parts (Used) Merchant WholesalersResidential RemodelersSolid Waste Collection
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.33%
- Effective Rate
- 8.08%
- Fiscal Year
- 2025
- States Served
- MA
- Website
- www.needhambank.com
Ready to apply with Needham Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.