SBA Loans

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BankFive is proud to be a preferred SBA lender for Massachusetts and Rhode Island businesses.

When it comes to your business needs, you deserve a community bank that invests in you at every step. BankFive's U.S. Small Business Administration loan options help you find the right fit to launch and grow your business. And as a preferred lender, we offer expedited approvals and processing so you can spend more time focused on your business operations.

Choose the SBA loan that's right for your business:

SBA Express: This is a 50% guarantee small business loan program from the U.S. Small Business Administration for loans up to $350,000*, ideal for businesses that may not meet traditional lending requirements. Get flexible payment options and longer terms than traditional loans. Funds may be used for working capital, equipment, inventory, expansion or real estate purchases.
504 Loan Program: The 504 loan program provides growing small businesses with long-term financing to acquire, construct, or expand their business location or purchase machinery and equipment. Borrowers can contribute as little as 10% in equity*. These loans usually have preferential long-term interest rates up to 50% of the total financing package.
Traditional 7(a): Businesses with special requirements¹ can get needed financial help through this loan. Proceeds may be used to establish a new business or to assist in acquisition, operation, or expansion of an existing business. 7(a) loans have a maximum loan amount of $5 million* and do not have a set minimum loan amount.

_{*Upon Qualification
¹Please contact us for information regarding special requirements.}

Other Business Solutions

Apr 13

I’m a new business owner and also was rewarded with a certificate from an renterpurnuer program , Eforall which is where I learned about Bankfive. Leah Smith, Vice President of Business Development did a great job helping me apply for my first business loan and a line of credit it was also a great experience ann a good learning process for a new business owner like myself 😊

April

Mar 22

I have worked with Joseph Borges over the last 10 years. He made my banking experience a pleasure. I have referred many business to him.

James

Mar 21

Brittany did a great job, very smooth transaction! Bill and Ailey are also excellent and always around to help.

Kyle

Dec 09

The bank staff definately made me feel that customer service is their priority. After speaking with one staff member, the manager, who overheard part of the conversation, approached me with further information regarding banking options. I was so impressed with their customer service, that I have decided to transfer my business banking acct from BofA to Bank 5.

Angela

Aug 25

The people at this branch are very nice. They are the only branch I will go to because it feels like family. Pete

Peter

Jun 03

Bank Five has the nicest people to help with the borrowing process.. Recently we closed on a loan through Bank Five. As self employed people borrowing is always a complicated process, but they guided us through to a very smooth transaction. We definitely chose the right lender and would highly recommend .

Nina Fulton Tolken

May 13

This is the bank for all your personal and business needs. I love Bank 5, and the staff are friendly, professional and amazing

Michael

Apr 12

If you are looking for not just a bank but people who understand and will be there to advise and help, personal, business or residential loans, you CANNOT Find a better way

Eric

Mar 10

The Bank 5 team is the best, they made a possible difficult process easy and efficient, I will not go anywhere else!

James

Feb 23

Being the owner of a small business, service and timelyness is essential when conducting daily business. I got both and more on six different occasions, over the past three years. I would recommend any small business owner to give the people at BankFive a call.

Peter L.

Nov 24

We love them. As a business, they have cared for us and treated us so well. I have recommended them to friends and other business’s. They are five stars to us!

Daniel

May 20

We use this bank for much of our business needs. They are a full service bank with services from commercial and residential mortgage loans to business loans.

Mark

Feb 05

Finally a bank that works with you and appreciates good clients with specific needs. Bank-5 has the best banking staff that I ever dealt with within my 35 years in business. They are just simply awesome people to work with. Bank-5 should be an example of how all banks should treat their clients.

Jose Fragata

Sep 04

I have been with Bank5 for over 25 years along with my contractor business,this bank is locally owned and operated, which I like,and keeps up to modern trends. Such things as convenient atms locations, on line banking and many other free services. Keep up the great work!!

Thomas Laflamme

Mar 12

Best service I have ever had. All staff members are fully educated on their roll/department and provides top notch service. I have dealt with different banks and Bank5 sets the standards. Brittany Schmidt is our main contact for a business loan and she is professional, thorough, informative, organized, always available when you need and very comfortable to talk with. Stephanie DeSousa set up my new business account. With Brittany present so that we were all on the same page, we met in person. She explained all I needed to know and some about the accounts and because of this, I feel comfortable knowing she set me up for accounts that best fits my needs. "What a TEAM you have." My wife and I are lucky to find you and look forward to a very long relationship. P.S. we recommend Bank 5 to everyone. We thank you and your team for such great service.

Joao Brito

Jan 29

Bank Five is in my opinion the finest bank around. My small business certainly wouldn’t exist if not for them. I will never do business with any other bank especially Webster Bank.

Andrew

Jun 21

Luke in the commercial loan department I feel did an excellent job at trying to help me obtain a commercial loan. He spent a good amount of time going through everything for me. I'm very pleased and would recommend Bank Five.

William

Oct 25

Great bank to work with. I switched to BankFive years ago after a frustrating experience with Bank of America. In addition to being a Preferred SBA lender, they sponsor the Bristol-Warren Art Night Series and are active in their local community.

James

Apr 15

I use the commercial lending division of Bank Five. I find them to be exceptional at helping me to grow my real estate portfolio. I followed Ken Nasiff from Rockland Trust. I find him extremely professional and competent. He is a problem solver. Joe Borge is the other fantastic part of the team. I

Mary

Mar 30

We opened an account for our non-profit organization here because of their close location to us, and we haven't regretted it. All of the staff has been very courteous and helpful. We look forward to many more years of banking with them.

Faith