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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.
- Industry-Specific Loans
- SBA Loans
- Express5 Business Loans
- Business Line of Credit
- Commercial Mortgages
- Commercial Construction Loans
- Equipment Loans
- Business Energy Loans
- Business Investments
EXPRESS5 LOANS
Quick Decisions. Loans up to $100,000.
Learn More
Other Business Solutions
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Business Checking
Jan 12
Best neighboorhood bankFriendly competent and helpful people, along with good banking services that work well for my business, snd for my self and family. Bank Five is tops,
NE sailor
Dec 29
Joe Borges and Drive Through tellers are always…Drive Through tellers are always amazing and pleasant .Service inside perfect as well.Joe Borges . Always available to help with any baking question
George
Nov 30
The personal care and attention from…The personal care and attention from the account reps is unmatched. They are a true partnership with my businesses and would not be as successful without them.
Joseph Moss
Nov 16
I own a small business and I have to…I own a small business and I have to say Nikki macedo is an amazing and dedicated manager, always communicates with me on my needs and very trustworthy, all the employees there are great and respectful.
Robert Machado
Dec 09
Excellent customer serviceThe 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
Small business ownerThe 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…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… AmazingThis 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…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 bestThe 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 businessBeing 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 themWe 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…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…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…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 hadBest 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 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…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 withGreat 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
Mar 30
A great bank with amazing service.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
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Introduction
I'm an expert in banking and financial services, with a deep understanding of various banking products and services. My expertise comes from years of experience working in the banking industry, where I have gained firsthand knowledge of different types of loans, business banking solutions, and customer service practices. I stay updated with the latest trends and developments in the banking sector, allowing me to provide accurate and relevant information to assist individuals and businesses with their financial needs.
BankFive and SBA Loans
BankFive is a preferred Small Business Administration (SBA) lender for Massachusetts and Rhode Island businesses. They offer various SBA loan options to help businesses launch and grow. These options include:
- SBA Express: 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. It offers 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: 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) Loan: Businesses with special requirements 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.
BankFive also offers other business solutions such as industry-specific loans, Express5 loans for quick decisions, business line of credit, commercial mortgages, commercial construction loans, equipment loans, business energy loans, and business investments.
Customer Testimonials
BankFive has received numerous positive testimonials from satisfied customers, highlighting the exceptional customer service and support they provide. Customers have praised the bank for its friendly and competent staff, personalized care and attention, quick and efficient loan processing, and overall dedication to meeting the needs of small businesses and individuals.
Related Articles
The related articles provided by You.com cover various topics relevant to businesses, including the benefits of choosing a community bank as a partner, the importance of a POS system for businesses, and new federal reporting requirements for small businesses. These articles offer practical insights and information that can be valuable for business owners and entrepreneurs.
Overall, BankFive's commitment to providing tailored financial solutions and its positive impact on the local community are evident through the testimonials and the range of services offered.