BankGloucester
GLOUCESTER, MA 1930
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Cut Stone and Stone Product Manufacturing
- New Single-Family Housing Construction (except Operative Builders)
- Limited-Service Restaurants
- Third Party Administration of Insurance and Pension Funds
- Brick, Stone, and Related Construction Material Merchant Wholesalers
Quick Summary
BankGloucester is an SBA-approved lender headquartered in GLOUCESTER, Massachusetts. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 21 SBA 7(a) loans totaling $2.6M, with an average loan size of $123K. They primarily serve Massachusetts businesses.
About BankGloucester
BankGloucester is an SBA-approved lender headquartered in GLOUCESTER, Massachusetts. Since 2020, they have approved 21 SBA 7(a) loans totaling $2.6M, with an average loan size of $123K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in Massachusetts.
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Frequently Asked Questions
Is BankGloucester an SBA Preferred Lender?
Yes, BankGloucester 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 BankGloucester approved?
According to SBA FOIA public records, BankGloucester has approved 21 SBA 7(a) loans totaling $2.6M since 2020. Their average loan size is $123K.
What states does BankGloucester serve?
BankGloucester primarily serves businesses in Massachusetts.
How do I apply for an SBA loan with BankGloucester?
To apply for an SBA 7(a) loan with BankGloucester, 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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