Cape Ann Savings Bank
GLOUCESTER, MA 1930
States Served
Top Industries Financed
- Limited-Service Restaurants
- Mobile Food Services
- General Automotive Repair
- Sporting and Recreational Goods and Supplies Merchant Wholesalers
- Baked Goods Stores
Quick Summary
Cape Ann Savings Bank is an SBA-approved lender headquartered in GLOUCESTER, Massachusetts. Since 2020, they have approved 13 SBA 7(a) loans totaling $1.2M, with an average loan size of $93K. They primarily serve Massachusetts businesses.
About Cape Ann Savings Bank
Cape Ann Savings Bank is an SBA-approved lender headquartered in GLOUCESTER, Massachusetts. Since 2020, they have approved 13 SBA 7(a) loans totaling $1.2M, with an average loan size of $93K. They primarily serve businesses in Massachusetts.
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Frequently Asked Questions
Is Cape Ann Savings Bank an SBA Preferred Lender?
Cape Ann Savings Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has Cape Ann Savings Bank approved?
According to SBA FOIA public records, Cape Ann Savings Bank has approved 13 SBA 7(a) loans totaling $1.2M since 2020. Their average loan size is $93K.
What states does Cape Ann Savings Bank serve?
Cape Ann Savings Bank primarily serves businesses in Massachusetts.
How do I apply for an SBA loan with Cape Ann Savings Bank?
To apply for an SBA 7(a) loan with Cape Ann Savings Bank, 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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