Charles River Bank
MEDWAY, MA 2053
States Served
Top Industries Financed
- All Other Automotive Repair and Maintenance
- Amusement Arcades
Quick Summary
Charles River Bank is an SBA-approved lender headquartered in MEDWAY, Massachusetts. Since 2020, they have approved 3 SBA 7(a) loans totaling $402K, with an average loan size of $134K. They primarily serve Massachusetts businesses.
About Charles River Bank
Charles River Bank is an SBA-approved lender headquartered in MEDWAY, Massachusetts. Since 2020, they have approved 3 SBA 7(a) loans totaling $402K, with an average loan size of $134K. They primarily serve businesses in Massachusetts.
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Frequently Asked Questions
Is Charles River Bank an SBA Preferred Lender?
Charles River 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 Charles River Bank approved?
According to SBA FOIA public records, Charles River Bank has approved 3 SBA 7(a) loans totaling $402K since 2020. Their average loan size is $134K.
What states does Charles River Bank serve?
Charles River Bank primarily serves businesses in Massachusetts.
How do I apply for an SBA loan with Charles River Bank?
To apply for an SBA 7(a) loan with Charles River 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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