This article is written specifically for entrepreneurs in Franklin, Massachusetts who are interested in getting a bank loan.
Local Franklin Business Loan Sources
To assist you in finding a small business banker, here's our list of small business banks in Franklin.
Small Business Bank |
Recent SBA Loans |
Banknorth Massachusetts - Banking Centers |
|
Benjamin Franklin Bank |
32 |
Benjamin Franklin Savings Bank - Branch |
|
Bristol County Savings Bank |
|
Dean Bank |
|
First Financial |
|
Gateway Funding Diversified Mortgage |
|
Strata Bank |
3 |
Summit Bank - Franklin |
|
Banks that Lend to Franklin Businesses
Be sure to speak with bankers outside of Franklin, Massachusetts. These banks, in the table below, have lent to other Franklin small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.
Small Business Bank |
Recent SBA Loans |
Bank Of America
Charlotte, NC |
4 |
Bank Of America
Dedham, MA |
1 |
Bank Of America
Providence, RI |
5 |
Bay State Savings Bank
Worcester, MA |
1 |
Benjamin Franklin Bank
Milford, MA |
2 |
Bristol County Savings Bank
Taunton, MA |
3 |
Capital One
Mclean, VA |
2 |
Middlesex Savings Bank
Natick, MA |
2 |
Rbs Citizens
Boston, MA |
6 |
Rbs Citizens
Providence, RI |
16 |
Sovereign Bank
Villanova, PA |
1 |
Strata Bank
Medway, MA |
2 |
Td Banknorth
Portland, ME |
3 |
Unity Bank
Clinton, NJ |
1 |
Wachovia SBA Lending, Inc.
Roseville, CA |
1 |
Tips for Getting a Business Loan in Franklin
Borrowing money is one of the most common sources of funding for a small business, but getting small business financing is a time-consuming task.
Improve your odds by talking to as many banks as possible.
When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer a better deal than others.
By talking to all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get the best rate on a small business loan.
Remember, before contacting lenders, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.
Gaebler.com Advice on Raising Money
Take the time to learn as much as you can about Raising
Money. For starters, we recommend you read
Angel Investors.
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