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Business Lines of Credit
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Last Updated: 04/18/2025

Century Bank of Massachusetts Lines of Credit

in Business Lines of Credit from Century Bank of Massachusetts

Last Updated: 04/18/2025

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Century Bank of Massachusetts Lines of Credit Review

Century Bank of Massachusetts Lines of Credit is offered by Century Bank of Massachusetts, a bank founded in 1969 and based in Somerville, MA. Century Bank of Massachusetts Lines of Credit are available in states.

Century Bank of Massachusetts Lines of Credit FAQ

What APRs does Century Bank of Massachusetts Lines of Credit offer?

Century Bank of Massachusetts Lines of Credit offers an APR , but they do not disclose their rates.

Does Century Bank of Massachusetts Lines of Credit charge an origination fee?

Yes, Century Bank of Massachusetts Lines of Credit charges an origination fee.

Does Century Bank of Massachusetts Lines of Credit charge prepayment fees?

Yes, Century Bank of Massachusetts Lines of Credit charges additional fees to borrowers who pay off their lines of credit sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a line of credit early.

What do you need to qualify for Century Bank of Massachusetts Lines of Credit?

Century Bank of Massachusetts Lines of Credit does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Century Bank of Massachusetts Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Century Bank of Massachusetts Lines of Credit.
To qualify, applicants may need to provide the following documentation:
  • Driver's license or other government photo ID
  • Government issued photo ID
  • Proof of identity

What are the business financing requirements for Century Bank of Massachusetts Lines of Credit?

To apply for Century Bank of Massachusetts Lines of Credit, the applicant needs to provide the following documentation:
  • Business license
  • Business bank account

Does Century Bank of Massachusetts Lines of Credit report your account activity to credit bureaus?

Yes, Century Bank of Massachusetts Lines of Credit reports to the following credit bureaus:
  • Equifax
  • Experian
  • TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.

Does Century Bank of Massachusetts perform a hard credit pull?

Yes, Century Bank of Massachusetts Lines of Credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

What types of business lines of credit does Century Bank of Massachusetts offer?

Century Bank of Massachusetts only offers unsecured lines of credit.

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Century Bank of Massachusetts logo

Message from Century Bank of Massachusetts Lines of Credit

As a business owner, one of the most important relationships you’ll have is the one you establish with your bank. Century Bank is committed to helping businesses of all sizes succeed. We offer a business line of credit up to $500,000 that doesn’t cost you a cent unless you use it. Plus, lower a lower annual percentage rate may apply with auto-debit from your Century Bank business checking account. A business line of credit is financing that provides an influx of cash to pay for everyday needs. This type of financing is revolving, meaning your available balance grows with every principal payment you make. Whether you need money as your current company expands, looking to acquire an existing business or are eager to become an entrepreneur, Century Bank is here to help you. Century Bank is all about relationships. When it comes to financing, we treat every business and business owner as an individual. When you talk to one of our Lending Experts, we’ll take the time to get to know you and your specific needs. We consider many factors such as whether your company is a startup or has been around for years.

Contact

Headquarters

102 Fellsway West
Somerville, MA 02145
Visit Site

Hours of Operation

Sunday
Closed
Monday
8:00AM - 4:00PM
Tuesday
8:00AM - 4:00PM
Wednesday
8:00AM - 4:00PM
Thursday
8:00AM - 5:00PM
Friday
8:00AM - 5:00PM
Saturday
8:00AM - 1:00PM

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