Last Updated: 06/21/2025
Century Bank of Massachusetts SBA Loans
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Last Updated: 06/21/2025
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Highlights
Amount Range
Up to $500,000
APR (Fixed APR)
N/A
Loan Term (Months)
12 - 240
Century Bank of Massachusetts SBA Loans Review
Century Bank of Massachusetts SBA Loans is a business financing offering by Century Bank of Massachusetts, based in Somerville, MA. Founded in 1969, Century Bank of Massachusetts offers access to small business loans in 1 state across the USA.
Century Bank of Massachusetts SBA Loans FAQ
What are Century Bank of Massachusetts SBA Loans rates?
Century Bank of Massachusetts SBA Loans offers a fixed APR business financing product but they do not disclose their rates.
Does Century Bank of Massachusetts SBA Loans charge an origination fee?
Yes, Century Bank of Massachusetts SBA Loans charges a loan origination fee .
Does Century Bank of Massachusetts SBA Loans charge prepayment fees?
Yes, Century Bank of Massachusetts SBA Loans may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.What is the maximum business loan term you can get with Century Bank of Massachusetts SBA Loans?
Century Bank of Massachusetts SBA Loans offers small business loans with terms ranging from 12 to 240 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for Century Bank of Massachusetts SBA Loans?
Century Bank of Massachusetts SBA Loans requires companies to be in business for at least month
Century Bank of Massachusetts SBA Loans 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. U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Century Bank of Massachusetts SBA Loans.
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
Does Century Bank of Massachusetts SBA Loans report your account activity to credit bureaus?
Yes, Century Bank of Massachusetts SBA Loans 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 SBA Loans 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.
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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