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Last Updated: 06/21/2025

Century Bank of Massachusetts Term Loans

in Business Loans from Century Bank of Massachusetts

Last Updated: 06/21/2025

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Century Bank of Massachusetts Term Loans Review

Century bank 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 FAQ

What are Century bank rates?

Century bank offers a fixed APR business financing product but they do not disclose their rates.

Does Century bank charge an origination fee?

Yes, Century bank charges a loan origination fee .

Does Century bank charge a late fee?

Yes, Century bank charges borrowers with a late payment fee of up to $15 .

Does Century bank charge prepayment fees?

Yes, Century bank 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 do you need to qualify for Century Bank of Massachusetts Term Loans?

Century Bank of Massachusetts Term Loans requires companies to be in business for at least month
Century Bank of Massachusetts Term 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 Term 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 Term Loans report your account activity to credit bureaus?

Yes, Century Bank of Massachusetts Term 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 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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

102 Fellsway West
Somerville, MA 02145
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Email Support

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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