Small Business Lending
moving your business forward together.
Dedicated to the Success of Your Business
At BankProv, we credit much of our steady growth in commercial financing to the practice of listening to our customers and carving out specialties to serve their unique needs. We take the time to help navigate small businesses through the financing process, getting the right solution in place for their needs. Contact our small business lending team today.
Real Estate & Construction
Revamp and remodel your current facilities or build a new location with long-term financing options.
Acquisitions & Expansions
Grow your business with confidence. Finance your expansion or acquire existing operations to reach a larger network.
SBA Lending
Backed by the Small Business Administration, SBA loans typically offer lower down payments and competitive terms.
Supporting Small Businesses
Whether you’re looking to purchase or expand your small business, we’ll be there to assist in the steps to grow. We partner with local development centers so our customers who strive to be entrepreneurs in local communities feel confident about their financial needs.
BankProv offers term loans to support small businesses with equipment or working capital needs. Lines of credit are also available for short-term or seasonal working capital needs.
Contact our Small Business Lending team today and learn how we can help your business succeed.
Small Business Administration Lending
As an SBA Preferred Lender, we’ll guide you through the SBA loan process helping to reduce timing and documentation hurdles. Backed by the Small Business Administration, the SBA 7(a) and SBA 504 loan programs provide many advantages for businesses seeking capital.
Our Preferred Lender Status gives us the ability to get capital in your hands faster. Let us help you achieve your funding goals sooner. Contact our lending team to learn more about our SBA Lending program.
8 Unit Apartment Building
Electrical Service Contractor
Electrical Service Contractor
Postal Service
Book Store
5 Unit Commercial Investment Property
Commercial Equipment Leasing Co.
Event Center
Partner with BankProv Small Business Lending
Whether you’re looking to purchase or expand your small business, we will be there to assist in the steps to grow. Contact our Small Business Lending team today and learn how we can help your business succeed.
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Your lending needs are unique. We'll work with you to find the right solution.
Small Business Lending FAQs
BankProv services the communities surrounding the physical branch locations as well as all New England States.
BankProv has a diverse portfolio of clients ranging from local small businesses to real estate investors. We offer a consultative approach to customize variations of commercial mortgages, term loans and lines of credit.
Loan amounts vary based on the product. BankProv’s team of experts can help you determine the best loan structure to meet your needs. Our team goes above and beyond to create a customized loan package according to your business goals.
The SBA 7(a) loan is the most common SBA loan product, offering financing for virtually all business expenses. An SBA 7(a) loan is a good option for acquisitions, partner buyouts, real estate purchases, refinance and more. SBA 504 loans are long-term, fixed-rate financing for real estate purchases and buildouts. Our 504 loans can include acquiring commercial real estate, financing improvements within that real estate, and purchasing large equipment.
BankProv is part of the Small Business Association (SBA) Preferred Lender Program (PLP). As a PLP, our Small Business Lending team is able to serve our customers more efficiently.
As a borrower, BankProv has the authority to make final credit decisions without going through the SBA first. Allowing us to be more agile and flexible in supporting our clients’ lending needs.
- We are typically three to four weeks faster than non-PLP lenders – getting you a solution sooner.
- We can offer longer repayment terms, lower payments and no prepayment penalties (except on commercial real estate).
There are pros and cons to both SBA and traditional financing products however, SBA loans have some unique benefits. Compared to conventional loans, they generally have longer repayment terms and do not have financial covenants or balloon payments. Your BankProv lender can confidently walk you through which option is the best fit for you.
Still have questions? Read more FAQs
