Small Business
As a top Small Business Administration (SBA) Lender in New England, our products and services help small businesses thrive and are structured to make business banking easier for you. With the ability to add on services as your business grows, you can build a suite of online and mobile banking tools that give you 24/7 access to your accounts. Plus, when it comes to cash management we’ll recommend the best combination to help you maximize cash flow, save money, and reduce the time you spend on your business’s finances.
Our Small Business Lending group helps provide business loans to small independent businesses whose sales range from $100,000 to $10 million. For business loan requests up to $5 million, we can offer you Small Business Administration Guarantee Loan or a Massachusetts Capital Access Program (CAP) loan. As an SBA Preferred Lender, we want to give you the opportunity to start a business that you might not be able to self-fund or continue to grow your small business.
Our experienced loan officers will take the time to get to know you and your business in order to recommend the right strategies and solutions. The success of your business is truly important to us. That’s why during the Paycheck Protection Program (PPP), we helped as many local businesses as possible, whether they were customers or not, processing 1,600 PPP loans saving nearly 20,000 area jobs. Not to mention, you will have one consistent point of contact to help make banking with us as easy and convenient as possible.
Products and ServicesNB Business Online & Mobile BankingFrom depositing checks to managing user entitlements to advanced Cash Management, the essential financial tools for all of your banking needs are available in one place. NB Business Online and Mobile Banking scales with the needs of your business. We’re constantly improving our online & mobile features and user experience so you can bank how you want, when you want. Learn More Business Credit CardReward your business and let your purchases work for you with the NB Business Rewards Mastercard. With the flexibility of uChoose rewards, you can use your points for unlimited 1.5% cash back via statement credit or accumulate points to purchase merchandise. Enjoy Mastercard’s zero liability so you won’t be held responsible for unauthorized transactions and enhanced ID theft protection so you are better safeguarded against identity theft. Learn More Cash ManagementWe’ll recommend the best combination of services to help you maximize cash flow, save money, and reduce the time you spend on your business’s finances. Our cash management services include account analysis, remote check deposit, Automated Clearing House (ACH) origination, wire transfers, and direct connect for Quicken and Quickbooks. Learn More Business Overdraft ProtectionBusiness Overdraft Protection provides coverage if you have an NB Business Checking account. Borrowing limits are available from $2,000-$10,000. Learn More |
Small Business Loan SolutionsSBA Loans7(a) LoansA general purpose term loan to help start, acquire, expand or renovate your business. SBA ExpressA line of credit that offers an expedited review process. 504 LoansA commercial mortgage with a low down payment for acquisitions. Massachusetts Capital Access Program (CAP)A loan designed for Massachusetts small businesses with 200 or fewer employees. Export ExpressA loan for financing your export development. Small Business Term LoanOur Small Business Term Loan can be used for general working capital and purchasing equipment, including new and used vehicles, to help your business grow and thrive. Requests can be between $10,000-$50,000. You can apply online in under 10 minutes and receive a quick decision in less than 5 business days. Learn More |