Small Business Term Loan

Our Small Business term loan can be used for general working capital, equipment or purchasing new and used vehicles to help your business grow and thrive. You can apply online in under 10 minutes and request between $10,000-$50,000.


  • Quick access to your funds
  • Receive a decision in less than 5 business days
  • No financial information required
  • Competitive rates
  • Term up to 60 months
  • Available for businesses in our assessment area, who have been in business for at least 2 years with sales between $100,000 and $10 million

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Benefits & Features 

Easy Application Process

Our streamlined, online application process is available 24/7 and can be completed in under 10 minutes. For added convenience, you can save your application at any time to return to it later.

Receive a Decision in Less than 5 Business Days

Once Needham Bank has received your application, you will receive a decision in 5 business days. If your application is approved, you will receive loan documents that can be reviewed and signed digitally for your convenience.

Quick Access to Your Funds

Once approved, your funds will become available in as soon as 1-3 business days. Funds will be deposited directly into your Needham Bank Business Checking Account. Don’t have an NB Business Checking account? You can open an account at your local branch or we'll travel to meet you before, during or after business.

Business Qualifications

  • At least two years in business
  • Sales between $100,000 and $10 million
  • Minimum personal credit score of 700
  • Business must be located within our assesment area


What are the benefits of using NB Business Online Banking?

NB Business Online Banking is a great solution to managing your business accounts. It allows you to view account history, include multiple entities within one online profile, transfer funds, initiate wire requests, pay your bills and invoices online, pay your federal taxes online, and download your information into QuickBooks. NB Business Online is customizable to your business needs. We can help you save time and be more efficient.

What are my construction to permanent loan options?

You may choose either a 15 or 30 year fixed rate loan.