Small Business Loans

Built to support how you do business

Running a small business or nonprofit takes vision, persistence, and the right financial support. Our small business solutions are designed to help you manage day-to-day operations, plan for growth, and move forward with confidence, backed by local decision-making and experienced guidance.

Small Business Loan Options

Tailored to how your business works

We offer a variety of loan products designed to address different business priorities, from day-to-day cash needs to larger projects under $500k¹.

Lines of credit — flexible access to funds when you need them
Term loans — fixed loan amounts with structured payments to support larger investments
Real estate loans — financing for acquisition, refinancing, or owner-occupied property
Construction loans — funding for new builds, renovations, and expansions
SBA and government-backed loans — preferred lender options for streamlined SBA financing
Equipment financing — purchase or upgrade business assets

Connect with a Relationship Manager

Small Business Administration (SBA) Loans

SBA preferred lending, made simpler

As an SBA Preferred Lender, Bay State Bank is authorized by the U.S. Small Business Administration to make credit and eligibility decisions directly. This helps streamline the loan process, allowing for faster decisions from application to approval and funding.

Our homegrown lending team works closely with you to understand your goals and guide you through each step.

Benefits:

Faster processing from application to funding
Competitive rates and favorable terms
A trusted, reliable lending partner focused on your success

Learn More

Small Business Toolkits

In Partnership with the Massachusetts Office of the State Treasurer and Receiver General

Planning Your Business

Toolkit

Funding Your Business

Toolkit

Managing Your Business

Toolkit

Small Business Accounting

Toolkit

What Our Business Owners Have to Say

“Our company has been working with Bay State Bank (Grafton St) for over 10 years now. We’re appreciative of the great customer service and attention to detail that Jeff Locke and his team provide to us.”

- Rafael G

“Great customer service and attentiveness to our growing small business! Bay State Bank is big enough for what we need yet small enough to still care about the local community as well as our needs.”

- Brian J.

“The team at Bay State is always willing to help me with my business needs. I’ve been working with them for years, and their support has been invaluable.”

- Ashley J.