Small Business Lending

Key Financing and Personalized Support for Your Small Business, from the Experts at BayCoast Bank.

Whether you run a cozy café on Main Street, a boutique flower shop in the heart of the city, or a doggie daycare in the center of town, small businesses on the South Coast of Massachusetts and Rhode Island play a vital role in our local economy.  But sometimes, even the most successful small business needs financial support to get the job done. Trust a local, respected banking team to help you all along the way. Trust BayCoast Bank.

Let Us Help You Achieve Your Business Goals

Our loan decisions are made locally, offering you the convenience and exceptional service you need. Whether your business needs extra capital for payroll, important technology upgrades, real estate or to purchase new equipment, BayCoast Bank’s Small Business Solutions Unit is here to provide the experienced support your business needs to grow and thrive.

The Perfect Partner for Your Business Lending Solutions

The BayCoast name is synonymous with quality and has built a strong reputation for providing exceptional service in our community.  Our team is here to help guide you, so you can focus on building your business with confidence. Whether you’re new to small business ownership or have years of experience, BayCoast Bank is ready to help.  Here are some important details as you get to know BayCoast Bank’s Small Business Solutions Unit.

What Qualifies as a Small Business

At BayCoast Bank, a small business is defined as a new or seasoned business with less than 20 full-time employees and revenues of $1.0 million or less. The business must be located within the Bank’s primary market area, which includes Massachusetts and Rhode Island.  

Small Business Lending Options

BayCoast’s Small Business Solutions Unit offers four lending options for your business:

Term Loans, Vehicle Loans, & Lines of Credit

New Businesses (in operation less than two years).
Maximum loan amount is $50,000

Seasoned Businesses (in operation for more than two years).
Maximum loan amount is $100,000

Commercial Mortgages

New & Seasoned Businesses
Maximum loan amount is $500,000

General Requirements

If you’re interested in applying for a small business loan through BayCoast Bank, please note the following requirements:

  • Loan payments will be auto-debited from a BayCoast Bank business checking account.
  • There is a 1% documentation fee.
  • Unlimited personal guaranty for all owners of 20% or more ownership.
  • Security interest in all business assets (UCC filing).
  • Businesses operating for less than two years will be enhanced with an SBA Express 50% guaranty.
  • Any small business loan with an SBA Express 50% guaranty credit enhancement will incur a $150 packaging fee.
  • Annual financial statements will be required for commercial mortgages only.

All loans and lines are subject to credit approval.

Don’t qualify for these small business lending products? Check out our commercial lending page for more information on additional solutions offered.


Reach your full business potential with our tailored lending services.

Contact Us Today

Let’s have a conversation to see what lending options may be Just Right® for your specific small business needs.

Stephanie Terra Headshot

Stephanie Melo Terra
Vice President, Small Business Lending Manager

  • This field is for validation purposes and should be left unchanged.

Print Friendly, PDF & Email