There are several small business-friendly banks in Massachusetts that cater to the needs of small businesses. Here are three top options:
1. Eastern Bank:
Eastern Bank is known for its focus on supporting small businesses and has been recognized as the top small business lender in Massachusetts for 12 consecutive years. They offer a wide range of business banking services, including business checking and savings accounts, business loans, lines of credit, and cash management solutions. Eastern Bank also provides specialized support for minority-owned businesses through their Business Equity Initiative program. Additionally, they have a dedicated team of small business experts who understand the unique challenges faced by small businesses and can provide tailored advice and guidance.
- Eastern Bank Small Business Banking: https://www.easternbank.com/business/small-business
2. Rockland Trust:
Rockland Trust is another bank that is known for its small business-friendly approach. They offer a variety of business banking solutions, including business checking and savings accounts, business loans, lines of credit, and cash management services. Rockland Trust also provides specialized support for startups and offers resources such as business planning tools and educational webinars. They have a strong commitment to supporting local businesses and have been recognized as the top small business lender in Massachusetts by the U.S. Small Business Administration.
- Rockland Trust Small Business Banking: https://www.rocklandtrust.com/business/small-business
3. Berkshire Bank:
Berkshire Bank is a community-oriented bank that focuses on providing personalized service to small businesses. They offer a range of business banking products, including business checking and savings accounts, business loans, lines of credit, and merchant services. Berkshire Bank also provides resources and support for small businesses through their Business Resource Center, which offers educational articles, financial calculators, and business planning tools. They have a reputation for building strong relationships with their small business customers and providing responsive and attentive service.
- Berkshire Bank Small Business Banking: https://www.berkshirebank.com/business/small-business
It's important to note that the best small business bank for your specific needs may vary depending on factors such as the size and industry of your business, your financing requirements, and your location within Massachusetts. It's recommended to thoroughly research and compare the offerings, fees, and customer reviews of different banks to find the best fit for your small business.