A note to potential small business loan applicants:
The Small Business Banking Partnership was created to help banks expand their small business loan programs. We did not require participating banks to create a special loan program for the Partnership. Some institutions have informed us that they will do so, but many banks may use the funds to extend their existing lending programs. Thus, loan officers may not have detailed knowledge of the Partnership.
The Office of the State Treasurer does not directly loan any funds and will not be involved in making any loan determinations. Thus, if you have an interest in seeking a loan under this program, then you should apply for a small business loan at a participating bank in the normal manner.
If you have additional questions or concerns, please contact our office at (617) 367-3900 or partnership@tre.state.ma.us.
Overview
A note to potential small business loan applicants:
The Small Business Banking Partnership was created to help banks expand their small business loan programs. We did not require participating banks to create a special loan program for the Partnership. Some institutions have informed us that they will do so, but many banks may use the funds to extend their existing lending programs. Thus, loan officers may not have detailed knowledge of the Partnership.
The Office of the State Treasurer does not directly loan any funds and will not be involved in making any loan determinations. Thus, if you have an interest in seeking a loan under this program, then you should apply for a small business loan at a participating bank in the normal manner.
If you have additional questions or concerns, please contact our office at (617) 367-3900 or partnership@tre.state.ma.us.
Participating Banks and Loans Issued
| City/Town | Bank Name | Deposit | No. of Loans as of 11/30/2023 |
| Arlington | Leader Bank, N.A. | $10,000,000.00 |
1,766 |
| Boston | M&T Bank | $10,000,000.00 | 62 |
| Brockton | HarborOne Bank | $5,000,000.00 | 347 |
| Cambridge | Cambridge Savings Bank | $5,000,000.00 | 161 |
| East Cambridge | East Cambridge Savings Bank | $10,000,000.00 | 211 |
| Easthampton | Easthampton Savings Bank | $10,000,000.00 | 485 |
| Everett | Everett Co-operative Bank | $10,000,000.00 | 496 |
| Fall River | BankFive | $5,000,000.00 | 28 |
| Fall River | Bay Coast Bank (formerly Citizens-Union Savings Bank) | $10,000,000.00 | 24 |
| Greenfield | Greenfield Savings Bank | $5,000,000.00 | 771 |
| Leominster | Fidelity Bank | $5,000,000.00 | 199 |
| Lowell | Lowell Five Cent Savings Bank | $10,000,000.00 | 296 |
| Mansfield | Bluestone Bank (formerly Mansfield Bank) | $10,000,000.00 | 56 |
| Marlborough | Main Street Savings (formerly Marlborough Bank and North Middlesex Savings) | $10,000,000.00 | 203 |
| Newton | Village Bank | $2,000,000.00 | 253 |
| North Adams | MountainOne Bank (formerly Hoosac Bank & South Coastal Bank) | $10,000,000.00 | 978 |
| Oxford | Hometown Bank, A Co-operative Bank | $10,000,000.00 | 416 |
| Pittsfield | Berkshire Bank (merged with Hampden Bank and Commerce Bank) | $10,000,000.00 | 643 |
| Randolph | Envision Bank (formerly Randolph Savings) | $5,000,000.00 | 55 |
| Reading | Reading Co-operative Bank | $10,000,000.00 | 210 |
| South Weymouth | South Shore Bank | $10,000,000.00 | 578 |
| Southbridge | Cornerstone Bank (formerly South Bridge Savings) | $10,000,000.00 | 262 |
| Southbridge | Savers Co-operative Bank | $10,000,000.00 | 245 |
| Stoneham | Stoneham Bank | $5,000,000.00 | 152 |
| Taunton | Bristol County Savings Bank | $10,000,000.00 | 564 |
| Wakefield | Savings Bank, The | $10,000,000.00 | 57 |
| Walpole | Walpole Co-operative Bank | $10,000,000.00 | 515 |
| Whitman | North Easton Savings Bank (formerly Mutual Bank) | $10,000,000.00 | 401 |
| Worcester | Bay State Savings Bank | $5,000,000.00 | 140 |
| Totals | $242,000,000.00 | 10,574 | |
| Number of Banks | 29 |