Invest MA Loan Program

Helping small businesses in MA reach their full potential.

The Invest MA Loan Program aims to support economic stability and encourage job growth and retention by providing financing to eligible¹ small businesses and entrepreneurs in Massachusetts.

A promotional interest rate floating daily at the published Wall Street Journal Prime Rate -1.00% will be offered for the first two years of the loan, pending credit worthiness. As of 12/21/2024, the variable introductory rate would be 6.500% APR².

Minimum loan amount is $10,000 and maximum loan amount is $1,000,000
5, 7, or 10-year loan terms available
No pre-payment penalty
Funds from financing must be used to support business expansion, new construction³, equipment purchases, or other initiatives that support the creation and/or retention of jobs in Massachusetts
The loan recipient must establish a depository relationship with BankFive prior to loan closing and must maintain the deposit relationship throughout the life of the loan

To learn more about the Invest MA Loan Program and determine eligibility, fill out the form on this page and someone will be in touch soon.

¹Loan recipient must be a small business with annual gross revenue of less than $5,000,000. Veteran-owned, women-owned, and minority-owned businesses are encouraged to apply. Loan recipient must demonstrate that the loan will support job creation and/or retention with reporting on a quarterly basis. Approved loans will be subject to a $250 loan documentation fee. This loan product will be available for application to eligible small businesses until January of 2026, unless otherwise extended by BankFive.

²APR During the Introductory Period: For the first 24 months, the Annual Percentage Rate (APR) is Wall Street Journal "WSJ" Prime Rate minus 1.000%, floating on a daily basis. During this time the APR is variable and subject to change with the WSJ Prime Rate as published. As of 12/21/2024, the introductory APR in effect would be 6.500% based on Wall Street Journal Prime Rate of 7.500%. APR After the Introductory Period: After the first 24 months, the 1.000% discount will end, and the rate will adjust beginning on the 25th month to the WSJ Prime Rate as published +1.000%, floating on a daily basis. The rate will never adjust below 5.000%. APR is variable and subject to change as the WSJ Prime Rate changes as often as daily.

³ Investment real estate not eligible.

Interested? Contact Us Today.

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Comments:

Jul 19

Excellent customer service

Richard

Jul 18

Stable bank. Customer service is always professional. Any Questions they get back to you right away.

Sharon

Feb 14

Setting up a new business account was a wonderful experience. I was assisted right away and the account was up and running quickly. A very friendly, knowledgeable, and attentive team at BankFive! Thank you!

Adam

Nov 30

The personal care and attention from the account reps is unmatched. They are a true partnership with my businesses and would not be as successful without them.

Joseph Moss

Jun 03

Bank Five has the nicest people to help with the borrowing process.. Recently we closed on a loan through Bank Five. As self employed people borrowing is always a complicated process, but they guided us through to a very smooth transaction. We definitely chose the right lender and would highly recommend .

Nina Fulton Tolken

Feb 23

We use BankFive for our real estate business, rental property, and other accounts. Very happy with the service. Fees are more reasonable relative to other banks.

Bob Caron