Small Business Association

SBA Lending

When appropriate, we work closely with the United States Small Business Administration (SBA) to provide small ­businesses with financing.
Our team is familiar with all the SBA products and programs that are ­available, and can evaluate your loan request to recommend a suitable structure.

• 504 Loan – Long term loans for owner-occupied land, buildings and machinery with special interest rates and down payment requirements
• 7(A) loan and LOWDOC loans to support equipment, fixed assets and working capital needs for businesses

Small Business Banking Partnership

Up to $10 million in state funds available to invest in local businesses

• Designed to help grow small businesses
• Term loans, equipment or real estate financing, commercial lines of credit

As required by the Small Business Banking Partnership program, loans will be granted in sums of no less than $10,000 and no greater than $1,000,000. Since sponsoring this initiative the Bank has generated $108,177,069.20 in loans to the Business Community. As of March 31, 2024, Walpole Co-operative Bank has a total of 106 Small Business Loans with a committed balance of $16,956,668.27.

Jobs for New England (JNE)

Walpole Co-operative Bank has partnered with The Federal Home Loan Bank of Boston (FHLBB) to support local job growth and economic development as part of the JNE Program.

Through the Program, eligible small businesses in New England receive special, subsidized financing to help create and/or retain jobs, or otherwise contribute to overall economic development activities.