SBA guarantees are faster than ever now that The Bank of Western Massachusetts has been granted Preferred Lender status by the U.S. Small Business Administration. Preferred Lender is the highest designation given to banks using the SBA's loan guarantee programs. It gives us full lending authority - no outside SBA approvals required! Preferred lenders are chosen from among the SBA's best lenders and enjoy full delegation of lending authority. The SBA has also recognized The Bank of Western Massachusetts in the innovative Low Documentation program. "Low Doc", as it's called, is designed to simplify the loan process for small businesses