Independence Bank Fantastic Sams SBA Loans in Massachusetts — 3 Funded
Massachusetts loan data 2002–2003 · Updated April 2026
Independence Bank has funded 3 SBA loans to Fantastic Sams franchisees in Massachusetts, totaling $417K in approved financing across 3 cities.
The average Fantastic Sams loan in Massachusetts from Independence Bank is $139K, with terms averaging 120 months. The Massachusetts default rate is 0% based on 3 resolved loans — 36.4 points lower than Independence Bank's national Fantastic Sams default rate of 36.4%. Massachusetts represents 23.1% of Independence Bank's total Fantastic Sams lending nationally.
How Massachusetts Compares to Independence Bank's National Fantastic Sams Lending
Looking to fund a Fantastic Sams franchise in Massachusetts?
Independence Bank is one of 2+ lenders who have funded Fantastic Sams in Massachusetts. We can help you compare options and connect with lenders experienced in this brand and state — no retainers, referral fee at closing.
Independence Bank Fantastic Sams Loan Performance in Massachusetts
Based on 3 SBA loans originated by Independence Bank for Fantastic Sams franchisees with Massachusetts addresses, the Massachusetts-specific lending relationship spans 2002–2003. Of 3 resolved Massachusetts loans, 3 were paid in full and 0 resulted in chargeoffs.
The Massachusetts loan size range extends from $125K to $150K, indicating Independence Bank funds both smaller single-unit Fantastic Sams operations and larger multi-unit or renovation projects in Massachusetts.
The 0% Massachusetts default rate is a strong indicator of loan quality. This suggestsIndependence Bank has effective underwriting standards for Fantastic Sams deals in Massachusetts and/or Massachusetts Fantastic Sams franchisees have strong unit economics that support debt service. For prospective Massachusetts borrowers, this is an encouraging signal — Independence Bankunderstands the Fantastic Sams business model in this market and has a track record of successful outcomes here.
SBA Programs Used for Fantastic Sams Loans in Massachusetts
| Program | Loans | Avg Size | Avg Rate | Avg Term |
|---|---|---|---|---|
| SBA 7A | 3 | $139K | N/A | 120 mo |
Where in Massachusetts Independence Bank Funds Fantastic Sams Locations
| City | Loans | Avg Loan Size | Total Volume | Default Rate |
|---|---|---|---|---|
| Stoughton | 1 | $142K | $142K | 0% — Low Risk |
| Charlestown | 1 | $150K | $150K | 0% — Low Risk |
| Hyannis | 1 | $125K | $125K | 0% — Low Risk |
Independence Bank's strongest Fantastic Sams lending presence in Massachusetts is concentrated in Stoughton (1 loans), Charlestown (1 loans), Hyannis (1 loans).
Independence Bank Fantastic Sams Lending in Massachusetts Over Time
| Year | Loans | Avg Size | Total Volume | Avg Rate |
|---|---|---|---|---|
| 2003 | 2 | $146K | $292K | — |
| 2002 | 1 | $125K | $125K | — |
Other Lenders That Fund Fantastic Sams in Massachusetts
Independence Bank is not the only lender funding Fantastic Sams in Massachusetts. Compare 1 other banks who have originated Fantastic Sams SBA loans to Massachusetts borrowers.
| Lender | Massachusetts Loans | Avg Size | Default Rate |
|---|---|---|---|
| Independence Bank (this page) | 3 | $139K | 0% — Low Risk |
| The Bancorp Bank National Association | 2 | $167K | 50% — High Risk |
Other Franchises Independence Bank Funds in Massachusetts
Independence Bank is active in Massachusetts franchise lending beyond Fantastic Sams. Other Massachusetts franchise brands they have funded:
Independence Bank Fantastic Sams Lending in Other States
Independence Bank has also funded Fantastic Sams franchisees in 1 other states. View state-specific data:
How to Get an SBA Loan for a Fantastic Sams Franchise in Massachusetts
If you're considering a Fantastic Sams franchise in Massachusetts and want to finance through Independence Bank or another SBA lender, here's what you need to know based on our analysis of 3 historical Massachusetts loans.
Verify Your Qualifications
Most SBA franchise loans require a 680+ credit score, 20-30% down payment, and relevant industry or management experience.Fantastic Sams's franchise fee and total investment determine minimum capital requirements.
Compare Massachusetts Lenders
2 lenders have funded Fantastic Sams in Massachusetts. Lenders with more local Fantastic Sams experience typically close faster because they understand both the brand and the local market. Compare rates, default rates, and city coverage above.
Get Pre-Qualified
PeerSense matches Massachusetts borrowers with lenders who have a proven track record funding Fantastic Sams in your state. No retainers — our referral fee is paid at closing. Get matched in 24 hours.
Expected loan terms based on Massachusetts historical data: The average Fantastic Sams SBA loan from Independence Bank in Massachusetts is $139K with a 120-month term.Massachusetts loan amounts range from $125K to $150K.
Ready to Fund Your Fantastic Sams Franchise in Massachusetts?
We connect you with lenders who have already funded Fantastic Sams in Massachusetts — so you can compare terms and close with confidence. No retainers. Referral fee paid at closing.