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Top SBA lenders
Ranked by total number of loans issued in Massachusetts, fiscal year 2019(a)
Lender
No. of loans
FY 2019/
FY 2018/
FY 2017
% change in no. of loans
FY 2018 to FY 2019/
FY 2017 to FY 2018
Amount of loans
FY 2019/
FY 2018/
FY 2017
% change in amount of loans
FY 2018 to FY 2019/
FY 2017 to FY 2018
1
Eastern Bank
2 South Ave., Natick 01760
508-655-4101 • www.easternbank.com
415
565
895
-27%
-37%
$41,690,900
$43,285,500
$57,124,200
-4%
-24%
2
TD Bank
295 Park Ave., Worcester 01609
508-752-2584 • www.tdbank.com
156
227
145
-31%
57%
$12,625,900
$14,203,100
$10,585,400
-11%
34%
3
Citizens Bank
34 Main St., Natick 01760
508-653-5100 • www.citizensbank.com
55
144
210
-62%
-31%
$21,242,642
$21,142,500
$28,062,900
0%
-25%
4
Santander Bank NA
446 Main St., Worcester 01608
508-890-6810 • www.santanderbank.com
49
50
50
-2%
0%
$6,152,700
$4,783,700
$5,062,600
29%
-6%
4
St. Mary's Credit Union
46 Lizotte Drive, Marlborough 01752
508-490-8000 • www.stmaryscu.org
49
36
46
36%
-22%
$1,536,300
$2,022,400
$1,695,600
-24%
19%
6
Salem Five Cents Savings Bank
19 Concord Road, Sudbury 01776
978-579-0592 • www.salemfive.com
39
50
32
-22%
56%
$15,433,400
$11,321,900
$6,274,700
36%
80%
7
UniBank for Savings
49 Church St., Whitinsville 01588
508-234-8112 • www.unibank.com
32
43
64
-26%
-33%
$4,882,800
$3,972,800
$6,759,300
23%
-41%
8
Berkshire Bank
303 Turnpike Road, Westborough 01581
508-366-4750 • www.berkshirebank.com
25
62
145
-60%
-57%
$7,277,500
$5,381,300
$8,824,800
35%
-39%
9
Northern Bank & Trust
265 Great Road, Littleton 01460
978-486-3543 • www.nbtc.com
23
11
2
109%
450%
$11,797,800
$7,761,500
$700,000
52%
1,009%
10
Cornerstone Bank
230 Park Ave., Worcester 01609
508-421-8070 • www.cornerstonebank.com
19
23
21
-17%
10%
$2,982,600
$2,879,900
$1,620,500
4%
78%
11
Rockland Trust Co.
58 Main St., Franklin 02038
508-520-3958 • www.rocklandtrust.com
18
48
96
-63%
-50%
$7,068,000
$11,749,600
$11,820,700
-40%
-1%
12
Webster Five Cents Savings Bank
136 Thompson Road, Webster 01570
800-696-9401 • www.web5.com
17
N/A
N/A
N/A
N/A
$3,583,400
N/A
N/A
N/A
N/A
13
People's United Bank
120 Front St., Worcester 01608
508-890-5199 • www.peoples.com
16
14
21
14%
-33%
$2,190,000
$3,165,000
$7,765,100
-31%
-59%
14
Avidia Bank
42 Main St., Hudson 01749
978-562-2222 • www.avidiabank.com
15
21
33
-29%
-36%
$7,907,600
$14,981,500
$7,592,000
-47%
97%
15
Bank of America
365 Main St., Worcester 01608
508-751-8060 • bankofamerica.com
12
9
3
33%
200%
$5,014,600
$4,518,000
$763,178
11%
492%
16
Enterprise Bank & Trust Co.
65 Main St., Leominster 01453
978-656-5689 • www.enterprisebanking.com
9
12
12
-25%
0%
$2,676,700
$2,985,900
$2,912,000
-10%
3%
17
Workers Credit Union
815 Main St., Fitchburg 01420 (b)
978-345-1021 • www.wcu.com
4
12
9
-67%
33%
$3,583,400
$737,700
$819,500
386%
-10%
Source: U.S. Small Business Administration and lender websites. Notes: The SBA's fiscal year runs from Oct. 1 to Sept. 30.
List includes only lenders with at least one branch in Central Mass.
(a) Lenders listed are for SBA 7(a) loans. Lending eligibility criteria are broader than those of other types of loans such as those associated with the 504 Loan Program.
(b) New Littleton headquarters under construction and expected to open in 2020
- Compiled by: Timothy Doyle, tdoyle@nebusinessmedia.com
Top SBA Lenders
Ranked by total number of loans issued in Massachusetts, fiscal year 2019 (a)
F O C U S S M A L L B U S I N E S S
