wbjournal.com | May 16, 2022 | Worcester Business Journal 15
Top SBA 7(a) lenders (1)
Ranked by total number of loans issued in Massachusetts, fiscal year 2021
Lender
No. of loans
FY 2021/
FY 2020/
FY 2019
% change in no. of loans
FY 2020 to FY 2021/
FY 2019 to FY 2020
Amount of loans
FY 2021/
FY 2020/
FY 2019
% Change in amount of loans
FY 2020 to FY 2021/
FY 2019 to FY 2020
1
Eastern Bank
2 South Ave., Natick 01824
978-256-3733 • www.easternbank.com
180
405
413
-56%
-2%
$33,882,800
$35,041,000
$39,392,100
-3%
-11%
2
TD Bank
295 Park Ave., Worcester 01609
508-752-2584 • www.tdbank.com
67
79
137
-15%
-42%
$15,372,200
$11,722,400
$11,609,900
31%
1%
3
Rockland Trust Co.
58 Main St., Franklin 02038
508-520-3958 • www.rocklandtrust.com
34
15
18
127%
-17%
$17,035,500
$9,131,700
$9,045,000
87%
1%
4
St. Mary's Credit Union
46 Lizotte Drive, Marlborough 01752
508-490-8000 • www.stmaryscu.org
30
40
28
-25%
43%
$2,382,900
$2,567,000
$1,410,400
-7%
82%
5
Needham Bank
41 Front St., Ashland 01721
508-881-1088 • www.needhambank.com
29
14
15
107%
-7%
$8,265,000
$2,089,000
$3,615,300
296%
-42%
6
Berkshire Bank
303 Turnpike Road, Westborough 01581
508-366-4750 • www.berkshirebank.com
26
15
25
73%
-40%
$19,586,700
$10,866,000
$7,277,500
80%
49%
6
Salem Five Cents Savings Bank
19 Concord Road, Sudbury 01776
978-579-0592 • www.salemfive.com
26
25
34
4%
-26%
$10,674,600
$8,241,800
$6,906,000
30%
19%
8
Bristol County Savings Bank
375 W. Central St., Franklin 02038
508-528-2666 • www.bristolcountysavings.com
19
19
22
0%
-14%
$3,770,000
$3,009,000
$2,690,300
25%
12%
9
Citizens Bank
34 Main St., Natick 01760
508-653-5100 • www.citizensbank.com
16
16
41
0%
-61%
$17,146,000
$11,654,000
$13,286,200
47%
-12%
10
Avidia Bank
42 Main St., Hudson 01749
978-562-2222 • www.avidiabank.com
12
6
14
100%
-57%
$6,171,500
$2,015,000
$7,670,600
206%
-74%
11
Northern Bank & Trust
265 Great Road, Littleton 01460
978-486-3543 • www.nbtc.com
11
10
23
10%
-57%
$3,327,100
$3,327,000
$11,192,800
0%
-70%
11
Workers Credit Union
119 Russell St., Littleton 01460
978-345-1021 • www.wcu.com
11
2
4
450%
-50%
$1,262,200
$75,000
$266,500
1,583%
-72%
13
People's United Bank
120 Front St., Worcester 01608
508-890-5199 • www.peoples.com
10
19
DND
-47%
$4,798,300
$3,452,300
DND
39%
14
Enterprise Bank & Trust Co.
65 Main St., Leominster 01453
978-656-5689 • www.enterprisebanking.com
9
7
8
29%
-13%
$2,607,000
$2,660,500
$2,626,700
-2%
1%
15
UniBank for Savings
49 Church St., Whitinsville 01588
508-234-8112 • www.unibank.com
6
2
28
200%
-93%
$387,700
$52,000
$3,800,800
646%
-99%
Source: U.S. Small Business Administration. Notes: The SBA fiscal year runs from Oct. 1 to Sept. 30. List includes only lenders with at least one branch in Central Mass.
(1) 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.
-Compiled by: Timothy Doyle, tdoyle@nebusinessmedia.com
LO KING
Many of our doctors are welcoming new patients.
Meet them at reliantmedicalgroup.org.
for a new doctor?
S M A L L B U S I N E S S F O C U S
