38 Worcester Business Journal | May 5, 2025 | wbjournal.com
Most frequent SBA 7(a) lenders
Ranked by total number of loans, then amount of loans, issued in Massachusetts in fiscal year 2024
Lender
No. of loans
FY 2024/
FY 2023/
FY 2022
% change in no. of loans
FY 2023 to FY 2024/
FY 2022 to FY 2023
Amount of loans
FY 2024/
FY 2023/
FY 2022
% change in amount of loans
FY 2023 to FY 2024/
FY 2022 to FY 2023
1
Eastern Bank
2 South Ave., Natick 01760
617-558-2307 • easternbank.com
304
213
223
43%
-4%
$37,695,100
$35,695,100
$29,051,500
6%
23%
2
TD Bank
295 Park Ave., Worcester 01609
508-752-2584 • tdbank.com
239
189
73
26%
159%
$36,156,400
$19,941,000
$7,373,700
81%
170%
3
Rockland Trust Co.
301 Grove St., Worcester 01605
508-926-8813 • rocklandtrust.com
116
21
14
452%
50%
$42,120,700
$9,909,100
$4,153,500
325%
139%
4
M&T Bank
120 Front St., Worcester 01608
508-890-5199 • mtb.com
70
35
4
100%
775%
$9,621,400
$6,807,800
$340,000
41%
1,902%
5
Bank of America NA
306 Turnpike Road, Westborough 01581
508-366-1780 • bankofamerica.com
44
36
12
22%
200%
$16,151,600
$11,192,100
$5,387,600
44%
108%
6
St. Mary's Credit Union
46 Lizotte Drive, Marlborough 01752
508-490-8000 • stmaryscu.org
44
44
39
0%
13%
$3,488,600
$3,382,500
$2,638,900
3%
28%
7
Salem Five Cents Savings Bank
19 Concord Road, Sudbury 01776
978-579-0592 • salemfive.com
43
40
30
8%
33%
$8,453,000
$6,572,000
$10,194,400
29%
-36%
8
Bristol County Savings Bank
375 W. Central St., Franklin 02038
508-528-2666 • bristolcountysavings.com
31
14
17
121%
-18%
$2,865,500
$1,473,000
$2,664,700
95%
-45%
9
Leader Bank NA
61 Boyden Road, Suite 2, Holden 01520
781-544-2569 • leaderbank.com
26
26
15
0%
73%
$6,308,900
$7,643,800
$8,377,000
-17%
-9%
10
UniBank for Savings
49 Church St., Whitinsville 01588
508-234-8112 • unibank.com
23
21
1
10%
2,000%
$1,306,600
$1,673,400
$125,000
-22%
1,239%
11
Santander Bank NA
51 Gold Star Blvd., Worcester 01605
508-421-9701 • santanderbank.com
22
16
30
38%
-47%
$1,161,000
$1,218,600
$1,603,100
-5%
-24%
12
Berkshire Bank
11 Park Ave., Worcester 01605
508-797-6972 • berkshirebank.com
21
12
13
75%
-8%
$23,129,100
$7,170,000
$9,537,800
223%
-25%
13
Enterprise Bank & Trust Co.
65 Main St., Leominster 01453
978-534-7400 • enterprisebanking.com
19
8
15
138%
-47%
$5,450,200
$1,826,000
$4,600,500
198%
-60%
14
Needham Bank
17 W. Central St., Natick 01760
508-647-4999 • needhambank.com
19
40
55
-53%
-27%
$2,328,500
$4,894,100
$7,394,700
-52%
-34%
15
Webster Five Cents Savings Bank
35 Millbury St., Auburn 01501
800-696-9401 • web5.com
17
15
15
13%
0%
$2,337,600
$1,667,000
$2,780,600
40%
-40%
16
Citizens Bank
34 Main St., Natick 01760
508-653-5100 • citizensbank.com
16
7
11
129%
-36%
$5,155,400
$8,411,600
$5,342,900
-39%
57%
Source: U.S. Small Business Administration as of Dec. 31, 2024. Notes: The SBA fiscal year runs from Oct. 1 to Sept. 30. List includes only lenders with at least one branch in Central Mass. Lenders listed
are for SBA 7(a) loans; eligibility criteria are broader than those of other types of loans such as 504 loans. Canceled loans are not included. Some data points for fiscal years 2023 and 2022 were updated,
per the latest U.S. SBA data set.
-Compiled by: Heide Martin, hmartin@nebusinessmedia.com
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