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wbjournal.com | Book of Lists 2025 | Worcester Business Journal 17 Most frequent SBA 7(a) lenders Ranked by total number of loans, then amount of loans, issued statewide 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 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% 17 JPMorgan Chase Bank 81 Gold Star Blvd., Worcester 01606 508-926-6920 • chase.com 15 6 1 150% 500% $3,637,800 $1,243,000 $150,000 193% 729% 18 Northern Bank & Trust 265 Great Road, Littleton 01460 978-486-3543 • nbtc.com 9 4 17 125% -76% $4,683,000 $2,113,000 $7,979,900 122% -74% 19 Avidia Bank 42 Main St., Hudson 01749 978-562-2222 • avidiabank.com 7 9 11 -22% -18% $2,246,000 $6,265,300 $4,696,500 -64% 33% 20 North Brookfield Savings Bank 35 Summer St., North Brookfield 01535 508-867-1302 • northbrookfieldsavingsbank.com 4 4 5 0% -20% $384,500 $415,000 $283,500 -7% 46% 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 F O C U S B A N K I N G & F I N A N C E F O C U S 2017 2,368 - - 2018 2,487 5.0% 1.5% 2019 2,395 -3.7% -3.3% 2020 2,383 -0.5% 2.6% 2021 2,731 14.6% 10.1% 2022 2,772 1.5% -2.8% 2023 2,948 6.4% 2.5% 2024 2,904 -1.5% -2.1% Source: WBJ analysis of Massachusetts Secretary of the Commonwealth data New businesses in Central Mass. Since 2021, the growth in the number of new businesses founded in Central Massachusetts each year has outpaced the statewide average. CMass. new businesses CMass. year- over -year change Mass. year- over -year change