16 Worcester Business Journal | May 4, 2026 | wbjournal.com
Most frequent SBA 7(a) lenders
Ranked by total number of loans, then dollar amount of loans, issued statewide in fiscal 2025
Lender
No. of loans
FY 2025/
FY 2024/
FY 2023
% change in no. of loans
FY 2024 to FY 2025/
FY 2023 to FY 2024
Amount of loans
FY 2025/
FY 2024/
FY 2023
% change in amount of loans
FY 2024 to FY 2025/
FY 2023 to FY 2024
1
Eastern Bank
2 South Ave., Natick 01760
617-558-2307 • easternbank.com
314
334
228
-6%
46%
$52,501,500
$44,681,100
$37,728,800
18%
18%
2
TD Bank
295 Park Ave., Worcester 01609
508-752-2584 • tdbank.com
189
238
186
-21%
28%
$23,496,200
$36,131,400
$19,921,000
-35%
81%
3
Rockland Trust Co. (1)
58 Main St., Franklin 02038
508-520-3958 • rocklandtrust.com
140
133
29
5%
359%
$40,923,700
$47,175,900
$11,735,100
-13%
302%
4
M&T Bank
120 Front St., Worcester 01608
508-890-5199 • mtb.com
123
69
35
78%
97%
$13,386,900
$9,561,400
$6,807,800
40%
40%
5
Salem Five Cents Savings Bank
19 Concord Road, Sudbury 01776
978-579-0592 • salemfive.com
72
43
40
67%
8%
$13,775,400
$8,453,000
$6,572,000
63%
29%
6
Beacon Bank (2)
11 Park Ave., Worcester 01605
508-797-6972 • beaconbank.com
55
40
42
38%
-5%
$25,061,200
$25,658,600
$11,249,200
-2%
128%
7
Leader Bank NA
61 Boyden Road, Suite 2, Holden 01520
508-250-1376 • leaderbank.com
26
26
26
0%
0%
$15,800,900
$6,308,900
$7,643,800
150%
-17%
8
Citizens Bank
34 Main St., Natick 01760
508-653-5100 • citizensbank.com
21
16
7
31%
129%
$10,319,000
$5,155,400
$8,411,600
100%
-39%
9
Bank of America
306 Turnpike Road, Westborough 01581
508-366-1780 • bankofamerica.com
20
38
36
-47%
6%
$8,315,000
$13,859,100
$11,192,100
-40%
24%
10
Avidia Bancorp Inc. (Avidia Bank) (3)
42 Main St., Hudson 01749
978-562-2222 • avidiabank.com
19
7
9
171%
-22%
$5,376,000
$2,246,000
$6,265,300
139%
-64%
11
St. Mary's Credit Union
46 Lizotte Drive, Marlborough 01752
508-490-8000 • stmaryscu.org
17
44
44
-61%
0%
$1,533,700
$3,488,600
$3,382,500
-56%
3%
12
Santander Bank NA
51 Gold Star Blvd., Worcester 01605
508-421-9701 • santanderbank.com
14
21
16
-33%
31%
$1,054,000
$1,151,000
$1,218,600
-8%
-6%
13
Webster Five Cents Savings Bank
136 Thompson Road, Webster 01570
508-943-9401 • web5.com
11
17
15
-35%
13%
$1,932,800
$2,337,600
$1,667,000
-17%
40%
14
Needham Bank
17 W. Central St., Natick 01760
508-647-4999 • needhambank.com
8
20
41
-60%
-51%
$2,559,800
$3,227,700
$5,126,100
-21%
-37%
15
North Brookfield Savings Bank
35 Summer St., North Brookfield 01535
508-867-7442 • northbrookfieldsavingsbank.com
8
4
4
100%
0%
$621,500
$384,500
$415,000
62%
-7%
16
Hanscom Federal Credit Union (4)
25 Porter Road, Suite 100, Littleton 01460
800-656-4328 • hfcu.org
6
1
2
500%
-50%
$1,050,000
$100,000
$275,000
950%
-64%
17
Northern Bank & Trust
289 Great Road, Littleton 01460
978-486-3543 • nbtc.com
5
9
4
-44%
125%
$7,916,600
$4,683,000
$2,113,000
69%
122%
18
JPMorgan Chase Bank
120 Worcester Road, Framingham 01702
508-861-1276 • chase.com
5
15
5
-67%
200%
$1,450,000
$3,637,800
$993,000
-60%
266%
19
Middlesex Savings Bank
6 Main St., Natick 01760
508-653-0300 • middlesexbank.com
5
2
7
150%
-71%
$405,600
$235,000
$2,032,000
73%
-88%
20
Bay State Bank
28 Franklin St., Worcester 01608
508-890-9000 • baystatesavings.com
4
1
0
300%
0%
$3,210,000
$131,000
$0
2,350%
0%
21
Country Bank
278 Park Ave., Worcester 01609
800-322-8233 • countrybank.com
4
1
0
300%
0%
$491,200
$300,000
$0
64%
0%
Source: U.S. Small Business Administration as of Dec. 31, 2025. 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 2024 and 2023 were updated,
per the latest U.S. SBA data set.
(1) In July 2025, Rockland Trust Co. and Enterprise Bank & Trust Co. merged.
(2) Created in September 2025 through the merger of equals between Berkshire Hills Bancorp and
Brookline Bancorp. SBA Lender data for this list was filed under Brookline Bank, a Division of
Beacon Bank and Trust.
(3) In August 2025, Avidia converted from a mutual community bank to a publicly traded company.
(4) In February 2026, Littleton-based Hanscom Federal Credit Union announced plans to merge with
Alden Credit Union with an expected completion date in Q4 2026.
-Compiled by: Heide Martin, hmartin@nebusinessmedia.com
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