www.wbjournal.com May 25, 2015 • Worcester Business Journal 17
Top SBA lenders in Central Mass. *
Ranked by total amount of loans issued in Massachusetts, FY 2014 (Oct. 1, 2013 – Sept. 30, 2014)
Name
Amount of loans FY 2014/
Amount of loans FY 2013
% increase or decrease
in amount of loans
No. of loans FY 2014/
No. of loans FY 2013
% increase or decrease
in number of loans
1
Eastern Bank
2 South Ave., Natick, MA 01760
508-655-4101 • www.easternbank.com
$37,073,000
$22,259,000
67%
672
431
56%
2
Rockland Trust Co.
221 Main St. , Milford, MA 01757
508-478-7000 • www.rocklandtrust.com
$16,427,600
$10,052,900
63%
109
61
79%
3
Santander Bank NA **
446 Main St., Worcester, MA 01608
508-890-6810 • www.santanderbank.com
$15,442,700
$11,654,800 ***
33%
121
104 ***
16%
4
TD Bank
295 Park Ave., Worcester, MA 01609
508-752-2584 • www.tdbank.com
$13,209,200
$11,108,200
19%
63
55
15%
5
Avidia Bank
42 Main St., Hudson, MA 01749
978-562-2222 • www.avidiabank.com
$9,268,000
$5,905,000
57%
10
7
43%
6
Salem Five Cents Savings Bank
19 Concord Rd., Sudbury, MA 01776
800-850-8000 • www.salemfive.com
$8,861,400
$5,737,300
54%
27
13
108%
7
People's United Bank
491 Shrewsbury St., Worcester, MA 01604
508-890-7640 • www.peoples.com
$6,401,600
$9,689,400
-34%
14
29
-52%
8
Citizens Bank
303 Worcester Rd., Framingham, MA 01701
508-879-6000 • www.citizensbank.com
$6,268,000
$1,353,000
363%
79
16
394%
9
MutualOne Bank
828 Concord St., Framingham, MA 01701
508-820-4000 • www.mutualone.com
$6,051,700
$2,519,800
140%
28
18
56%
10
Enterprise Bank & Trust Co.
4 Central St., Leominster, MA 01453
978-534-7400 • www.enterprisebanking.com
$4,801,000
$4,952,000
-3%
16
23
-30%
11
Cambridge Savings Bank
145 Great Rd., Acton, MA 01720
617-864-8700 • www.cambridgesavings.com
$4,558,600
$13,685,300
-67%
49
52
-6%
12
Bristol County Savings Bank
375 W. Central St., Franklin, MA 02038
508-528-2666 • www.bristolcountysavings.com
$4,348,000
$250,000
1,639%
26
3
767%
13
Middlesex Savings Bank
6 Main St., Natick, MA 01760
508-653-0300 • www.middlesexbank.com
$3,681,200
$2,940,000
25%
18
13
38%
14
Charles River Bank
70 Main St., Medway, MA 02053
508-533-8661 • www.charlesriverbank.com
$3,240,000
$339,000
856%
9
5
80%
15
Commerce Bank & Trust Co.
386 Main St., Worcester, MA 01608
508-797-6842 • www.bankatcommerce.com
$2,723,400
$1,439,100
89%
39
26
50%
16
UniBank for Savings
49 Church St., Whitinsville, MA 01588
508-234-8112 • www.unibank.com
$2,457,000
$2,922,400
-16%
36
27
33%
Source: U.S. Small Business Administration, lender websites and the FDIC website at www.fdic.gov. Note: The SBA's fiscal year runs from Oct. 1 to Sept. 30 each year.
* Lenders listed are only for SBA 7(a) loans as their lending eligibility criteria are broader than those of other types of loans such as the 504 Loan Program.
** Previously Sovereign Bank NA
*** For Sovereign Bank NA
- Compiled by: Roger Magnus and Heide Martin, rmagnus@nebusinessmedia.com
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