16 Worcester Business Journal | September 4, 2017 | wbjournal.com
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Top SBA lenders
Ranked by total number of loans issued in Massachusetts, fiscal year 2016*
Name
No. of loans FY 2016/
no. of loans FY 2015
% increase or decrease
in number of loans
Amount of loans FY 2016/
amount of loans FY 2015
% increase or decrease
in amount of loans
1
Eastern Bank
2 South Ave., Natick 01760
508-655-4101 • www.easternbank.com
798
815
-2%
$49,333,200
$46,049,200
7%
2
Citizens Bank
19 Temple St., Framingham 01701
508-424-0601 • www.citizensbank.com
226
124
82%
$37,012,500
$17,340,100
113%
3
Berkshire Bank
303 Turnpike Road, Westborough 01581
800-773-5601 • www.berkshirebank.com
175
119
47%
$17,189,600
$6,699,100
157%
4
Rockland Trust Co.
58 Main St., Franklin 02038
508-520-3958 • www.rocklandtrust.com
105
100
5%
$11,370,300
$13,091,900
-13%
5
TD Bank
295 Park Ave., Worcester 01609
508-752-2584 • www.tdbank.com
99
84
18%
$13,405,300
$9,405,000
43%
6
Santander Bank NA
446 Main St., Worcester 01608
508-890-6810 • www.santanderbank.com
65
89
-27%
$6,488,500
$20,140,500
-68%
7
Cambridge Savings Bank
145 Great Road, Acton 01720
617-575-8514 • www.cambridgesavings.com
51
39
31%
$7,790,400
$6,823,000
14%
7
St. Mary's Credit Union
46 Lizotte Drive, Marlborough 01752
508-490-8000 • www.stmaryscu.org
51
26
96%
$2,213,400
$1,650,000
34%
9
UniBank for Savings
24 Gold Star Blvd., Worcester 01605
508-756-0807 • www.unibank.com
45
17
165%
$3,192,200
$1,125,700
184%
10
Salem Five Cents Savings Bank
19 Concord Road, Sudbury 01776
800-850-5000 • www.salemfive.com
37
21
76%
$4,970,900
$10,141,000
-51%
11
Bristol County Savings Bank
375 W. Central St., Franklin 02038
508-528-2666 • www.bristolcountysavings.com
28
29
-3%
$4,265,500
$6,508,000
-34%
12
bankHometown
31 Sutton Ave., Oxford 01540
508-987-1200 • www.hometowncoop.com
25
6
317%
$3,887,000
$607,600
540%
13
Avidia Bank
42 Main St., Hudson 01749
978-562-2222 • www.avidiabank.com
24
13
85%
$8,420,800
$8,168,000
3%
14
Enterprise Bank & Trust Co.
4 Central St., Leominster 01453
978-534-7400 • www.enterprisebanking.com
19
12
58%
$5,200,200
$1,960,800
165%
15
Middlesex Savings Bank
6 Main St., Natick 01760
508-653-0300 • www.middlesexbank.com
15
9
67%
$3,666,000
$1,540,000
138%
15
SpencerBANK **
230 Park Ave., Worcester 01609
508-421-8070 • www.cornerstonebank.com
15
22
-32%
$1,885,200
$3,322,000
-43%
Source: U.S. Small Business Administration and lender websites. Note: The SBA's fiscal year runs from Oct. 1 to Sept. 30.
* 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.
** Now doing business as Cornerstone Bank
- Compiled by: Heide Martin, hmartin@nebusinessmedia.com
Top SBA lenders
Ranked by total number of loans issued in Massachusetts, fiscal year 2016 *
Source: U.S. Small Business Administration and lender websites. Note: The SBA's fiscal year runs from Oct. 1 to Sept. 30.
* 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.
** Now doing business as Cornerstone Bank
- Compiled by: Heide Martin, hmartin@nebusinessmedia.com
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