SBA 7(a) lenders in Essex, MA

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

129 institutions have SBA 7(a) loans on record in Essex, together $794.5M across 4,677 loans. Eastern Bank is the largest, with 18% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Eastern Bank	1,872	$139.8M	17.6%	3.32%
2	Salem Five Cents Savings Bank	412	$79.6M	10.0%	2.26%
3	TD Bank, National Association	439	$53.8M	6.8%	2.66%
4	Live Oak Banking Company	39	$48.0M	6.0%	0.81%
5	Rockland Trust Company	150	$43.7M	5.5%	1.06%
6	TruNorth Bank	147	$23.8M	3.0%	1.58%
7	Beacon Bank and Trust	89	$22.9M	2.9%	0.00%
8	Manufacturers and Traders Trust Company	165	$22.7M	2.9%	1.36%
9	Needham Bank	77	$19.7M	2.5%	0.00%
10	Newtek Small Business Finance, Inc.	25	$17.3M	2.2%	0.40%
11	Santander Bank, National Association	158	$15.5M	1.9%	2.10%
12	Wells Fargo Bank National Association	22	$14.3M	1.8%	0.00%
13	Webster Bank National Association	51	$13.5M	1.7%	11.62%
14	Readycap Lending, LLC	27	$12.6M	1.6%	0.00%
15	Bank of America, National Association	39	$12.1M	1.5%	0.53%
16	Citizens Bank, National Association	117	$11.7M	1.5%	2.62%
17	Newtek Bank, National Association	21	$10.9M	1.4%	0.00%
18	Cambridge Savings Bank	25	$9.9M	1.2%	1.01%
19	Happen Bank	19	$8.7M	1.1%	0.00%
20	Northern Bank and Trust Company	9	$8.6M	1.1%	0.00%
21	BankGloucester	45	$8.4M	1.1%	6.17%
22	Newburyport Five Cents Savings Bank	59	$8.1M	1.0%	0.00%
23	BrightBridge Credit Union	82	$7.7M	1.0%	11.48%
24	Pentucket Bank	26	$7.6M	1.0%	4.39%
25	Institution for Savings In Newburyport and its Vicinity	66	$6.9M	0.9%	0.23%
26	Northeast Bank	34	$6.3M	0.8%	0.45%
27	First Bank of the Lake	6	$6.2M	0.8%	0.00%
28	Northwest Bank	4	$6.0M	0.8%	0.00%
29	SouthState Bank, National Association	6	$5.9M	0.7%	0.00%
30	KeyBank National Association	6	$4.9M	0.6%	27.36%
31	The Huntington National Bank	18	$4.8M	0.6%	0.00%
32	East Cambridge Savings Bank	2	$4.8M	0.6%	0.00%
33	Avidia Bank	7	$4.8M	0.6%	0.00%
34	Leader Bank, National Association	43	$4.6M	0.6%	2.61%
35	Celtic Bank Corporation	15	$4.6M	0.6%	1.35%
36	Evolve Bank and Trust	2	$4.6M	0.6%	0.00%
37	Fifth Third Bank	2	$4.1M	0.5%	0.00%
38	Middlesex Savings Bank	6	$4.1M	0.5%	0.00%
39	United Midwest Savings Bank National Association	11	$4.0M	0.5%	0.00%
40	Independence Bank	13	$3.8M	0.5%	4.44%
41	Byline Bank	3	$3.7M	0.5%	0.00%
42	Customers Bank	4	$3.6M	0.4%	0.00%
43	First National Bank of Pennsylvania	3	$3.5M	0.4%	0.00%
44	Cape Ann Savings Bank	32	$3.3M	0.4%	4.19%
45	BayFirst National Bank	22	$3.1M	0.4%	9.37%
46	First-Citizens Bank & Trust Company	2	$3.0M	0.4%	0.00%
47	PNC Bank, National Association	4	$2.8M	0.3%	0.00%
48	Stearns Bank National Association	8	$2.6M	0.3%	13.27%
49	Belmont Bank & Trust Company	1	$2.5M	0.3%	0.00%
50	Haverhill Bank	15	$2.4M	0.3%	0.00%
51	FDIC - Community Bank & Trust-West Georgia	3	$2.2M	0.3%	0.00%
52	United Community Bank	2	$2.2M	0.3%	0.00%
53	Reading Co-Operative Bank	11	$2.1M	0.3%	0.00%
54	Align Credit Union	11	$1.9M	0.2%	5.57%
55	Primary Bank	7	$1.9M	0.2%	0.00%
56	Citibank, N.A.	1	$1.8M	0.2%	0.00%
57	Ameris Bank	1	$1.8M	0.2%	0.00%
58	First Bank	2	$1.7M	0.2%	0.00%
59	The Lowell Five Cent Savings Bank	5	$1.7M	0.2%	0.00%
60	First Merchants Bank	3	$1.7M	0.2%	0.00%
61	Associated Bank National Association	3	$1.6M	0.2%	0.00%
62	Citizens Bank	5	$1.6M	0.2%	13.79%
63	Hanscom FCU	6	$1.6M	0.2%	0.00%
64	First Commonwealth Bank	1	$1.6M	0.2%	0.00%
65	Enterprise Bank & Trust	2	$1.5M	0.2%	0.00%
66	HomeTrust Bank	2	$1.4M	0.2%	0.00%
67	U.S. Bank, National Association	1	$1.4M	0.2%	0.00%
68	FinWise Bank	1	$1.3M	0.2%	0.00%
69	Kennebunk Savings Bank	5	$1.3M	0.2%	0.00%
70	Lendistry SBLC, LLC	4	$1.3M	0.2%	0.00%
71	JPMorgan Chase Bank, National Association	5	$1.3M	0.2%	0.00%
72	The National Grand Bank of Marblehead	15	$1.3M	0.2%	0.00%
73	Five Star Bank	7	$1.2M	0.2%	0.00%
74	VelocitySBA, LLC	16	$1.2M	0.2%	2.40%
75	Harvest Small Business Finance, LLC	2	$1.2M	0.1%	0.00%
76	The Savings Bank	8	$1.1M	0.1%	0.00%
77	First Seacoast Bank	1	$1.1M	0.1%	0.00%
78	Metro CU	15	$1.0M	0.1%	4.09%
79	Androscoggin Savings Bank	2	$974K	0.1%	0.00%
80	Gulf Coast Bank	1	$927K	0.1%	0.00%
81	Coastal States Bank	1	$895K	0.1%	0.00%
82	Grasshopper Bank National Association	3	$893K	0.1%	0.00%
83	MountainOne Bank	2	$850K	0.1%	0.00%
84	The Millyard Bank	1	$825K	0.1%	0.00%
85	Camden National Bank	2	$742K	0.1%	0.00%
86	TowneBank	1	$738K	0.1%	0.00%
87	T Bank, National Association	1	$698K	0.1%	0.00%
88	Fountainhead SBF LLC	1	$631K	0.1%	0.00%
89	MASSACHUSETTS BUSINESS	1	$600K	0.1%	0.00%
90	Merchants Bank of Indiana	1	$598K	0.1%	0.00%
91	MutualOne Bank	4	$581K	0.1%	0.00%
92	St. Jean's CU	3	$560K	0.1%	0.00%
93	First Bank	1	$560K	0.1%	0.00%
94	The Bank of Houston	1	$540K	0.1%	0.00%
95	Bangor Savings Bank	3	$532K	0.1%	0.00%
96	Hanover Community Bank	1	$500K	0.1%	0.00%
97	Magnifi Financial CU	2	$491K	0.1%	0.00%
98	Seacoast National Bank	1	$450K	0.1%	0.00%
99	Main Street Bank	1	$425K	0.1%	0.00%
100	Popular Bank	2	$401K	0.1%	0.00%
101	NorthEast Community Bank	2	$370K	0.0%	0.00%
102	Service FCU	3	$351K	0.0%	0.00%
103	Colony Bank	3	$335K	0.0%	0.00%
104	Cornerstone Bank	1	$325K	0.0%	0.00%
105	Salem Co-operative Bank	5	$315K	0.0%	0.00%
106	The Bancorp Bank National Association	2	$291K	0.0%	57.85%
107	Connecticut Community Bank, National Association	1	$291K	0.0%	0.00%
108	NBT Bank, National Association	2	$269K	0.0%	0.00%
109	Strafford Economic Development Corporation	1	$250K	0.0%	0.00%
110	Merrimack County Savings Bank	1	$200K	0.0%	0.00%
111	Simmons Bank	1	$200K	0.0%	0.00%
112	The Fidelity Bank	1	$198K	0.0%	0.00%
113	Everett Co-operative Bank	2	$182K	0.0%	0.00%
114	Ascendus, Inc.	1	$150K	0.0%	0.00%
115	CenTrust Bank, A Division of SmartBiz Bank National Association	1	$150K	0.0%	0.00%
116	First Internet Bank of Indiana	1	$125K	0.0%	0.00%
117	Columbia Bank	1	$125K	0.0%	0.00%
118	Eagle Bank	1	$125K	0.0%	0.00%
119	Capital One National Association	4	$115K	0.0%	42.10%
120	CRF Small Business Loan Company, LLC	1	$115K	0.0%	74.97%
121	Dedham Institution for Savings	1	$100K	0.0%	0.00%
122	South Shore Bank	1	$100K	0.0%	0.00%
123	Monson Savings Bank	3	$95K	0.0%	0.00%
124	Webster First FCU	1	$89K	0.0%	50.26%
125	Marblehead Bank	1	$85K	0.0%	0.00%
126	UniBank for Savings	1	$78K	0.0%	0.00%
127	Bank of New England	1	$70K	0.0%	0.00%
128	Florence Bank	1	$25K	0.0%	0.00%
129	Workers FCU	1	$15K	0.0%	0.00%

Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.

What the money went into

Rank	Industry	Loans	Approved	Share of county
1	Health care & social assistance	441	$116.2M	14.6%
2	Professional & technical services	715	$98.9M	12.5%
3	Accommodation & food services	408	$89.2M	11.2%
4	Construction	643	$72.9M	9.2%
5	Other services	539	$72.8M	9.2%
6	Retail trade	323	$64.1M	8.1%
7	Manufacturing	131	$45.0M	5.7%
8	Administrative & waste services	356	$41.1M	5.2%
9	Wholesale trade	178	$35.2M	4.4%
10	Arts, entertainment & recreation	108	$24.9M	3.1%
11	Finance & insurance	88	$24.7M	3.1%
12	Transportation & warehousing	156	$24.3M	3.1%
13	Retail trade	162	$19.5M	2.5%
14	Manufacturing	66	$15.5M	2.0%
15	Manufacturing	90	$12.7M	1.6%
16	Educational services	72	$10.0M	1.3%
17	Real estate & leasing	82	$9.6M	1.2%
18	Information	58	$8.0M	1.0%
19	Agriculture, forestry & fishing	30	$5.1M	0.6%
20	Transportation & warehousing	28	$3.7M	0.5%
21	Utilities	2	$870K	0.1%
22	Management of companies	1	$125K	0.0%

Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.

About this data

Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.