SBA 7(a) lenders in Worcester, MA

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

Lenders

140 institutions have SBA 7(a) loans on record in Worcester, together $745.9M across 3,200 loans. Beacon Bank and Trust is the largest, with 7% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Beacon Bank and Trust	269	$54.0M	7.2%	2.43%
2	Live Oak Banking Company	41	$51.9M	7.0%	0.00%
3	Rockland Trust Company	140	$49.9M	6.7%	0.57%
4	Avidia Bank	82	$46.5M	6.2%	2.54%
5	TD Bank, National Association	298	$42.1M	5.7%	5.28%
6	Manufacturers and Traders Trust Company	120	$41.8M	5.6%	0.38%
7	Cornerstone Bank	197	$25.9M	3.5%	4.26%
8	UniBank for Savings	353	$25.5M	3.4%	0.64%
9	Webster Bank National Association	29	$18.5M	2.5%	0.32%
10	bankHometown	105	$18.2M	2.4%	0.11%
11	Eastern Bank	137	$17.4M	2.3%	4.04%
12	Webster Five Cents Savings Bank	98	$16.8M	2.3%	1.38%
13	Newtek Small Business Finance, Inc.	13	$12.8M	1.7%	0.00%
14	Celtic Bank Corporation	24	$12.7M	1.7%	0.85%
15	Fidelity Co-Operative Bank	50	$11.9M	1.6%	0.00%
16	St. Mary's CU	154	$11.5M	1.5%	0.54%
17	Citizens Bank, National Association	77	$11.2M	1.5%	1.16%
18	Newtek Bank, National Association	28	$11.2M	1.5%	0.00%
19	Needham Bank	44	$10.7M	1.4%	0.00%
20	Happen Bank	13	$10.4M	1.4%	52.93%
21	Wells Fargo Bank National Association	17	$9.8M	1.3%	0.00%
22	Santander Bank, National Association	107	$9.4M	1.3%	9.04%
23	Northeast Bank	39	$9.2M	1.2%	10.44%
24	Ameris Bank	7	$8.3M	1.1%	0.00%
25	Valley National Bank	2	$7.8M	1.0%	0.00%
26	Leader Bank, National Association	28	$6.7M	0.9%	0.00%
27	First National Bank of Pennsylvania	7	$6.0M	0.8%	0.00%
28	KeyBank National Association	18	$5.5M	0.7%	0.00%
29	Bank Five Nine	4	$5.4M	0.7%	0.00%
30	Cambridge Savings Bank	10	$5.3M	0.7%	0.47%
31	Banc of California	5	$5.3M	0.7%	0.00%
32	Bay State Savings Bank	25	$5.3M	0.7%	13.02%
33	Shoreham Bank	2	$5.1M	0.7%	0.00%
34	Open Bank	1	$5.0M	0.7%	0.00%
35	Bank of America, National Association	22	$4.9M	0.7%	1.06%
36	United Midwest Savings Bank National Association	17	$4.9M	0.7%	2.64%
37	MutualOne Bank	12	$4.8M	0.6%	0.00%
38	Harvest Small Business Finance, LLC	4	$4.6M	0.6%	0.00%
39	SouthState Bank, National Association	6	$4.4M	0.6%	0.00%
40	The Huntington National Bank	19	$4.4M	0.6%	0.00%
41	BayFirst National Bank	31	$4.4M	0.6%	1.98%
42	Readycap Lending, LLC	14	$4.3M	0.6%	0.00%
43	North Brookfield Savings Bank	55	$4.3M	0.6%	0.00%
44	Workers FCU	69	$4.3M	0.6%	0.46%
45	Stearns Bank National Association	12	$3.8M	0.5%	0.00%
46	Homefield Credit Union	17	$3.7M	0.5%	0.00%
47	Byline Bank	4	$3.4M	0.5%	0.00%
48	Middlesex Savings Bank	23	$3.2M	0.4%	2.54%
49	The Bancorp Bank National Association	5	$3.0M	0.4%	0.00%
50	TowneBank	2	$3.0M	0.4%	0.00%
51	Firstrust Savings Bank	3	$2.9M	0.4%	0.00%
52	Customers Bank	2	$2.9M	0.4%	0.00%
53	Salem Five Cents Savings Bank	7	$2.8M	0.4%	0.00%
54	Bristol County Savings Bank	14	$2.7M	0.4%	0.00%
55	GFA FCU	30	$2.7M	0.4%	1.46%
56	Northern Bank and Trust Company	9	$2.6M	0.3%	0.00%
57	Charles River Bank	19	$2.4M	0.3%	0.00%
58	Main Street Bank	10	$2.4M	0.3%	0.00%
59	Citizens Bank	2	$2.4M	0.3%	0.00%
60	Clinton Savings Bank	2	$2.3M	0.3%	0.00%
61	First Merchants Bank	3	$2.2M	0.3%	0.00%
62	MVB Bank, Inc.	1	$2.1M	0.3%	0.00%
63	MountainOne Bank	2	$1.9M	0.3%	0.00%
64	Southbridge CU	13	$1.8M	0.2%	0.50%
65	East West Bank	1	$1.8M	0.2%	0.00%
66	Dean Co-operative Bank	17	$1.8M	0.2%	3.02%
67	Simmons Bank	5	$1.8M	0.2%	0.00%
68	VelocitySBA, LLC	11	$1.7M	0.2%	1.11%
69	Bank of Hope	2	$1.7M	0.2%	0.73%
70	Gulf Coast Bank and Trust Company	2	$1.6M	0.2%	0.00%
71	Lendistry SBLC, LLC	5	$1.6M	0.2%	0.00%
72	Colony Bank	2	$1.6M	0.2%	0.00%
73	All One Credit Union	14	$1.6M	0.2%	0.00%
74	CRF Small Business Loan Company, LLC	2	$1.5M	0.2%	0.00%
75	Rollstone Bank & Trust	12	$1.5M	0.2%	0.00%
76	Digital Federal Credit Union, A Division of First Technology Federal Credit Union	20	$1.4M	0.2%	0.00%
77	Independence Bank	12	$1.4M	0.2%	26.37%
78	Truliant FCU	2	$1.3M	0.2%	0.00%
79	Cathay Bank	1	$1.3M	0.2%	0.00%
80	GBank	1	$1.3M	0.2%	0.00%
81	PNC Bank, National Association	3	$1.2M	0.2%	0.00%
82	First Bank of the Lake	4	$1.2M	0.2%	0.00%
83	Country Bank for Savings	9	$1.2M	0.2%	0.00%
84	Enterprise Bank & Trust	1	$1.1M	0.1%	0.00%
85	T Bank, National Association	1	$998K	0.1%	0.00%
86	22nd State Bank, A Division of 22nd State Banking Company	2	$994K	0.1%	0.00%
87	First Internet Bank of Indiana	2	$910K	0.1%	0.00%
88	First Business Bank	1	$895K	0.1%	0.00%
89	Five Star Bank	3	$890K	0.1%	0.00%
90	First Bank	1	$850K	0.1%	0.00%
91	Mission Valley Bank	1	$845K	0.1%	0.00%
92	IncredibleBank	1	$830K	0.1%	0.00%
93	Webster First FCU	8	$820K	0.1%	0.00%
94	Milestone Bank	1	$762K	0.1%	0.00%
95	Monadnock Community Bank	5	$754K	0.1%	24.21%
96	HomeTrust Bank	1	$720K	0.1%	0.00%
97	JPMorgan Chase Bank, National Association	2	$715K	0.1%	0.00%
98	Savers Co-operative Bank	1	$662K	0.1%	0.00%
99	Falcon National Bank	1	$658K	0.1%	0.00%
100	Reading Co-Operative Bank	1	$550K	0.1%	0.00%
101	Bluestone Bank	1	$550K	0.1%	0.00%
102	United Community Bank	1	$530K	0.1%	0.00%
103	Fund-Ex Solutions Group, LLC	1	$467K	0.1%	0.00%
104	The Lowell Five Cent Savings Bank	2	$430K	0.1%	0.00%
105	Navigant CU	4	$412K	0.1%	0.00%
106	Heritage Bank Inc	1	$350K	0.0%	0.00%
107	Columbia Bank	1	$350K	0.0%	0.00%
108	Magnifi Financial CU	2	$344K	0.0%	0.00%
109	South Eastern Economic Development Corporation	2	$338K	0.0%	0.00%
110	First-Citizens Bank & Trust Company	2	$325K	0.0%	0.00%
111	Seacoast National Bank	1	$320K	0.0%	0.00%
112	North Central Massachusetts Development Corporation	6	$302K	0.0%	0.00%
113	City National Bank of Florida	1	$300K	0.0%	0.00%
114	Ocean State CU	2	$275K	0.0%	0.00%
115	CDC Small Business Finance Corp.	1	$260K	0.0%	0.00%
116	Business Development Company	1	$250K	0.0%	0.00%
117	Popular Bank	2	$249K	0.0%	36.39%
118	Capital One National Association	4	$210K	0.0%	35.86%
119	Fall River Five Cents Savings Bank d/b/a BankFive	4	$206K	0.0%	0.00%
120	Monson Savings Bank	2	$185K	0.0%	0.00%
121	BrightBridge Credit Union	2	$180K	0.0%	0.00%
122	Ascendus, Inc.	2	$165K	0.0%	57.07%
123	Federal Deposit Insurance Corporation	1	$150K	0.0%	0.00%
124	Stone Bank	1	$150K	0.0%	0.00%
125	South Shore Bank	1	$150K	0.0%	0.00%
126	Primary Bank	2	$150K	0.0%	0.00%
127	Florence Bank	2	$150K	0.0%	0.00%
128	CenTrust Bank, A Division of SmartBiz Bank National Association	1	$150K	0.0%	0.00%
129	Mechanics Cooperative Bank	1	$150K	0.0%	0.00%
130	BankNewport	2	$120K	0.0%	0.00%
131	Align Credit Union	3	$113K	0.0%	14.48%
132	Optus Bank	1	$103K	0.0%	80.29%
133	Hanover Community Bank	1	$100K	0.0%	0.00%
134	Hanscom FCU	2	$86K	0.0%	0.00%
135	Bangor Savings Bank	1	$70K	0.0%	0.00%
136	Buckeye State Bank	1	$62K	0.0%	0.00%
137	Central One FCU	1	$50K	0.0%	0.00%
138	bankESB	1	$50K	0.0%	0.00%
139	U.S. Bank, National Association	1	$30K	0.0%	0.00%
140	Westerly Community CU	1	$25K	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	Construction	529	$94.8M	12.7%
2	Health care & social assistance	238	$68.2M	9.1%
3	Wholesale trade	149	$66.1M	8.9%
4	Professional & technical services	324	$65.4M	8.8%
5	Retail trade	248	$59.6M	8.0%
6	Accommodation & food services	278	$59.3M	8.0%
7	Arts, entertainment & recreation	98	$53.5M	7.2%
8	Other services	287	$52.3M	7.0%
9	Administrative & waste services	286	$47.1M	6.3%
10	Manufacturing	134	$33.7M	4.5%
11	Real estate & leasing	76	$26.4M	3.5%
12	Manufacturing	64	$24.6M	3.3%
13	Transportation & warehousing	146	$21.7M	2.9%
14	Retail trade	113	$18.7M	2.5%
15	Manufacturing	60	$12.5M	1.7%
16	Finance & insurance	51	$11.8M	1.6%
17	Information	30	$11.6M	1.6%
18	Educational services	51	$9.7M	1.3%
19	Transportation & warehousing	16	$5.0M	0.7%
20	Agriculture, forestry & fishing	19	$3.6M	0.5%
21	Utilities	2	$205K	0.0%
22	Public administration	1	$65K	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.