SBA lender profile
Cape Ann Savings Bank
Cape Ann Savings Bank appears in the public SBA loan data with 13 funded 7(a) loans totaling $1.2M, an average of $93K per loan, and an estimated 44 jobs supported. Its SBA lending concentrates in Massachusetts and the Accommodation and Food Services sector. Across all of its loans in the data, its charge-off rate is 15.4%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
13
Total volume
$1.2M
Average loan size
$93K
Charge-off rate
15.4%
Share of funded loans charged off
Jobs supported (reported)
44
Programs
7(a)
Bank profile
via FDIC- Total assets
- $1.1B
- Headquarters
- Gloucester, MA
- FDIC cert
- #90203
- Status
- Active
Where Cape Ann Savings Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Massachusetts | 13 | $1.2M |
What Cape Ann Savings Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 5 | $291K |
| Retail Trade | 2 | $270K |
| Other Services | 2 | $244K |
| Wholesale Trade | 1 | $150K |
| Administrative and Support | 1 | $115K |
| Health Care and Social Assistance | 1 | $100K |
Cape Ann Savings Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2021 | 4 | $276K |
| 2022 | 4 | $409K |
| 2023 | 3 | $270K |
| 2024 | 1 | $100K |
| 2025 | 1 | $150K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Cape Ann Savings Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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