SBA lender profile
Florence Bank
Florence Bank appears in the public SBA loan data with 107 funded 7(a) loans since FY2010, totaling $15.8M, an average of $147K per loan, and an estimated 743 jobs supported. Its SBA lending concentrates in Massachusetts and the Wholesale Trade sector. Across its 7(a) loans, the charge-off rate is 1.9%. 35.5% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 76
- Scale 39
- Activity 48
- Consistency 77
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Florence Bank the right lender for you?
Lenders fund what they know. Florence Bank's SBA lending concentrates in Massachusetts (107 loans) and Wholesale Trade (2 loans), at an average loan of $147K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $2.0B
- Headquarters
- Florence, MA
- FDIC cert
- #23293
- Status
- Active
Where Florence Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Massachusetts | 107 | $15.8M |
Metro areas where Florence Bank funds
What Florence Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 2 | $3.7M |
| Professional and Technical Services | 13 | $2.2M |
| Other Services | 12 | $1.8M |
| Accommodation and Food Services | 11 | $1.5M |
| Retail Trade | 9 | $1.5M |
| Construction | 10 | $1.2M |
Florence Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 15 | $1.5M |
| 2011 | 8 | $943K |
| 2012 | 1 | $100K |
| 2013 | 2 | $70K |
| 2014 | 4 | $648K |
| 2015 | 13 | $1.2M |
| 2016 | 19 | $1.4M |
| 2017 | 6 | $224K |
| 2018 | 4 | $232K |
| 2019 | 2 | $287K |
| 2020 | 3 | $275K |
| 2021 | 4 | $635K |
| 2022 | 1 | $60K |
| 2023 | 1 | $50K |
| 2024 | 9 | $4.9M |
| 2025 | 4 | $438K |
| 2026 | 11 | $2.9M |
Related SBA lenders
Other lenders active in Massachusetts or in Wholesale Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Florence Bank: frequently asked questions
Does Florence Bank offer SBA loans?
Yes. Florence Bank appears in the public SBA data with 107 funded SBA 7(a) loans totaling $15.8M.
How many SBA loans has Florence Bank made?
Florence Bank is associated with 107 SBA 7(a) loans totaling $15.8M in the public SBA data (as of 2026-03-31).
What is Florence Bank's SBA charge-off rate?
About 1.9% of Florence Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Florence Bank do most of its SBA lending?
Florence Bank's SBA lending in the data is most concentrated in Massachusetts, and by industry in Wholesale Trade.
Is Florence Bank an SBA Preferred Lender (PLP)?
The loan record shows Florence Bank operating under PLP delegated authority: 38 of its 7(a) loans (35.5%) were processed through the Preferred Lenders Program, including 7 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Florence Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/florence-bank/
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