SBA lender profile
Florence Bank
Florence Bank appears in the public SBA loan data with 33 funded 7(a) loans totaling $9.2M, an average of $279K per loan, and an estimated 259 jobs supported. Its SBA lending concentrates in Massachusetts and the Wholesale Trade sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
33
Total volume
$9.2M
Average loan size
$279K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
259
Programs
7(a)
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 | 33 | $9.2M |
What Florence Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 1 | $3.7M |
| Professional and Technical Services | 6 | $1.8M |
| Other Services | 5 | $910K |
| Construction | 3 | $600K |
| Accommodation and Food Services | 1 | $540K |
| Health Care and Social Assistance | 3 | $320K |
Florence Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 3 | $275K |
| 2021 | 4 | $635K |
| 2022 | 1 | $60K |
| 2023 | 1 | $50K |
| 2024 | 9 | $4.9M |
| 2025 | 4 | $438K |
| 2026 | 11 | $2.9M |
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 Florence 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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