SBA lender profile
Needham Bank
Needham Bank appears in the public SBA loan data with 249 funded 7(a) loans totaling $58.1M, an average of $233K per loan, and an estimated 2,698 jobs supported. Its SBA lending concentrates in Massachusetts and the Construction sector. Across all of its loans in the data, its charge-off rate is 0.4%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
249
Total volume
$58.1M
Average loan size
$233K
Charge-off rate
0.4%
Share of funded loans charged off
Jobs supported (reported)
2,698
Programs
7(a)
Bank profile
via FDIC- Total assets
- $7.2B
- Headquarters
- Needham, MA
- FDIC cert
- #26483
- Status
- Active
Where Needham Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Massachusetts | 212 | $41.3M |
| New Hampshire | 31 | $10.2M |
| Connecticut | 3 | $5.3M |
| Rhode Island | 2 | $1.2M |
| Florida | 1 | $100K |
What Needham Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 37 | $10.0M |
| Professional and Technical Services | 35 | $8.9M |
| Arts, Entertainment, Recreation | 20 | $6.1M |
| Mining and Extraction | 3 | $5.3M |
| Retail Trade | 18 | $5.3M |
| Administrative and Support | 20 | $4.1M |
Needham Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 25 | $6.4M |
| 2021 | 55 | $14.2M |
| 2022 | 72 | $19.7M |
| 2023 | 59 | $9.3M |
| 2024 | 23 | $3.5M |
| 2025 | 11 | $4.1M |
| 2026 | 4 | $954K |
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 Needham 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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