SBA lender profile
Needham Bank
Needham Bank appears in the public SBA loan data with 581 funded 7(a) loans since FY2010, totaling $154.5M, an average of $266K per loan, and an estimated 8,583 jobs supported. Its SBA lending concentrates in Massachusetts and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 1.6%. 39.1% 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 83
- Scale 80
- Activity 67
- Consistency 86
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Needham Bank the right lender for you?
Lenders fund what they know. Needham Bank's SBA lending concentrates in Massachusetts (312 loans) and Manufacturing (67 loans), at an average loan of $266K. 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
- $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 | 312 | $74.7M |
| New Hampshire | 245 | $66.6M |
| Connecticut | 3 | $5.3M |
| Maine | 13 | $4.3M |
| Rhode Island | 2 | $1.2M |
| Texas | 1 | $800K |
Metro areas where Needham Bank funds
What Needham Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 67 | $23.2M |
| Arts, Entertainment, Recreation | 33 | $20.3M |
| Accommodation and Food Services | 78 | $16.9M |
| Professional and Technical Services | 67 | $16.5M |
| Retail Trade | 62 | $15.6M |
| Construction | 53 | $13.2M |
Needham Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 20 | $2.6M |
| 2011 | 34 | $5.2M |
| 2012 | 19 | $3.7M |
| 2013 | 27 | $7.4M |
| 2014 | 51 | $13.0M |
| 2015 | 45 | $15.8M |
| 2016 | 35 | $8.6M |
| 2017 | 27 | $13.5M |
| 2018 | 42 | $16.0M |
| 2019 | 32 | $10.6M |
| 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 |
Related SBA lenders
Other lenders active in Massachusetts or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
Needham Bank: frequently asked questions
Does Needham Bank offer SBA loans?
Yes. Needham Bank appears in the public SBA data with 581 funded SBA 7(a) loans totaling $154.5M.
How many SBA loans has Needham Bank made?
Needham Bank is associated with 581 SBA 7(a) loans totaling $154.5M in the public SBA data (as of 2026-03-31).
What is Needham Bank's SBA charge-off rate?
About 1.6% of Needham 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 Needham Bank do most of its SBA lending?
Needham Bank's SBA lending in the data is most concentrated in Massachusetts, and by industry in Manufacturing.
Is Needham Bank an SBA Preferred Lender (PLP)?
The loan record shows Needham Bank operating under PLP delegated authority: 227 of its 7(a) loans (39.1%) were processed through the Preferred Lenders Program, including 16 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). Needham Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/needham-bank/
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