SBA lender profile
Westfield Bank
Westfield Bank appears in the public SBA loan data with 116 funded 7(a) loans since FY2010, totaling $16.2M, an average of $140K per loan, and an estimated 762 jobs supported. Its SBA lending concentrates in Massachusetts and the Transportation and Warehousing sector. Across its 7(a) loans, the charge-off rate is 6.9%. 30.2% 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 55
- Scale 40
- Activity 16
- Consistency 77
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Westfield Bank the right lender for you?
Lenders fund what they know. Westfield Bank's SBA lending concentrates in Massachusetts (102 loans) and Transportation and Warehousing (7 loans), at an average loan of $140K. 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
- $2.8B
- Headquarters
- Westfield, MA
- FDIC cert
- #90300
- Status
- Active
Where Westfield Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Massachusetts | 102 | $14.8M |
| Connecticut | 14 | $1.4M |
Metro areas where Westfield Bank funds
What Westfield Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Transportation and Warehousing | 7 | $3.6M |
| Manufacturing | 14 | $3.4M |
| Retail Trade | 14 | $2.8M |
| Administrative and Support | 14 | $1.3M |
| Other Services | 13 | $1.2M |
| Construction | 12 | $991K |
Westfield Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 7 | $1.1M |
| 2011 | 13 | $1.5M |
| 2012 | 13 | $590K |
| 2013 | 9 | $570K |
| 2014 | 14 | $1.2M |
| 2015 | 11 | $572K |
| 2016 | 13 | $1.4M |
| 2017 | 13 | $2.4M |
| 2018 | 8 | $1.3M |
| 2019 | 1 | $215K |
| 2020 | 2 | $1.1M |
| 2021 | 7 | $3.7M |
| 2022 | 2 | $338K |
| 2023 | 1 | $50K |
| 2024 | 1 | $60K |
| 2025 | 1 | $150K |
Related SBA lenders
Other lenders active in Massachusetts or in Transportation and Warehousing.
Comparing lenders? See how to choose an SBA lender by track record.
Westfield Bank: frequently asked questions
Does Westfield Bank offer SBA loans?
Yes. Westfield Bank appears in the public SBA data with 116 funded SBA 7(a) loans totaling $16.2M.
How many SBA loans has Westfield Bank made?
Westfield Bank is associated with 116 SBA 7(a) loans totaling $16.2M in the public SBA data (as of 2026-03-31).
What is Westfield Bank's SBA charge-off rate?
About 6.9% of Westfield 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 Westfield Bank do most of its SBA lending?
Westfield Bank's SBA lending in the data is most concentrated in Massachusetts, and by industry in Transportation and Warehousing.
Is Westfield Bank an SBA Preferred Lender (PLP)?
The loan record shows Westfield Bank operating under PLP delegated authority: 35 of its 7(a) loans (30.2%) were processed through the Preferred Lenders Program, including 2 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). Westfield Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/westfield-bank/
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