SBA lending by metro area
SBA lenders in Nantucket, MA
Which lenders fund Nantucket-area businesses, how much, and how the market compares with Massachusetts: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Nantucket area
Ranked by SBA volume funded to businesses located in the Nantucket micropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | The Cape Cod Five Cents Savings Bank | 53 | $6.8M | $129K | 0.00% |
| 2 | Granite State Economic Development Corporation | 6 | $5.8M | $959K | not reported |
| 3 | New England Certified Development Corporation | 7 | $4.7M | $678K | not reported |
| 4 | Bay Colony Development Corporation | 9 | $4.3M | $483K | not reported |
| 5 | South Eastern Economic Development Corporation | 6 | $2.8M | $471K | not reported |
| 6 | Rockland Trust Company | 12 | $2.6M | $213K | not reported |
| 7 | Bank of America, National Association | 5 | $1.5M | $302K | not reported |
| 8 | Eastern Bank | 5 | $454K | $91K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Nantucket compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Nantucket area | $120K ▲ 20.0% | 23.7% ▲ 10.8 pts |
| Massachusetts | $100K | 12.9% |
| United States | $179K | 11.2% |
What gets funded in Nantucket
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 26 | $15.8M |
| Administrative and Support | 20 | $9.9M |
| Construction | 28 | $7.8M |
| Retail Trade | 27 | $6.1M |
| Health Care and Social Assistance | 7 | $5.2M |
| Real Estate | 9 | $3.5M |
| Other Services | 5 | $453K |
SBA lending in Nantucket by year
Geography, precisely
"Nantucket area" here means the Nantucket, MA micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Nantucket County, MA. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.