SBA lending by metro area
SBA lenders in Springfield, MA
Which lenders fund Springfield-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 Springfield area
Ranked by SBA volume funded to businesses located in the Springfield metropolitan 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 | Granite State Economic Development Corporation | 95 | $58.3M | $614K | not reported |
| 2 | New England Certified Development Corporation | 41 | $30.1M | $734K | not reported |
| 3 | Beacon Bank and Trust | 270 | $28.9M | $107K | 6.30% |
| 4 | Live Oak Banking Company | 20 | $25.3M | $1.3M | 0.00% |
| 5 | TD Bank, National Association | 186 | $21.1M | $113K | 5.38% |
| 6 | Bay Colony Development Corporation | 34 | $18.6M | $547K | not reported |
| 7 | Manufacturers and Traders Trust Company | 130 | $15.8M | $121K | 1.54% |
| 8 | Westfield Bank | 96 | $14.1M | $147K | 5.21% |
| 9 | Citizens Bank, National Association | 45 | $13.9M | $309K | 0.00% |
| 10 | KeyBank National Association | 40 | $11.5M | $288K | 2.50% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Springfield compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Springfield area | $75K ▼ 25.0% | 12.0% ▼ 0.9 pts |
| Massachusetts | $100K | 12.9% |
| United States | $179K | 11.2% |
What gets funded in Springfield
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 160 | $58.6M |
| Manufacturing | 134 | $55.3M |
| Retail Trade | 175 | $41.0M |
| Health Care and Social Assistance | 106 | $36.3M |
| Other Services | 157 | $25.5M |
| Administrative and Support | 135 | $24.5M |
| Wholesale Trade | 54 | $22.3M |
| Real Estate | 38 | $18.5M |
SBA lending in Springfield by year
Geography, precisely
"Springfield area" here means the Springfield, MA metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Hampden 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.