SBA lending by metro area
SBA lenders in Worcester, MA
Which lenders fund Worcester-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 Worcester area
Ranked by SBA volume funded to businesses located in the Worcester 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 | 182 | $117.4M | $645K | not reported |
| 2 | Bay Colony Development Corporation | 169 | $97.4M | $577K | not reported |
| 3 | Worcester Business Development Corporation | 119 | $72.5M | $609K | not reported |
| 4 | Beacon Bank and Trust | 244 | $52.2M | $214K | 2.87% |
| 5 | Rockland Trust Company | 100 | $44.6M | $446K | 2.00% |
| 6 | Avidia Bank | 80 | $43.4M | $543K | 6.25% |
| 7 | Live Oak Banking Company | 34 | $41.6M | $1.2M | 0.00% |
| 8 | TD Bank, National Association | 273 | $38.0M | $139K | 4.76% |
| 9 | Manufacturers and Traders Trust Company | 92 | $32.7M | $356K | 1.09% |
| 10 | New England Certified Development Corporation | 35 | $27.6M | $789K | 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 Worcester compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Worcester area | $100K | 15.3% ▲ 2.5 pts |
| Massachusetts | $100K | 12.9% |
| United States | $179K | 11.2% |
What gets funded in Worcester
| Industry | Loans | Total funded |
|---|---|---|
| Construction | 555 | $119.8M |
| Accommodation and Food Services | 297 | $108.6M |
| Retail Trade | 374 | $103.9M |
| Manufacturing | 280 | $102.9M |
| Health Care and Social Assistance | 273 | $97.6M |
| Arts, Entertainment, Recreation | 126 | $78.0M |
| Other Services | 326 | $76.9M |
| Professional and Technical Services | 317 | $70.7M |
SBA lending in Worcester by year
Geography, precisely
"Worcester area" here means the Worcester, MA metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Worcester 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.