Baycoast Bank approved 70 SBA loans worth $10.7M between October 2021 and June 2026, ranking #452 of 2,283 SBA lenders nationally by loan count. Its median loan was $100,000, and 49% went to startups or businesses under two years old. It lent in 2 states, most often in Massachusetts, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Massachusetts | 48 | $7.2M | $95,750 | #34 |
| Rhode Island | 22 | $3.5M | $100,000 | #20 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 16 | $100,000 | |
| Professional and technical services | 12 | $50,000 | |
| Restaurants and hotels | 11 | $120,000 | |
| Other services (repair, personal care) | 8 | $200,000 | |
| Health care and social assistance | 6 | $87,500 | |
| Retail | 5 | $120,000 | |
| Manufacturing | 2 | $336,500 | |
| Education | 2 | $62,100 | |
| Administrative and support services | 2 | $44,000 | |
| Agriculture, forestry and fishing | 2 | $17,500 |