Beacon Bank and Trust approved 1,081 SBA loans worth $1.1B between October 2021 and June 2026, ranking #42 of 2,283 SBA lenders nationally by loan count. Its median loan was $635,000, and 30% went to startups or businesses under two years old. It lent in 42 states, most often in Massachusetts, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Massachusetts | 180 | $94.3M | $150,000 | #12 |
| Pennsylvania | 156 | $162.4M | $687,000 | #18 |
| Florida | 133 | $184.1M | $1,026,000 | #34 |
| Rhode Island | 89 | $28.5M | $100,000 | #4 |
| New Jersey | 85 | $84.7M | $815,000 | #26 |
| New York | 65 | $57.7M | $350,000 | #41 |
| Connecticut | 61 | $64.9M | $500,000 | #14 |
| Texas | 33 | $55.9M | $1,328,000 | #105 |
| Georgia | 25 | $34.1M | $985,000 | #68 |
| Maryland | 25 | $32.1M | $896,500 | #29 |
| Illinois | 20 | $25.3M | $811,500 | #72 |
| New Hampshire | 19 | $20.4M | $552,000 | #29 |
| California | 17 | $33.2M | $1,660,000 | #141 |
| North Carolina | 16 | $31.2M | $1,007,000 | #60 |
| Tennessee | 15 | $27.2M | $1,209,000 | #38 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 189 | $850,000 | |
| Retail | 132 | $597,000 | |
| Construction | 131 | $500,000 | |
| Manufacturing | 124 | $500,000 | |
| Professional and technical services | 95 | $441,000 | |
| Health care and social assistance | 89 | $865,000 | |
| Other services (repair, personal care) | 80 | $675,500 | |
| Administrative and support services | 68 | $410,250 | |
| Wholesale trade | 68 | $536,500 | |
| Arts, entertainment and recreation | 46 | $1,241,000 |