Florence Bank approved 29 SBA loans worth $8.6M between October 2021 and June 2026, ranking #737 of 2,283 SBA lenders nationally by loan count. Its median loan was $50,000, and 7% went to startups or businesses under two years old. It lent in 1 states, most often in Massachusetts, and its most financed industry was other services (repair, personal care).
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Massachusetts | 29 | $8.6M | $50,000 | #45 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Other services (repair, personal care) | 5 | $60,000 | |
| Health care and social assistance | 4 | $37,500 | |
| Professional and technical services | 4 | $73,750 | |
| Retail | 3 | $50,000 | |
| Agriculture, forestry and fishing | 3 | $60,000 | |
| Arts, entertainment and recreation | 2 | $155,000 | |
| Administrative and support services | 2 | $155,350 | |
| Education | 1 | $250,000 | |
| Construction | 1 | $75,000 | |
| Manufacturing | 1 | $50,000 |