Mechanics Cooperative Bank approved 16 SBA loans worth $3.8M between October 2021 and June 2026, ranking #986 of 2,283 SBA lenders nationally by loan count. Its median loan was $50,000, and 19% went to startups or businesses under two years old. It lent in 2 states, most often in Massachusetts, and its most financed industry was professional and technical services.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Massachusetts | 15 | $3.7M | $50,000 | #62 |
| Rhode Island | 1 | $150K | $150,000 | #79 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Professional and technical services | 4 | $275,000 | |
| Construction | 3 | $50,000 | |
| Other services (repair, personal care) | 2 | $45,000 | |
| Arts, entertainment and recreation | 2 | $50,000 | |
| Restaurants and hotels | 2 | $237,500 | |
| Health care and social assistance | 1 | $150,000 | |
| Retail | 1 | $157,500 | |
| Transportation and warehousing | 1 | $72,000 |