Worcester Business Development approved 55 SBA loans worth $33.4M between October 2021 and June 2026, ranking #524 of 2,283 SBA lenders nationally by loan count. Its median loan was $396,000, and 7% went to startups or businesses under two years old. It lent in 3 states, most often in Massachusetts, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Massachusetts | 53 | $32.3M | $396,000 | #32 |
| New Hampshire | 1 | $719K | $719,000 | #95 |
| New York | 1 | $373K | $373,000 | #209 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 11 | $396,000 | |
| Retail | 8 | $397,000 | |
| Health care and social assistance | 7 | $392,000 | |
| Professional and technical services | 7 | $496,000 | |
| Restaurants and hotels | 5 | $412,000 | |
| Other services (repair, personal care) | 4 | $214,000 | |
| Arts, entertainment and recreation | 4 | $500,000 | |
| Administrative and support services | 3 | $536,000 | |
| Education | 2 | $158,500 | |
| Manufacturing | 2 | $873,500 |