43 SBA loans worth $9.4M went to businesses in Gloucester, MA between October 2021 and June 2026, from 16 lenders. TD Bank made the most, 11 loans. The median loan was $100,000, compared with $145,000 across Massachusetts, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 11 | $1.3M | $50,000 | 27% |
| 2 | Cape Ann Savings Bank Bank · Gloucester, MA | 8 | $779K | $107,500 | 75% |
| 3 | Manufacturers and Traders Trust Bank · Buffalo, NY | 7 | $2.0M | $100,000 | 29% |
| 4 | BankGloucester Bank · Gloucester, MA | 3 | $175K | $50,000 | 33% |
| 5 | Newtek Bank Bank · Miami, FL | 2 | $200K | $100,000 | 100% |
| 6 | Eastern Bank Bank · Boston, MA | 2 | $165K | $82,500 | 0% |
| 7 | Northern Bank and Trust Bank · Woburn, MA | 1 | $1.5M | $1,540,300 | 100% |
| 8 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $1.0M | $1,043,000 | 0% |
| 9 | Live Oak Banking Bank · Wilmington, NC | 1 | $625K | $625,000 | 0% |
| 10 | JPMorgan Chase Bank Bank · Columbus, OH | 1 | $500K | $500,000 | 0% |
| 11 | First Bank of the Lake Bank · Osage Beach, MO | 1 | $422K | $422,000 | 0% |
| 12 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 1 | $300K | $300,000 | 0% |
| 13 | New England Certified Development Certified development company · Wakefield, MA | 1 | $285K | $285,000 | 0% |
| 14 | Santander Bank Bank · Wilmington, DE | 1 | $50K | $50,000 | 0% |
| 15 | Beacon Bank and Trust Bank · Boston, MA | 1 | $38K | $38,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 14 | $50,000 | TD Bank | |
| Retail | 6 | $50,000 | TD Bank | |
| Manufacturing | 5 | $500,000 | Manufacturers and Traders Trust | |
| Administrative and support services | 4 | $107,500 | Manufacturers and Traders Trust | |
| Other services (repair, personal care) | 4 | $122,000 | Cape Ann Savings Bank | |
| Health care and social assistance | 3 | $100,000 | Eastern Bank | |
| Restaurants and hotels | 3 | $100,000 | Cape Ann Savings Bank | |
| Wholesale trade | 2 | $353,500 | First Bank of the Lake |