65 SBA loans worth $20.5M went to businesses in New Bedford, MA between October 2021 and June 2026, from 21 lenders. Bristol County Savings Bank made the most, 14 loans. The median loan was $120,000, compared with $145,000 across Massachusetts, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Bristol County Savings Bank Bank · Taunton, MA | 14 | $1.2M | $50,000 | 21% |
| 2 | Baycoast Bank Bank · Swansea, MA | 11 | $1.2M | $82,600 | 64% |
| 3 | Webster Bank Bank · Stamford, CT | 7 | $1.3M | $100,000 | 0% |
| 4 | Eastern Bank Bank · Boston, MA | 5 | $1.8M | $44,500 | 40% |
| 5 | Granite State Economic Development Certified development company · Portsmouth, NH | 4 | $2.8M | $692,500 | 25% |
| 6 | New England Certified Development Certified development company · Wakefield, MA | 4 | $1.9M | $473,000 | 0% |
| 7 | Bank of America Bank · Charlotte, NC | 2 | $895K | $447,650 | 0% |
| 8 | Newtek Bank Bank · Miami, FL | 2 | $568K | $284,000 | 0% |
| 9 | Fall River Five Cents Savings Bank d/b/a BankFive Bank · Fall River, MA | 2 | $384K | $192,000 | 50% |
| 10 | United Midwest Savings Bank Bank · Degraff, OH | 2 | $350K | $175,000 | 100% |
| 11 | Huntington National Bank Bank · Columbus, OH | 2 | $313K | $156,500 | 100% |
| 12 | Citibank Bank · Sioux Falls, SD | 1 | $3.9M | $3,900,000 | 0% |
| 13 | South Eastern Economic Development Certified development company · Taunton, MA | 1 | $1.1M | $1,068,000 | 0% |
| 14 | Citizens Bank Bank · Providence, RI | 1 | $715K | $715,000 | 0% |
| 15 | Fidelity Bank Bank · Fuquay Varina, NC | 1 | $685K | $685,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 11 | $100,000 | Bristol County Savings Bank | |
| Professional and technical services | 10 | $50,000 | Baycoast Bank | |
| Restaurants and hotels | 8 | $121,000 | Webster Bank | |
| Transportation and warehousing | 8 | $97,000 | Bristol County Savings Bank | |
| Other services (repair, personal care) | 7 | $80,000 | Bristol County Savings Bank | |
| Retail | 6 | $257,650 | Webster Bank | |
| Manufacturing | 5 | $250,000 | Fall River Five Cents Savings Bank d/b/a BankFive | |
| Health care and social assistance | 3 | $500,000 | Granite State Economic Development |