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SBA lenders in Worcester, MA

SBA 7(a) and 504 loans to businesses in Worcester (Worcester County), October 2021 to June 30, 2026 · Updated October 15, 2026
202
SBA loans approved
$81.1M
Total approved
$150,000
Median loan
45
Lenders active
32%
To startups

202 SBA loans worth $81.1M went to businesses in Worcester, MA between October 2021 and June 2026, from 45 lenders. TD Bank made the most, 27 loans. The median loan was $150,000, compared with $145,000 across Massachusetts, and health care and social assistance was the most financed industry.

Most active SBA lenders in Worcester

#LenderLoansApprovedMedian loanTo startups
1TD Bank
Bank · Wilmington, DE
27$3.0M$50,00030%
2Webster Five Cents Savings Bank
Bank · Webster, MA
22$5.2M$150,0009%
3Worcester Business Development
Certified development company · Worcester, MA
17$9.4M$412,0006%
4Huntington National Bank
Bank · Columbus, OH
13$3.3M$150,00062%
5Manufacturers and Traders Trust
Bank · Buffalo, NY
10$995K$50,00030%
6UniBank for Savings
Bank · Whitinsville, MA
9$668K$60,00022%
7St. Mary's CU
Credit union · Marlborough, MA
9$602K$48,400100%
8Bay Colony Development
Certified development company · Waltham, MA
8$5.1M$585,50012%
9Newtek Bank
Bank · Miami, FL
8$1.7M$75,00088%
10Granite State Economic Development
Certified development company · Portsmouth, NH
7$8.4M$861,00029%
11BayFirst National Bank
Bank · St. Petersburg, FL
7$954K$150,0000%
12Northeast Bank
Bank · Portland, ME
5$596K$61,2000%
13Eastern Bank
Bank · Boston, MA
5$375K$50,0000%
14Live Oak Banking
Bank · Wilmington, NC
4$7.0M$1,402,50050%
15Webster Bank
Bank · Stamford, CT
4$2.7M$508,75025%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Worcester. For 504 loans the lender shown is the certified development company.

What gets financed in Worcester

IndustryLoansShareMedian loanMost active lender
Health care and social assistance37
18%
$150,000Huntington National Bank
Construction33
16%
$76,200St. Mary's CU
Professional and technical services25
12%
$250,000Webster Five Cents Savings Bank
Restaurants and hotels25
12%
$250,000Manufacturers and Traders Trust
Other services (repair, personal care)20
10%
$219,000Webster Five Cents Savings Bank
Retail14
7%
$130,500TD Bank
Transportation and warehousing13
6%
$127,900Huntington National Bank
Manufacturing7
3%
$100,000Beacon Bank and Trust
Loan size mix
  • Under $150,00045%
  • $150,000 to $500,00035%
  • $500,000 to $2 million17%
  • $2 million and up3%
Compared with Massachusetts
Median loan, Worcester
$150,000
Median loan, Massachusetts
$145,000
Startup share, Worcester
32%
Startup share, Massachusetts
27%
Share of state's SBA loans
2.3%

SBA loans per fiscal year in Worcester

0234770FY14: 40 loansFY14FY15: 53 loansFY15FY16: 54 loansFY16FY17: 62 loansFY1762FY18: 30 loansFY18FY19: 40 loansFY19FY20: 20 loansFY20FY21: 25 loansFY21FY22: 30 loansFY22FY23: 47 loansFY23FY24: 44 loansFY24FY25: 59 loansFY25FY26 (Oct to Jun): 22 loansFY2622
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.