Avidia Bank approved 55 SBA loans worth $27.2M between October 2021 and June 2026, ranking #531 of 2,283 SBA lenders nationally by loan count. Its median loan was $290,000, and 51% went to startups or businesses under two years old. It lent in 3 states, most often in Massachusetts, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Massachusetts | 49 | $22.9M | $281,000 | #33 |
| Connecticut | 5 | $3.6M | $476,500 | #60 |
| Rhode Island | 1 | $755K | $755,000 | #87 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 13 | $290,000 | |
| Health care and social assistance | 9 | $493,000 | |
| Manufacturing | 7 | $228,500 | |
| Administrative and support services | 6 | $275,000 | |
| Other services (repair, personal care) | 6 | $300,000 | |
| Retail | 3 | $281,000 | |
| Construction | 3 | $200,000 | |
| Professional and technical services | 3 | $671,000 | |
| Arts, entertainment and recreation | 2 | $363,850 | |
| Real estate and rental | 2 | $275,000 |