Citizens Bank approved 376 SBA loans worth $251.7M between October 2021 and June 2026, ranking #116 of 2,283 SBA lenders nationally by loan count. Its median loan was $350,000, and 35% went to startups or businesses under two years old. It lent in 15 states, most often in Massachusetts, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Massachusetts | 83 | $42.8M | $300,000 | #24 |
| Pennsylvania | 50 | $38.4M | $398,250 | #38 |
| New York | 46 | $36.3M | $500,000 | #49 |
| Michigan | 39 | $21.0M | $350,000 | #34 |
| Rhode Island | 32 | $25.1M | $385,000 | #13 |
| New Jersey | 29 | $22.1M | $350,000 | #49 |
| Connecticut | 28 | $15.4M | $275,000 | #24 |
| New Hampshire | 24 | $19.1M | $321,000 | #27 |
| Ohio | 20 | $10.0M | $462,000 | #63 |
| Florida | 11 | $8.4M | $270,000 | #141 |
| California | 4 | $1.6M | $227,500 | #215 |
| Virginia | 4 | $3.1M | $734,500 | #117 |
| Delaware | 3 | $2.8M | $800,000 | #37 |
| Vermont | 2 | $3.0M | $1,500,000 | #41 |
| South Carolina | 1 | $2.7M | $2,736,000 | #180 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 56 | $300,000 | |
| Professional and technical services | 53 | $350,000 | |
| Retail | 44 | $407,000 | |
| Other services (repair, personal care) | 36 | $273,000 | |
| Restaurants and hotels | 33 | $350,000 | |
| Manufacturing | 30 | $640,000 | |
| Wholesale trade | 26 | $500,000 | |
| Administrative and support services | 22 | $428,250 | |
| Health care and social assistance | 19 | $382,500 | |
| Transportation and warehousing | 16 | $400,000 |