27 SBA loans worth $15.3M went to businesses in Southborough, MA between October 2021 and June 2026, from 15 lenders. Needham Bank made the most, 5 loans. The median loan was $150,000, compared with $145,000 across Massachusetts, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Needham Bank Bank · Needham, MA | 5 | $360K | $75,000 | 0% |
| 2 | Bay Colony Development Certified development company · Waltham, MA | 3 | $592K | $136,000 | 0% |
| 3 | St. Mary's CU Credit union · Marlborough, MA | 3 | $101K | $40,100 | 67% |
| 4 | First National Bank of Pennsylvania Bank · Greenville, PA | 2 | $2.8M | $1,424,500 | 0% |
| 5 | TD Bank Bank · Wilmington, DE | 2 | $2.2M | $1,125,000 | 50% |
| 6 | Webster Bank Bank · Stamford, CT | 2 | $958K | $479,000 | 100% |
| 7 | Leader Bank Bank · Arlington, MA | 2 | $450K | $225,000 | 0% |
| 8 | Open Bank Bank · Los Angeles, CA | 1 | $5.0M | $5,000,000 | 100% |
| 9 | Live Oak Banking Bank · Wilmington, NC | 1 | $1.5M | $1,500,000 | 100% |
| 10 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $325K | $325,000 | 100% |
| 11 | Avidia Bank Bank · Hudson, MA | 1 | $300K | $300,000 | 100% |
| 12 | Granite State Economic Development Certified development company · Portsmouth, NH | 1 | $289K | $289,000 | 0% |
| 13 | Celtic Bank Bank · Salt Lake City, UT | 1 | $150K | $150,000 | 0% |
| 14 | Hanover Community Bank Bank · Garden City Park, NY | 1 | $100K | $100,000 | 100% |
| 15 | Manufacturers and Traders Trust Bank · Buffalo, NY | 1 | $80K | $80,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 9 | $75,000 | St. Mary's CU | |
| Restaurants and hotels | 5 | $90,000 | Needham Bank | |
| Administrative and support services | 3 | $330,000 | First National Bank of Pennsylvania | |
| Other services (repair, personal care) | 2 | $131,000 | Bay Colony Development | |
| Manufacturing | 2 | $479,000 | Webster Bank | |
| Professional and technical services | 2 | $225,000 | Leader Bank | |
| Real estate and rental | 2 | $1,150,000 | TD Bank | |
| Health care and social assistance | 1 | $1,500,000 | Live Oak Banking |