96 SBA loans worth $22.9M went to businesses in Springfield, MA between October 2021 and June 2026, from 26 lenders. TD Bank made the most, 34 loans. The median loan was $90,000, compared with $145,000 across Massachusetts, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 34 | $2.2M | $35,000 | 41% |
| 2 | Manufacturers and Traders Trust Bank · Buffalo, NY | 11 | $625K | $65,000 | 27% |
| 3 | New Valley Bank & Trust Non-bank lender · Springfield, MA | 7 | $1.1M | $150,000 | 43% |
| 4 | Common Capital Non-bank lender · Springfield, MA | 5 | $1.1M | $249,000 | 80% |
| 5 | Newtek Bank Bank · Miami, FL | 4 | $2.3M | $307,500 | 25% |
| 6 | Northeast Bank Bank · Portland, ME | 4 | $950K | $225,000 | 25% |
| 7 | Live Oak Banking Bank · Wilmington, NC | 3 | $3.0M | $500,000 | 33% |
| 8 | Granite State Economic Development Certified development company · Portsmouth, NH | 3 | $1.6M | $288,000 | 0% |
| 9 | bankESB Bank · Easthampton, MA | 3 | $437K | $72,000 | 0% |
| 10 | New England Certified Development Certified development company · Wakefield, MA | 2 | $2.6M | $1,317,500 | 50% |
| 11 | First Bank of the Lake Bank · Osage Beach, MO | 2 | $1.3M | $674,950 | 100% |
| 12 | Wilmington Savings Fund Society FSB Bank · Wilmington, DE | 2 | $1.2M | $577,500 | 100% |
| 13 | Florence Bank Bank · Florence, MA | 2 | $295K | $147,500 | 0% |
| 14 | KeyBank Bank · Cleveland, OH | 2 | $45K | $22,500 | 100% |
| 15 | Beacon Bank and Trust Bank · Boston, MA | 1 | $1.5M | $1,467,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 17 | $50,000 | TD Bank | |
| Health care and social assistance | 16 | $159,500 | TD Bank | |
| Transportation and warehousing | 11 | $75,000 | TD Bank | |
| Restaurants and hotels | 9 | $75,000 | Manufacturers and Traders Trust | |
| Other services (repair, personal care) | 8 | $112,500 | Wilmington Savings Fund Society FSB | |
| Administrative and support services | 8 | $98,000 | TD Bank | |
| Professional and technical services | 8 | $135,000 | TD Bank | |
| Manufacturing | 5 | $150,000 | bankESB |