45 SBA loans worth $22.1M went to businesses in West Springfield, MA between October 2021 and June 2026, from 20 lenders. TD Bank made the most, 14 loans. The median loan was $147,500, compared with $145,000 across Massachusetts, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 14 | $1.6M | $50,000 | 50% |
| 2 | Granite State Economic Development Certified development company · Portsmouth, NH | 4 | $3.0M | $215,000 | 0% |
| 3 | Live Oak Banking Bank · Wilmington, NC | 3 | $5.5M | $1,450,000 | 33% |
| 4 | Liberty Bank Bank · Middletown, CT | 2 | $1.8M | $908,000 | 0% |
| 5 | Huntington National Bank Bank · Columbus, OH | 2 | $541K | $270,350 | 100% |
| 6 | Common Capital Non-bank lender · Springfield, MA | 2 | $524K | $262,000 | 50% |
| 7 | BayFirst National Bank Bank · St. Petersburg, FL | 2 | $300K | $150,000 | 0% |
| 8 | Workers FCU Credit union · Littleton, MA | 2 | $232K | $115,800 | 100% |
| 9 | Manufacturers and Traders Trust Bank · Buffalo, NY | 2 | $125K | $62,500 | 0% |
| 10 | KeyBank Bank · Cleveland, OH | 2 | $55K | $27,500 | 50% |
| 11 | New England Certified Development Certified development company · Wakefield, MA | 1 | $5.0M | $4,999,000 | 0% |
| 12 | FDIC - Community Bank & Trust-West Georgia Non-bank lender · Lagrange, GA | 1 | $1.4M | $1,419,000 | 100% |
| 13 | Woori America Bank Bank · New York, NY | 1 | $530K | $530,000 | 100% |
| 14 | Newtek Bank Bank · Miami, FL | 1 | $500K | $500,000 | 0% |
| 15 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $474K | $473,500 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 8 | $106,400 | TD Bank | |
| Other services (repair, personal care) | 6 | $111,250 | TD Bank | |
| Manufacturing | 6 | $311,750 | Manufacturers and Traders Trust | |
| Transportation and warehousing | 6 | $51,500 | TD Bank | |
| Restaurants and hotels | 6 | $347,850 | Huntington National Bank | |
| Health care and social assistance | 5 | $400,000 | Live Oak Banking | |
| Retail | 3 | $150,000 | Liberty Bank | |
| Administrative and support services | 2 | $120,000 | Beacon Bank and Trust |