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SBA Loans in Springfield, MA
7(a) and 504 loans approved, fiscal years 2022 to 2026
- Loans approved
- 97
- Amount approved
- $23.43M
- Jobs supported
- 1,051
- As reported by borrowers
Counts and dollar amounts are SBA 7(a) and 504 loans approved in each federal fiscal year (October to September), from SBA's FOIA loan data. Loans are placed by the project county and the borrower's city. Borrower names are not shown. Jobs supported are the jobs borrowers reported when they applied.
Loans by fiscal year
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| Year | Loans | Amount | Average | 7(a) | 504 |
|---|---|---|---|---|---|
| FY2026 (through 06/30/2026) | 15 | $3.81M | $254,200 | 13 | 2 |
| FY2025 | 24 | $6.37M | $265,417 | 23 | 1 |
| FY2024 | 29 | $6.33M | $218,107 | 29 | 0 |
| FY2023 | 14 | $2.19M | $156,357 | 14 | 0 |
| FY2022 | 15 | $4.73M | $315,467 | 12 | 3 |
Top industries
All years shown, by amount
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| Industry | Loans | Amount |
|---|---|---|
| Automotive Oil Change and Lubrication Shops | 4 | $3.2M |
| Lessors of Miniwarehouses and Self-Storage Units | 2 | $2.48M |
| Other Management Consulting Services | 3 | $1.87M |
| Facilities Support Services | 1 | $1.5M |
| Services for the Elderly and Persons with Disabilities | 2 | $1.35M |
| Limited-Service Restaurants | 8 | $1.26M |
| Home Health Care Services | 4 | $1.23M |
| General Freight Trucking, Long-Distance, Truckload | 10 | $1.15M |
| Metal Heat Treating | 1 | $1.15M |
| Offices of Physicians (except Mental Health Specialists) | 2 | $730K |
Top lenders
7(a) lenders and 504 certified development companies, by amount
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| Lender | Loans | Amount |
|---|---|---|
| Live Oak Banking Company | 3 | $2.97M |
| New England Certified Development Corporation | 2 | $2.64M |
| Newtek Bank, National Association | 4 | $2.32M |
| TD Bank, National Association | 34 | $2.25M |
| Granite State Economic Development Corporation | 3 | $1.59M |
| Beacon Bank and Trust | 1 | $1.47M |
| First Bank of the Lake | 2 | $1.35M |
| Wilmington Savings Fund Society FSB | 2 | $1.16M |
| New Valley Bank & Trust | 7 | $1.13M |
| Common Capital Inc. | 5 | $1.06M |
Source: U.S. Small Business Administration, 7(a) and 504 FOIA loan data · Last updated 06/30/2026