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County10th of 14 in Massachusetts by approvalsFIPS 25003
SBA loans in Berkshire County, Massachusetts
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 164 loans to businesses in Berkshire County, Massachusetts, in FY2021 to FY2025, worth $70.6M: 125 under 7(a) and 39 under 504.
That is 43.7 approvals per 1,000 business establishments (3,749 establishments in 2023), close to the Massachusetts figure of 48.8 and close to the national 41.0.
It ranks 10th of 14 Massachusetts counties with approvals. In FY2025 there were 34, down 28% on FY2024.
32 lenders had approvals here; the most active were Granite State Economic Development Corporation (24), Lee Bank (22) and TD Bank, National Association (20). The most common industry was traveler accommodation.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Berkshire County
By number of approvals to businesses in the county, FY2021–FY2025; 32 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 24 | $13.9M | 14.6% | |
| 2 | Lee BankLee, MA | 22 | $7.9M | 13.4% | |
| 3 | TD Bank, National AssociationWilmington, DE | 20 | $1.3M | 12.2% | |
| 4 | Greylock Federal Credit UnionPittsfield, MA | 19 | $1.6M | 11.6% | |
| 5 | Adams Community BankAdams, MA | 12 | $2.8M | 7.3% | |
| 6 | Bay Colony Development CorporationWaltham, MA · CDC | 10 | $9.5M | 6.1% | |
| 7 | Beacon Bank and TrustBrookline, MA | 9 | $3.7M | 5.5% | |
| 8 | New England Certified Development CorporationWakefield, MA · CDC | 5 | $5.4M | 3.0% | |
| 9 | Common Capital Inc.Springfield, MA | 5 | $697K | 3.0% | |
| 10 | NBT Bank, National AssociationNorwich, NY | 4 | $1.1M | 2.4% | |
| 11 | The Pittsfield Co-operative BankPittsfield, MA | 4 | $327K | 2.4% | |
| 12 | First Internet Bank of IndianaFishers, IN | 3 | $3.6M | 1.8% | |
| 13 | Hanover Community BankMineola, NY | 3 | $2.9M | 1.8% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $740K | 1.8% | |
| 15 | Rockland Trust CompanyRockland, MA | 2 | — | 1.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 19 | 11.6% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 16 | 9.8% | |
| 3 | Other Personal ServicesNAICS 8129 | 10 | 6.1% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 9 | 5.5% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 9 | 5.5% | |
| 6 | Personal Care ServicesNAICS 8121 | 8 | 4.9% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 5 | 3.0% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 5 | 3.0% | |
| 9 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 4 | 2.4% | |
| 10 | Beer, Wine, and Liquor StoresNAICS 4453 | 4 | 2.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 46 | 28.0% | |
| 2 | Retail Trade | 20 | 12.2% | |
| 3 | Other Services (except Public Administration) | 20 | 12.2% | |
| 4 | Construction | 17 | 10.4% | |
| 5 | Arts, Entertainment, and Recreation | 13 | 7.9% | |
| 6 | Manufacturing | 10 | 6.1% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 10 | 6.1% | |
| 8 | Real Estate and Rental and Leasing | 6 | 3.7% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 18 | $6.9M | $86K | 3 | $1.6M | 21 | 184 |
| FY2025 | 28 | $6.5M | $68K | 6 | $4.3M | 34 | 206 |
| FY2024 | 38 | $15.5M | $94K | 9 | $3.5M | 47 | 371 |
| FY2023 | 17 | $9.6M | $299K | 5 | $10.2M | 22 | 175 |
| FY2022 | 13 | $3.8M | $110K | 6 | $3.6M | 19 | 123 |
| FY2021 | 29 | $6.5M | $50K | 13 | $7.2M | 42 | 384 |
| FY2020 | 12 | $1.3M | $43K | 8 | $2.6M | 20 | 103 |
| FY2019 | 14 | $5.9M | $75K | 8 | $6.0M | 22 | 101 |
| FY2018 | 28 | $1.8M | $44K | 10 | $6.9M | 38 | 174 |
| FY2017 | 64 | $6.9M | $50K | 8 | $6.1M | 72 | 395 |
| FY2016 | 77 | $8.4M | $50K | 2 | — | 79 | 313 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 231 approvals.
Against Massachusetts and the country
| FY2021–FY2025 | Berkshire County | Massachusetts | United States |
|---|---|---|---|
| Approvals | 164 | 8,965 | 342,825 |
| Approvals per 1,000 establishments | 43.7 | 48.8 | 41.0 |
| Median 7(a) approval | $95K | $100K | $190K |
| Median 504 approval | $269K | $455K | $657K |
| Average approval | $431K | $374K | $573K |
| 504 share of approvals | 23.8% | 15.0% | 11.0% |
| Jobs supported per approval, as reported | 7.7 | 9.1 | 10.5 |
| Share of state approvals | 1.8% | 100.0% | — |
Approval sizes
- $50,000 or less28.7%47
- $50,001 to $150,00023.8%39
- $150,001 to $350,00018.9%31
- $350,001 to $1 million16.5%27
- $1 million to $2 million8.5%14
- Over $2 million3.7%6
Age of the businesses
- Existing, more than 2 years old43.3%71
- New business, 2 years or less17.1%28
- Startup, loan funds will open the business32.3%53
- Change of ownership7.3%12
Questions and answers
Which lenders make the most SBA loans in Berkshire County?
By approvals in FY2021 to FY2025: Granite State Economic Development Corporation (24), Lee Bank (22), TD Bank, National Association (20), Greylock Federal Credit Union (19), Adams Community Bank (12). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Berkshire County?
The median 7(a) approval was $95K and the median 504 approval $269K; the Massachusetts 7(a) median was $100K.
Which industries get the most SBA loans in Berkshire County?
Traveler Accommodation (19); Restaurants and Other Eating Places (16); Other Personal Services (10); Other Amusement and Recreation Industries (9); Services to Buildings and Dwellings (9).
Is SBA lending in Berkshire County rising?
Approvals in the three latest complete fiscal years total 103, against 81 in the three before: rising (+27%).
How does Berkshire County compare with the rest of Massachusetts?
43.7 approvals per 1,000 establishments against 48.8 statewide, and 164 of the state's 8,965 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error