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County14th of 14 in Massachusetts by approvalsFIPS 25007
SBA loans in Dukes 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.
Businesses in Dukes County, Massachusetts, received 33 SBA loan approvals worth $13.1M in FY2021 to FY2025 (25 7(a), 8 504).
That is 26.4 approvals per 1,000 business establishments (1,251 establishments in 2023), below the Massachusetts figure of 48.8 and below the national 41.0.
It ranks 14th of 14 Massachusetts counties with approvals. In FY2025 there were 8.
14 lenders had approvals here; the most active were Martha's Vineyard Bank (7), South Eastern Economic Development Corporation (6) and Rockland Trust Company (5). The most common industry was restaurants and other eating places.
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 Dukes County
By number of approvals to businesses in the county, FY2021–FY2025; 14 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Martha's Vineyard BankEdgartown, MA | 7 | $316K | 21.2% | |
| 2 | South Eastern Economic Development CorporationTaunton, MA · CDC | 6 | $6.3M | 18.2% | |
| 3 | Rockland Trust CompanyRockland, MA | 5 | $657K | 15.2% | |
| 4 | The Huntington National BankColumbus, OH | 3 | $1.6M | 9.1% | |
| 5 | Eastern BankBoston, MA | 3 | $585K | 9.1% | |
| 6 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 1 | — | 3.0% | |
| 7 | Northern Bank and Trust CompanyWoburn, MA | 1 | — | 3.0% | |
| 8 | Avidia BankHudson, MA | 1 | — | 3.0% | |
| 9 | SouthState Bank, National AssociationWinter Haven, FL | 1 | — | 3.0% | |
| 10 | Cape & Islands Community Development, Inc.Centerville, MA · CDC | 1 | — | 3.0% | |
| 11 | TD Bank, National AssociationWilmington, DE | 1 | — | 3.0% | |
| 12 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 3.0% | |
| 13 | The Cape Cod Five Cents Savings BankHyannis, MA | 1 | — | 3.0% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 3.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 18.2% | |
| 2 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 3 | 9.1% | |
| 3 | Specialty Food StoresNAICS 4452 | 3 | 9.1% | |
| 4 | Business Support ServicesNAICS 5614 | 2 | 6.1% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 2 | 6.1% | |
| 6 | Traveler AccommodationNAICS 7211 | 1 | 3.0% | |
| 7 | Architectural, Engineering, and Related ServicesNAICS 5413 | 1 | 3.0% | |
| 8 | Clothing and Clothing Accessories RetailersNAICS 4581 | 1 | 3.0% | |
| 9 | Lessors of Real EstateNAICS 5311 | 1 | 3.0% | |
| 10 | Offices of PhysiciansNAICS 6211 | 1 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 7 | 21.2% | |
| 2 | Retail Trade | 6 | 18.2% | |
| 3 | Professional, Scientific, and Technical Services | 5 | 15.2% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 5 | 15.2% | |
| 5 | Construction | 3 | 9.1% | |
| 6 | Health Care and Social Assistance | 2 | 6.1% | |
| 7 | Real Estate and Rental and Leasing | 1 | 3.0% | |
| 8 | Other Services (except Public Administration) | 1 | 3.0% |
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* | 8 | $632K | $63K | 1 | — | 9 | 106 |
| FY2025 | 8 | $2.0M | $46K | 0 | — | 8 | 33 |
| FY2024 | 8 | $982K | $133K | 1 | — | 9 | 32 |
| FY2023 | 4 | $580K | $38K | 1 | — | 5 | 33 |
| FY2022 | 2 | — | — | 3 | $4.2M | 5 | 31 |
| FY2021 | 3 | $461K | $50K | 3 | $2.5M | 6 | 64 |
| FY2020 | 9 | $530K | $25K | 3 | $1.2M | 12 | 103 |
| FY2019 | 4 | $515K | $70K | 0 | — | 4 | 16 |
| FY2018 | 2 | — | — | 2 | — | 4 | 50 |
| FY2017 | 4 | $1.1M | $113K | 1 | — | 5 | 20 |
| FY2016 | 3 | $135K | $25K | 1 | — | 4 | 5 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 29 approvals.
Against Massachusetts and the country
| FY2021–FY2025 | Dukes County | Massachusetts | United States |
|---|---|---|---|
| Approvals | 33 | 8,965 | 342,825 |
| Approvals per 1,000 establishments | 26.4 | 48.8 | 41.0 |
| Median 7(a) approval | $50K | $100K | $190K |
| Median 504 approval | $567K | $455K | $657K |
| Average approval | $396K | $374K | $573K |
| 504 share of approvals | 24.2% | 15.0% | 11.0% |
| Jobs supported per approval, as reported | 5.8 | 9.1 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less39.4%13
- $50,001 to $150,0009.1%3
- $150,001 to $350,00012.1%4
- $350,001 to $1 million30.3%10
- $1 million to $2 million6.1%2
- Over $2 million3.0%1
Age of the businesses
- Existing, more than 2 years old60.6%20
- New business, 2 years or less6.1%2
- Startup, loan funds will open the business24.2%8
- Change of ownership9.1%3
Questions and answers
Which lenders make the most SBA loans in Dukes County?
By approvals in FY2021 to FY2025: Martha's Vineyard Bank (7), South Eastern Economic Development Corporation (6), Rockland Trust Company (5), The Huntington National Bank (3), Eastern Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Dukes County?
The median 7(a) approval was $50K and the median 504 approval $567K; the Massachusetts 7(a) median was $100K.
Which industries get the most SBA loans in Dukes County?
Restaurants and Other Eating Places (6); Accounting, Tax Preparation, Bookkeeping, and Payroll Services (3); Specialty Food Stores (3); Business Support Services (2); Services to Buildings and Dwellings (2).
Is SBA lending in Dukes County rising?
Approvals in the three latest complete fiscal years total 22, against 23 in the three before: broadly level (-4%).
How does Dukes County compare with the rest of Massachusetts?
26.4 approvals per 1,000 establishments against 48.8 statewide, and 33 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