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County12th of 14 in Massachusetts by approvalsFIPS 25011
SBA loans in Franklin 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 68 loans to businesses in Franklin County, Massachusetts, in FY2021 to FY2025, worth $23.1M: 45 under 7(a) and 23 under 504.
That is 43.9 approvals per 1,000 business establishments (1,549 establishments in 2023), close to the Massachusetts figure of 48.8 and close to the national 41.0.
It ranks 12th of 14 Massachusetts counties with approvals. In FY2025 there were 21.
20 lenders had approvals here; the most active were Granite State Economic Development Corporation (20), Greenfield Co-Operative Bank (8) and TD Bank, National Association (6). The most common industry was machine shops; turned product; and screw, nut, and bolt manufacturing.
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 Franklin County
By number of approvals to businesses in the county, FY2021–FY2025; 20 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 20 | $9.1M | 29.4% | |
| 2 | Greenfield Co-Operative BankGreenfield, MA | 8 | $403K | 11.8% | |
| 3 | TD Bank, National AssociationWilmington, DE | 6 | $592K | 8.8% | |
| 4 | Manufacturers and Traders Trust CompanyBuffalo, NY | 6 | $235K | 8.8% | |
| 5 | New England Certified Development CorporationWakefield, MA · CDC | 3 | $1.9M | 4.4% | |
| 6 | Live Oak Banking CompanyWilmington, NC | 3 | $850K | 4.4% | |
| 7 | Common Capital Inc.Springfield, MA | 3 | $387K | 4.4% | |
| 8 | Northeast BankLewiston, ME | 3 | $360K | 4.4% | |
| 9 | Liberty BankMiddletown, CT | 2 | — | 2.9% | |
| 10 | Workers FCULittleton, MA | 2 | — | 2.9% | |
| 11 | Florence BankFlorence, MA | 2 | — | 2.9% | |
| 12 | Adams Community BankAdams, MA | 2 | — | 2.9% | |
| 13 | Bank Five NineOconomowoc, WI | 1 | — | 1.5% | |
| 14 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 1.5% | |
| 15 | PeoplesBankHolyoke, MA | 1 | — | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 11 | 16.2% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 7.4% | |
| 3 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 4 | 5.9% | |
| 4 | Other Food ManufacturingNAICS 3119 | 3 | 4.4% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 3 | 4.4% | |
| 6 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 2.9% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 2 | 2.9% | |
| 8 | Residential Building ConstructionNAICS 2361 | 2 | 2.9% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 2 | 2.9% | |
| 10 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 2 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 16 | 23.5% | |
| 2 | Construction | 8 | 11.8% | |
| 3 | Retail Trade | 8 | 11.8% | |
| 4 | Accommodation and Food Services | 6 | 8.8% | |
| 5 | Other Services (except Public Administration) | 6 | 8.8% | |
| 6 | Professional, Scientific, and Technical Services | 6 | 8.8% | |
| 7 | Health Care and Social Assistance | 4 | 5.9% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 3 | 4.4% |
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 | $6.4M | $38K | 3 | $473K | 11 | 81 |
| FY2025 | 16 | $2.2M | $94K | 5 | $1.2M | 21 | 101 |
| FY2024 | 7 | $755K | $50K | 2 | — | 9 | 85 |
| FY2023 | 10 | $3.7M | $114K | 2 | — | 12 | 69 |
| FY2022 | 4 | $2.3M | $283K | 6 | $2.6M | 10 | 85 |
| FY2021 | 8 | $3.2M | $58K | 8 | $1.2M | 16 | 45 |
| FY2020 | 11 | $2.4M | $107K | 3 | $986K | 14 | 86 |
| FY2019 | 9 | $930K | $60K | 1 | — | 10 | 46 |
| FY2018 | 19 | $2.2M | $55K | 2 | — | 21 | 115 |
| FY2017 | 14 | $1.9M | $50K | 1 | — | 15 | 69 |
| FY2016 | 19 | $2.6M | $58K | 4 | $1.8M | 23 | 151 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 83 approvals.
Against Massachusetts and the country
| FY2021–FY2025 | Franklin County | Massachusetts | United States |
|---|---|---|---|
| Approvals | 68 | 8,965 | 342,825 |
| Approvals per 1,000 establishments | 43.9 | 48.8 | 41.0 |
| Median 7(a) approval | $90K | $100K | $190K |
| Median 504 approval | $194K | $455K | $657K |
| Average approval | $339K | $374K | $573K |
| 504 share of approvals | 33.8% | 15.0% | 11.0% |
| Jobs supported per approval, as reported | 5.7 | 9.1 | 10.5 |
| Share of state approvals | 0.8% | 100.0% | — |
Approval sizes
- $50,000 or less27.9%19
- $50,001 to $150,00030.9%21
- $150,001 to $350,00016.2%11
- $350,001 to $1 million16.2%11
- $1 million to $2 million5.9%4
- Over $2 million2.9%2
Age of the businesses
- Existing, more than 2 years old64.7%44
- New business, 2 years or less16.2%11
- Startup, loan funds will open the business13.2%9
- Change of ownership5.9%4
Questions and answers
Which lenders make the most SBA loans in Franklin County?
By approvals in FY2021 to FY2025: Granite State Economic Development Corporation (20), Greenfield Co-Operative Bank (8), TD Bank, National Association (6), Manufacturers and Traders Trust Company (6), New England Certified Development Corporation (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Franklin County?
The median 7(a) approval was $90K and the median 504 approval $194K; the Massachusetts 7(a) median was $100K.
Which industries get the most SBA loans in Franklin County?
Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing (11); Automotive Repair and Maintenance (5); RV (Recreational Vehicle) Parks and Recreational Camps (4); Other Food Manufacturing (3); Services to Buildings and Dwellings (3).
Is SBA lending in Franklin County rising?
Approvals in the three latest complete fiscal years total 42, against 40 in the three before: broadly level (+5%).
How does Franklin County compare with the rest of Massachusetts?
43.9 approvals per 1,000 establishments against 48.8 statewide, and 68 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