States › Massachusetts › Hampden County
County9th of 14 in Massachusetts by approvalsFIPS 25013
SBA loans in Hampden 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 389 loans to businesses in Hampden County, Massachusetts, in FY2021 to FY2025, worth $148M: 321 under 7(a) and 68 under 504.
That is 41.7 approvals per 1,000 business establishments (9,339 establishments in 2023), close to the Massachusetts figure of 48.8 and close to the national 41.0.
It ranks 9th of 14 Massachusetts counties with approvals. In FY2025 there were 105, up 9% on FY2024.
54 lenders had approvals here; the most active were TD Bank, National Association (95), Granite State Economic Development Corporation (49) and Manufacturers and Traders Trust Company (31). 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 Hampden County
By number of approvals to businesses in the county, FY2021–FY2025; 54 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | TD Bank, National AssociationWilmington, DE | 95 | $14.1M | 24.4% | |
| 2 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 49 | $21.7M | 12.6% | |
| 3 | Manufacturers and Traders Trust CompanyBuffalo, NY | 31 | $2.7M | 8.0% | |
| 4 | Common Capital Inc.Springfield, MA | 21 | $3.0M | 5.4% | |
| 5 | KeyBank National AssociationCleveland, OH | 17 | $5.4M | 4.4% | |
| 6 | Beacon Bank and TrustBrookline, MA | 14 | $9.8M | 3.6% | |
| 7 | New Valley Bank & TrustSpringfield, MA | 14 | $3.4M | 3.6% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 11 | $18.7M | 2.8% | |
| 9 | Bay Colony Development CorporationWaltham, MA · CDC | 10 | $3.1M | 2.6% | |
| 10 | The Huntington National BankColumbus, OH | 10 | $2.1M | 2.6% | |
| 11 | New England Certified Development CorporationWakefield, MA · CDC | 9 | $10.8M | 2.3% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 9 | $3.7M | 2.3% | |
| 13 | Northeast BankLewiston, ME | 9 | $1.4M | 2.3% | |
| 14 | Rockland Trust CompanyRockland, MA | 7 | $3.4M | 1.8% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 7 | $950K | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 36 | 9.3% | |
| 2 | General Freight TruckingNAICS 4841 | 20 | 5.1% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 17 | 4.4% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 14 | 3.6% | |
| 5 | Personal Care ServicesNAICS 8121 | 13 | 3.3% | |
| 6 | Home Health Care ServicesNAICS 6216 | 11 | 2.8% | |
| 7 | Lessors of Real EstateNAICS 5311 | 8 | 2.1% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 8 | 2.1% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 8 | 2.1% | |
| 10 | Residential Building ConstructionNAICS 2361 | 8 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 51 | 13.1% | |
| 2 | Health Care and Social Assistance | 49 | 12.6% | |
| 3 | Accommodation and Food Services | 46 | 11.8% | |
| 4 | Manufacturing | 38 | 9.8% | |
| 5 | Transportation and Warehousing | 36 | 9.3% | |
| 6 | Other Services (except Public Administration) | 35 | 9.0% | |
| 7 | Construction | 35 | 9.0% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 31 | 8.0% |
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* | 40 | $12.5M | $90K | 6 | $6.2M | 46 | 456 |
| FY2025 | 93 | $26.7M | $100K | 12 | $7.7M | 105 | 1,245 |
| FY2024 | 84 | $28.2M | $91K | 12 | $4.5M | 96 | 885 |
| FY2023 | 54 | $13.3M | $100K | 11 | $9.0M | 65 | 731 |
| FY2022 | 53 | $18.3M | $150K | 18 | $8.7M | 71 | 434 |
| FY2021 | 37 | $26.1M | $200K | 15 | $5.7M | 52 | 694 |
| FY2020 | 37 | $9.3M | $100K | 10 | $4.6M | 47 | 206 |
| FY2019 | 61 | $12.2M | $50K | 17 | $7.6M | 78 | 351 |
| FY2018 | 84 | $13.4M | $50K | 6 | $2.5M | 90 | 518 |
| FY2017 | 140 | $19.1M | $50K | 5 | $14.4M | 145 | 1,005 |
| FY2016 | 158 | $17.5M | $75K | 8 | $6.7M | 166 | 890 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 526 approvals.
Against Massachusetts and the country
| FY2021–FY2025 | Hampden County | Massachusetts | United States |
|---|---|---|---|
| Approvals | 389 | 8,965 | 342,825 |
| Approvals per 1,000 establishments | 41.7 | 48.8 | 41.0 |
| Median 7(a) approval | $100K | $100K | $190K |
| Median 504 approval | $271K | $455K | $657K |
| Average approval | $381K | $374K | $573K |
| 504 share of approvals | 17.5% | 15.0% | 11.0% |
| Jobs supported per approval, as reported | 10.3 | 9.1 | 10.5 |
| Share of state approvals | 4.3% | 100.0% | — |
Approval sizes
- $50,000 or less28.5%111
- $50,001 to $150,00026.0%101
- $150,001 to $350,00019.8%77
- $350,001 to $1 million15.7%61
- $1 million to $2 million5.4%21
- Over $2 million4.6%18
Age of the businesses
- Existing, more than 2 years old56.8%221
- New business, 2 years or less19.3%75
- Startup, loan funds will open the business16.7%65
- Change of ownership7.2%28
Questions and answers
Which lenders make the most SBA loans in Hampden County?
By approvals in FY2021 to FY2025: TD Bank, National Association (95), Granite State Economic Development Corporation (49), Manufacturers and Traders Trust Company (31), Common Capital Inc. (21), KeyBank National Association (17). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Hampden County?
The median 7(a) approval was $100K and the median 504 approval $271K; the Massachusetts 7(a) median was $100K.
Which industries get the most SBA loans in Hampden County?
Restaurants and Other Eating Places (36); General Freight Trucking (20); Offices of Other Health Practitioners (17); Services to Buildings and Dwellings (14); Personal Care Services (13).
Is SBA lending in Hampden County rising?
Approvals in the three latest complete fiscal years total 266, against 170 in the three before: rising (+56%).
How does Hampden County compare with the rest of Massachusetts?
41.7 approvals per 1,000 establishments against 48.8 statewide, and 389 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