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County11th of 14 in Massachusetts by approvalsFIPS 25015
SBA loans in Hampshire 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 137 loans to businesses in Hampshire County, Massachusetts, in FY2021 to FY2025, worth $48.5M: 112 under 7(a) and 25 under 504.
That is 39.2 approvals per 1,000 business establishments (3,491 establishments in 2023), below the Massachusetts figure of 48.8 and close to the national 41.0.
It ranks 11th of 14 Massachusetts counties with approvals. In FY2025 there were 46, up 31% on FY2024.
38 lenders had approvals here; the most active were Granite State Economic Development Corporation (21), TD Bank, National Association (17) and Manufacturers and Traders Trust Company (16). 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 Hampshire County
By number of approvals to businesses in the county, FY2021–FY2025; 38 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 21 | $17.3M | 15.3% | |
| 2 | TD Bank, National AssociationWilmington, DE | 17 | $980K | 12.4% | |
| 3 | Manufacturers and Traders Trust CompanyBuffalo, NY | 16 | $1.6M | 11.7% | |
| 4 | Florence BankFlorence, MA | 12 | $2.0M | 8.8% | |
| 5 | Greenfield Co-Operative BankGreenfield, MA | 7 | $1.1M | 5.1% | |
| 6 | Rockland Trust CompanyRockland, MA | 5 | $1.9M | 3.6% | |
| 7 | Common Capital Inc.Springfield, MA | 5 | $727K | 3.6% | |
| 8 | New Valley Bank & TrustSpringfield, MA | 4 | $2.5M | 2.9% | |
| 9 | BayFirst National BankSaint Petersburg, FL | 4 | $515K | 2.9% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 3 | $3.8M | 2.2% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 3 | $3.5M | 2.2% | |
| 12 | Bank of America, National AssociationCharlotte, NC | 3 | $1.2M | 2.2% | |
| 13 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $301K | 2.2% | |
| 14 | Greenfield Savings BankGreenfield, MA | 3 | $295K | 2.2% | |
| 15 | North Brookfield Savings BankNorth Brookfield, MA | 3 | $147K | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 15 | 10.9% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 8 | 5.8% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 8 | 5.8% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 7 | 5.1% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 7 | 5.1% | |
| 6 | Beer, Wine, and Liquor StoresNAICS 4453 | 5 | 3.6% | |
| 7 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 5 | 3.6% | |
| 8 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 4 | 2.9% | |
| 9 | Personal Care ServicesNAICS 8121 | 4 | 2.9% | |
| 10 | Traveler AccommodationNAICS 7211 | 3 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 24 | 17.5% | |
| 2 | Accommodation and Food Services | 21 | 15.3% | |
| 3 | Construction | 19 | 13.9% | |
| 4 | Other Services (except Public Administration) | 18 | 13.1% | |
| 5 | Health Care and Social Assistance | 14 | 10.2% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 8 | 5.8% | |
| 7 | Professional, Scientific, and Technical Services | 8 | 5.8% | |
| 8 | Manufacturing | 7 | 5.1% |
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* | 20 | $5.4M | $68K | 3 | $812K | 23 | 91 |
| FY2025 | 42 | $10.6M | $50K | 4 | $3.7M | 46 | 372 |
| FY2024 | 30 | $6.6M | $89K | 5 | $1.9M | 35 | 181 |
| FY2023 | 13 | $4.4M | $150K | 3 | $5.5M | 16 | 176 |
| FY2022 | 12 | $1.4M | $113K | 6 | $1.7M | 18 | 200 |
| FY2021 | 15 | $5.2M | $120K | 7 | $7.5M | 22 | 193 |
| FY2020 | 19 | $4.7M | $150K | 6 | $2.3M | 25 | 193 |
| FY2019 | 16 | $2.1M | $133K | 6 | $2.1M | 22 | 207 |
| FY2018 | 28 | $4.6M | $90K | 5 | $6.3M | 33 | 255 |
| FY2017 | 31 | $4.9M | $75K | 3 | $920K | 34 | 183 |
| FY2016 | 47 | $6.0M | $60K | 5 | $1.8M | 52 | 363 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 166 approvals.
Against Massachusetts and the country
| FY2021–FY2025 | Hampshire County | Massachusetts | United States |
|---|---|---|---|
| Approvals | 137 | 8,965 | 342,825 |
| Approvals per 1,000 establishments | 39.2 | 48.8 | 41.0 |
| Median 7(a) approval | $90K | $100K | $190K |
| Median 504 approval | $376K | $455K | $657K |
| Average approval | $354K | $374K | $573K |
| 504 share of approvals | 18.2% | 15.0% | 11.0% |
| Jobs supported per approval, as reported | 8.2 | 9.1 | 10.5 |
| Share of state approvals | 1.5% | 100.0% | — |
Approval sizes
- $50,000 or less32.1%44
- $50,001 to $150,00024.1%33
- $150,001 to $350,00019.7%27
- $350,001 to $1 million15.3%21
- $1 million to $2 million6.6%9
- Over $2 million2.2%3
Age of the businesses
- Existing, more than 2 years old56.2%77
- New business, 2 years or less17.5%24
- Startup, loan funds will open the business13.1%18
- Change of ownership13.1%18
Questions and answers
Which lenders make the most SBA loans in Hampshire County?
By approvals in FY2021 to FY2025: Granite State Economic Development Corporation (21), TD Bank, National Association (17), Manufacturers and Traders Trust Company (16), Florence Bank (12), Greenfield Co-Operative Bank (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Hampshire County?
The median 7(a) approval was $90K and the median 504 approval $376K; the Massachusetts 7(a) median was $100K.
Which industries get the most SBA loans in Hampshire County?
Restaurants and Other Eating Places (15); Building Equipment Contractors (8); Automotive Repair and Maintenance (8); Services to Buildings and Dwellings (7); Offices of Other Health Practitioners (7).
Is SBA lending in Hampshire County rising?
Approvals in the three latest complete fiscal years total 97, against 65 in the three before: rising (+49%).
How does Hampshire County compare with the rest of Massachusetts?
39.2 approvals per 1,000 establishments against 48.8 statewide, and 137 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