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County13th of 14 in Massachusetts by approvalsFIPS 25019
SBA loans in Nantucket 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 47 loans to businesses in Nantucket County, Massachusetts, in FY2021 to FY2025, worth $24.1M: 37 under 7(a) and 10 under 504.
That is 35.7 approvals per 1,000 business establishments (1,317 establishments in 2023), below the Massachusetts figure of 48.8 and close to the national 41.0.
It ranks 13th of 14 Massachusetts counties with approvals. In FY2025 there were 11.
15 lenders had approvals here; the most active were The Cape Cod Five Cents Savings Bank (12), Rockland Trust Company (6) and Bay Colony Development Corporation (4). The most common industry was residential building construction.
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 Nantucket County
By number of approvals to businesses in the county, FY2021–FY2025; 15 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Cape Cod Five Cents Savings BankHyannis, MA | 12 | $1.1M | 25.5% | |
| 2 | Rockland Trust CompanyRockland, MA | 6 | $2.0M | 12.8% | |
| 3 | Bay Colony Development CorporationWaltham, MA · CDC | 4 | $2.6M | 8.5% | |
| 4 | Bank of America, National AssociationCharlotte, NC | 4 | $1.5M | 8.5% | |
| 5 | Northeast BankLewiston, ME | 3 | $525K | 6.4% | |
| 6 | Eastern BankBoston, MA | 3 | $286K | 6.4% | |
| 7 | KeyBank National AssociationCleveland, OH | 2 | — | 4.3% | |
| 8 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 4.3% | |
| 9 | Seacoast National BankStuart, FL | 2 | — | 4.3% | |
| 10 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 2 | — | 4.3% | |
| 11 | New England Certified Development CorporationWakefield, MA · CDC | 2 | — | 4.3% | |
| 12 | Cape & Islands Community Development, Inc.Centerville, MA · CDC | 2 | — | 4.3% | |
| 13 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.1% | |
| 14 | U.S. Bank, National AssociationCincinnati, OH | 1 | — | 2.1% | |
| 15 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 8 | 17.0% | |
| 2 | Building Finishing ContractorsNAICS 2383 | 8 | 17.0% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 5 | 10.6% | |
| 4 | Traveler AccommodationNAICS 7211 | 3 | 6.4% | |
| 5 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 6.4% | |
| 6 | Beer, Wine, and Liquor StoresNAICS 4453 | 2 | 4.3% | |
| 7 | Clothing StoresNAICS 4481 | 2 | 4.3% | |
| 8 | Jewelry, Luggage, and Leather Goods RetailersNAICS 4583 | 2 | 4.3% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 4.3% | |
| 10 | Consumer Goods RentalNAICS 5322 | 1 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 18 | 38.3% | |
| 2 | Retail Trade | 8 | 17.0% | |
| 3 | Administrative and Support and Waste Management and Remediation Services | 7 | 14.9% | |
| 4 | Accommodation and Food Services | 6 | 12.8% | |
| 5 | Real Estate and Rental and Leasing | 3 | 6.4% | |
| 6 | Professional, Scientific, and Technical Services | 2 | 4.3% | |
| 7 | Other Services (except Public Administration) | 2 | 4.3% | |
| 8 | Arts, Entertainment, and Recreation | 1 | 2.1% |
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* | 4 | $1.6M | $180K | 1 | — | 5 | 31 |
| FY2025 | 10 | $991K | $73K | 1 | — | 11 | 37 |
| FY2024 | 5 | $1.7M | $150K | 0 | — | 5 | 24 |
| FY2023 | 8 | $3.3M | $100K | 2 | — | 10 | 59 |
| FY2022 | 6 | $2.6M | $85K | 3 | $3.4M | 9 | 44 |
| FY2021 | 8 | $7.0M | $403K | 4 | $3.2M | 12 | 66 |
| FY2020 | 1 | — | — | 2 | — | 3 | 9 |
| FY2019 | 5 | $2.0M | $150K | 0 | — | 5 | 39 |
| FY2018 | 2 | — | — | 3 | $2.8M | 5 | 29 |
| FY2017 | 9 | $1.1M | $120K | 0 | — | 9 | 97 |
| FY2016 | 8 | $5.8M | $100K | 0 | — | 8 | 75 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 30 approvals.
Against Massachusetts and the country
| FY2021–FY2025 | Nantucket County | Massachusetts | United States |
|---|---|---|---|
| Approvals | 47 | 8,965 | 342,825 |
| Approvals per 1,000 establishments | 35.7 | 48.8 | 41.0 |
| Median 7(a) approval | $100K | $100K | $190K |
| Median 504 approval | $778K | $455K | $657K |
| Average approval | $513K | $374K | $573K |
| 504 share of approvals | 21.3% | 15.0% | 11.0% |
| Jobs supported per approval, as reported | 4.9 | 9.1 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less21.3%10
- $50,001 to $150,00031.9%15
- $150,001 to $350,00012.8%6
- $350,001 to $1 million14.9%7
- $1 million to $2 million12.8%6
- Over $2 million6.4%3
Age of the businesses
- Existing, more than 2 years old63.8%30
- New business, 2 years or less19.1%9
- Startup, loan funds will open the business8.5%4
- Change of ownership8.5%4
Questions and answers
Which lenders make the most SBA loans in Nantucket County?
By approvals in FY2021 to FY2025: The Cape Cod Five Cents Savings Bank (12), Rockland Trust Company (6), Bay Colony Development Corporation (4), Bank of America, National Association (4), Northeast Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Nantucket County?
The median 7(a) approval was $100K and the median 504 approval $778K; the Massachusetts 7(a) median was $100K.
Which industries get the most SBA loans in Nantucket County?
Residential Building Construction (8); Building Finishing Contractors (8); Services to Buildings and Dwellings (5); Traveler Accommodation (3); Restaurants and Other Eating Places (3).
Is SBA lending in Nantucket County rising?
Approvals in the three latest complete fiscal years total 26, against 24 in the three before: broadly level (+8%).
How does Nantucket County compare with the rest of Massachusetts?
35.7 approvals per 1,000 establishments against 48.8 statewide, and 47 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