Lenders › Beacon Bank and Trust
7(a) lenderBrookline, MassachusettsFDIC-insured bank33rd of 2,184 by approvals
Beacon Bank and Trust
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
In FY2021 to FY2025 SBA approved 1,271 7(a) loans, worth $1.26bn, through Beacon Bank and Trust of Brookline, Massachusetts, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 33rd among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 255 approvals totalling $269M, about level with FY2024 (240). FY2026 to 30 Jun 2026 adds 116 more.
The median approval was $630K, against $190K for the 7(a) program as a whole; 24.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 43 states and territories and 292 counties, led by Massachusetts (16.3%), Pennsylvania (14.0%) and Florida (11.3%). The largest industry group was accommodation and food services at 17.0% of approvals, and 11.0% of approvals were to franchise businesses.
Of 4,015 disbursed loans approved in FY2010 to FY2021, SBA records 186 as charged off (4.6%), 3,205 as paid in full and 624 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 116 | $179M | $1.1M | $1.5M | 1,660 |
| FY2025 | 255 | $269M | $534K | $1.1M | 3,733 |
| FY2024 | 240 | $248M | $500K | $1.0M | 3,489 |
| FY2023 | 253 | $241M | $594K | $952K | 4,200 |
| FY2022 | 217 | $206M | $675K | $951K | 3,427 |
| FY2021 | 306 | $299M | $695K | $977K | 7,212 |
| FY2020 | 225 | $204M | $600K | $906K | 4,413 |
| FY2019 | 327 | $216M | $260K | $659K | 5,964 |
| FY2018 | 441 | $186M | $100K | $421K | 5,423 |
| FY2017 | 609 | $145M | $76K | $238K | 4,264 |
| FY2016 | 805 | $121M | $75K | $150K | 3,886 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 2,407 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Massachusetts | 7(a) program |
|---|---|---|---|
| Approvals in these years | 4,401 | 21,862 | 639,905 |
| Cancelled or never disbursed | 386 | 2,699 | 79,313 |
| Disbursed loans | 4,015 | 19,163 | 560,592 |
| Paid in full | 3,205 | 16,336 | 435,813 |
| Charged off | 186 | 1,068 | 36,891 |
| Still outstanding (status exempt from disclosure) | 624 | 1,759 | 87,888 |
| Charged off, share of disbursed loans | 4.6% | 5.6% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.8% | 2.9% | 2.5% |
| Dollars charged off | $40.4M | $94.5M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 278 | 140 | 3 | 1.1% | 2.8% |
| FY2020 | 206 | 119 | 5 | 2.4% | 4.0% |
| FY2019 | 286 | 189 | 11 | 3.8% | 6.7% |
| FY2018 | 415 | 307 | 19 | 4.6% | 7.9% |
| FY2017 | 578 | 472 | 28 | 4.8% | 7.7% |
| FY2016 | 770 | 644 | 40 | 5.2% | 7.2% |
| FY2015 | 532 | 454 | 37 | 7.0% | 6.9% |
| FY2014 | 214 | 201 | 6 | 2.8% | 6.4% |
| FY2013 | 133 | 125 | 5 | 3.8% | 6.0% |
| FY2012 | 163 | 146 | 10 | 6.1% | 6.3% |
| FY2011 | 226 | 210 | 13 | 5.8% | 6.9% |
| FY2010 | 214 | 198 | 9 | 4.2% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $630K | $190K |
| Average approval | $994K | $518K |
| Approvals of $150,000 or less | 24.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 30.1% | 34.3% |
| Approvals to franchise businesses | 11.0% | 11.5% |
| Jobs supported per approval, as reported | 17.4 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 4.6% | 6.6% |
States served
| # | State of the business (43 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Massachusetts | 207 | $106M | 16.3% | |
| 2 | Pennsylvania | 178 | $180M | 14.0% | |
| 3 | Florida | 143 | $193M | 11.3% | |
| 4 | New Jersey | 108 | $112M | 8.5% | |
| 5 | Rhode Island | 104 | $33.4M | 8.2% | |
| 6 | New York | 94 | $77.0M | 7.4% | |
| 7 | Connecticut | 67 | $68.4M | 5.3% | |
| 8 | Texas | 42 | $60.3M | 3.3% | |
| 9 | Maryland | 30 | $34.6M | 2.4% | |
| 10 | Colorado | 23 | $30.0M | 1.8% | |
| 11 | Georgia | 23 | $28.7M | 1.8% | |
| 12 | North Carolina | 22 | $29.5M | 1.7% |
In Massachusetts the lender accounts for 2.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (292 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Middlesex County, MA | 51 | $21.7M | 4.0% | |
| 2 | Providence County, RI | 48 | $12.6M | 3.8% | |
| 3 | Essex County, MA | 41 | $13.4M | 3.2% | |
| 4 | Orange County, FL | 28 | $39.2M | 2.2% | |
| 5 | Kent County, RI | 28 | $7.8M | 2.2% | |
| 6 | Norfolk County, MA | 25 | $8.4M | 2.0% | |
| 7 | Suffolk County, MA | 25 | $8.0M | 2.0% | |
| 8 | Cumberland County, PA | 23 | $15.0M | 1.8% | |
| 9 | Capitol Planning Region, CT | 23 | $13.6M | 1.8% | |
| 10 | Broward County, FL | 21 | $26.5M | 1.7% | |
| 11 | Worcester County, MA | 20 | $28.9M | 1.6% | |
| 12 | Albany County, NY | 20 | $26.7M | 1.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 216 | 17.0% | |
| 2 | Retail Trade | 169 | 13.3% | |
| 3 | Construction | 144 | 11.3% | |
| 4 | Manufacturing | 135 | 10.6% | |
| 5 | Professional, Scientific, and Technical Services | 110 | 8.7% | |
| 6 | Health Care and Social Assistance | 108 | 8.5% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 96 | 7.6% | |
| 8 | Other Services (except Public Administration) | 89 | 7.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 169 | 13.3% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 65 | 5.1% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 45 | 3.5% | |
| 4 | Child Day Care ServicesNAICS 6244 | 42 | 3.3% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 40 | 3.1% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 31 | 2.4% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 26 | 2.0% | |
| 8 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 24 | 1.9% | |
| 9 | Offices of Other Health PractitionersNAICS 6213 | 24 | 1.9% | |
| 10 | Traveler AccommodationNAICS 7211 | 22 | 1.7% |
Approval sizes
- $50,000 or less10.5%133
- $50,001 to $150,00014.1%179
- $150,001 to $350,00012.8%163
- $350,001 to $1 million29.3%372
- $1 million to $2 million19.6%249
- Over $2 million13.8%175
Loan terms
- 5 years or less4.2%54
- Over 5 to 10 years61.8%786
- Over 10 to 20 years13.4%170
- Over 20 years20.5%261
Age of the businesses
- Existing, more than 2 years old41.6%529
- New business, 2 years or less18.4%234
- Startup, loan funds will open the business11.7%149
- Change of ownership28.2%359
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 755 | 59.4% | |
| 2 | SBA Express Program | 459 | 36.1% | |
| 3 | International Trade Loans | 32 | 2.5% | |
| 4 | 7a General | 20 | 1.6% | |
| 5 | Working Capital CAPLine | 3 | 0.2% | |
| 6 | Seasonal CAPLine | 1 | 0.1% |
Franchise share
140 of 1,271 approvals in FY2021–FY2025 (11.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Spenga | 5 | 0.4% | |
| 2 | Smash My Trash | 5 | 0.4% | |
| 3 | Kiddie Academy | 4 | 0.3% | |
| 4 | Taco John's | 4 | 0.3% | |
| 5 | Fastsigns | 3 | 0.2% | |
| 6 | DQ Grill & Chill Operating Agreement | 3 | 0.2% | |
| 7 | The Great Greek Mediterranean Grill | 3 | 0.2% | |
| 8 | Santucci's Original Square Pizza | 3 | 0.2% |
Questions and answers
How many SBA loans does Beacon Bank and Trust make?
SBA approved 255 7(a) loans through Beacon Bank and Trust in FY2025, worth $269M, and 1,271 over FY2021 to FY2025. That ranks 33rd of 2,184 active 7(a) lenders by number of approvals.
How large are Beacon Bank and Trust's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $630K and the average $994K. The program-wide median was $190K.
What is Beacon Bank and Trust's charge-off rate?
Of 4,015 disbursed loans approved in FY2010 to FY2021, SBA records 186 as charged off (4.6%), 3,205 as paid in full and 624 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Beacon Bank and Trust lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (169); services to buildings and dwellings (65); other amusement and recreation industries (45); child day care services (42).
Where does Beacon Bank and Trust make SBA loans?
In 43 states and territories. Massachusetts 207, Pennsylvania 178, Florida 143, New Jersey 108, Rhode Island 104. In Massachusetts it accounts for 2.7% of all 7(a) approvals.
Is Beacon Bank and Trust's SBA lending rising?
Approvals in the three latest complete fiscal years total 748, against 748 in the three before: broadly level (0%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error