Lenders › Rockland Trust Company
7(a) lenderRockland, MassachusettsFDIC-insured bank77th of 2,184 by approvals
Rockland Trust Company
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.
Rockland Trust Company (Rockland, Massachusetts) is an FDIC-insured bank in the SBA 7(a) program, 77th of 2,184 by approvals in FY2021 to FY2025: 514 loans worth $180M.
In FY2025, the latest complete fiscal year, it had 179 approvals totalling $59.6M, about level with FY2024 (172). FY2026 to 30 Jun 2026 adds 81 more.
The median approval was $200K, against $190K for the 7(a) program as a whole; 44.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 7 states and territories and 29 counties, led by Massachusetts (78.8%), New Hampshire (16.7%) and Rhode Island (2.1%). The largest industry group was retail trade at 19.8% of approvals, and 6.6% of approvals were to franchise businesses.
Of 1,314 disbursed loans approved in FY2010 to FY2021, SBA records 40 as charged off (3.0%), 1,186 as paid in full and 88 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* | 81 | $26.0M | $240K | $321K | 1,069 |
| FY2025 | 179 | $59.6M | $200K | $333K | 2,052 |
| FY2024 | 172 | $57.4M | $155K | $334K | 1,795 |
| FY2023 | 53 | $26.5M | $200K | $500K | 500 |
| FY2022 | 47 | $12.8M | $216K | $272K | 473 |
| FY2021 | 63 | $23.5M | $250K | $373K | 742 |
| FY2020 | 29 | $16.5M | $243K | $567K | 237 |
| FY2019 | 47 | $17.6M | $150K | $374K | 352 |
| FY2018 | 85 | $22.4M | $100K | $264K | 638 |
| FY2017 | 131 | $21.9M | $80K | $167K | 824 |
| FY2016 | 170 | $26.4M | $100K | $155K | 1,590 |
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 462 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 | 1,505 | 21,862 | 639,905 |
| Cancelled or never disbursed | 191 | 2,699 | 79,313 |
| Disbursed loans | 1,314 | 19,163 | 560,592 |
| Paid in full | 1,186 | 16,336 | 435,813 |
| Charged off | 40 | 1,068 | 36,891 |
| Still outstanding (status exempt from disclosure) | 88 | 1,759 | 87,888 |
| Charged off, share of disbursed loans | 3.0% | 5.6% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.9% | 2.9% | 2.5% |
| Dollars charged off | $2.4M | $94.5M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 55 | 29 | 0 | 0.0% | 2.8% |
| FY2020 | 24 | 15 | 0 | — | 4.0% |
| FY2019 | 39 | 27 | 1 | 2.6% | 6.7% |
| FY2018 | 77 | 60 | 2 | 2.6% | 7.9% |
| FY2017 | 125 | 109 | 4 | 3.2% | 7.7% |
| FY2016 | 144 | 137 | 6 | 4.2% | 7.2% |
| FY2015 | 127 | 121 | 4 | 3.1% | 6.9% |
| FY2014 | 150 | 146 | 4 | 2.7% | 6.4% |
| FY2013 | 119 | 113 | 3 | 2.5% | 6.0% |
| FY2012 | 138 | 129 | 3 | 2.2% | 6.3% |
| FY2011 | 175 | 170 | 3 | 1.7% | 6.9% |
| FY2010 | 141 | 130 | 10 | 7.1% | 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 | $200K | $190K |
| Average approval | $350K | $518K |
| Approvals of $150,000 or less | 44.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 30.2% | 34.3% |
| Approvals to franchise businesses | 6.6% | 11.5% |
| Jobs supported per approval, as reported | 10.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 3.0% | 6.6% |
States served
| # | State of the business (7 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Massachusetts | 405 | $136M | 78.8% | |
| 2 | New Hampshire | 86 | $29.9M | 16.7% | |
| 3 | Rhode Island | 11 | $5.6M | 2.1% | |
| 4 | Connecticut | 7 | $1.9M | 1.4% | |
| 5 | New York | 3 | $4.7M | 0.6% | |
| 6 | New Jersey | 1 | — | 0.2% | |
| 7 | Maine | 1 | — | 0.2% |
In Massachusetts the lender accounts for 5.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (29 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Middlesex County, MA | 109 | $29.6M | 21.2% | |
| 2 | Plymouth County, MA | 86 | $23.1M | 16.7% | |
| 3 | Norfolk County, MA | 51 | $19.6M | 9.9% | |
| 4 | Hillsborough County, NH | 49 | $16.7M | 9.5% | |
| 5 | Essex County, MA | 36 | $13.0M | 7.0% | |
| 6 | Worcester County, MA | 30 | $16.4M | 5.8% | |
| 7 | Rockingham County, NH | 27 | $11.5M | 5.3% | |
| 8 | Suffolk County, MA | 25 | $12.2M | 4.9% | |
| 9 | Barnstable County, MA | 22 | $6.9M | 4.3% | |
| 10 | Bristol County, MA | 21 | $5.0M | 4.1% | |
| 11 | Providence County, RI | 8 | $4.2M | 1.6% | |
| 12 | Hampden County, MA | 7 | $3.4M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 102 | 19.8% | |
| 2 | Construction | 87 | 16.9% | |
| 3 | Accommodation and Food Services | 71 | 13.8% | |
| 4 | Other Services (except Public Administration) | 44 | 8.6% | |
| 5 | Manufacturing | 40 | 7.8% | |
| 6 | Professional, Scientific, and Technical Services | 33 | 6.4% | |
| 7 | Transportation and Warehousing | 26 | 5.1% | |
| 8 | Arts, Entertainment, and Recreation | 26 | 5.1% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 66 | 12.8% | |
| 2 | Beer, Wine, and Liquor StoresNAICS 4453 | 34 | 6.6% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 24 | 4.7% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 24 | 4.7% | |
| 5 | Grocery StoresNAICS 4451 | 17 | 3.3% | |
| 6 | Residential Building ConstructionNAICS 2361 | 17 | 3.3% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 16 | 3.1% | |
| 8 | Specialty Food StoresNAICS 4452 | 15 | 2.9% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 15 | 2.9% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 12 | 2.3% |
Approval sizes
- $50,000 or less16.3%84
- $50,001 to $150,00027.8%143
- $150,001 to $350,00030.9%159
- $350,001 to $1 million17.7%91
- $1 million to $2 million5.3%27
- Over $2 million1.9%10
Loan terms
- 5 years or less19.6%101
- Over 5 to 10 years79.2%407
- Over 10 to 20 years1.0%5
- Over 20 years0.2%1
Age of the businesses
- Existing, more than 2 years old43.2%222
- New business, 2 years or less18.7%96
- Startup, loan funds will open the business11.5%59
- Change of ownership26.7%137
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 284 | 55.3% | |
| 2 | Preferred Lenders Program | 201 | 39.1% | |
| 3 | 7a General | 26 | 5.1% | |
| 4 | 7a with EWCP | 1 | 0.2% | |
| 5 | Contract CAPLine | 1 | 0.2% | |
| 6 | Working Capital CAPLine | 1 | 0.2% |
Franchise share
34 of 514 approvals in FY2021–FY2025 (6.6%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Meineke Car Care Center | 4 | 0.8% | |
| 2 | btone FITNESS | 4 | 0.8% | |
| 3 | Tropical Smoothie Cafe | 3 | 0.6% | |
| 4 | Fitness Together | 3 | 0.6% | |
| 5 | British Swim School | 3 | 0.6% | |
| 6 | Servpro | 2 | 0.4% | |
| 7 | Ace Hardware | 2 | 0.4% | |
| 8 | Honey Dew Donuts | 2 | 0.4% |
Questions and answers
How many SBA loans does Rockland Trust Company make?
SBA approved 179 7(a) loans through Rockland Trust Company in FY2025, worth $59.6M, and 514 over FY2021 to FY2025. That ranks 77th of 2,184 active 7(a) lenders by number of approvals.
How large are Rockland Trust Company's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $200K and the average $350K. The program-wide median was $190K.
What is Rockland Trust Company's charge-off rate?
Of 1,314 disbursed loans approved in FY2010 to FY2021, SBA records 40 as charged off (3.0%), 1,186 as paid in full and 88 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 Rockland Trust Company lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (66); beer, wine, and liquor stores (34); other amusement and recreation industries (24); building equipment contractors (24).
Where does Rockland Trust Company make SBA loans?
In 7 states and territories. Massachusetts 405, New Hampshire 86, Rhode Island 11, Connecticut 7, New York 3. In Massachusetts it accounts for 5.3% of all 7(a) approvals.
Is Rockland Trust Company's SBA lending rising?
Approvals in the three latest complete fiscal years total 404, against 139 in the three before: rising (+191%).
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