Lenders › UniBank for Savings
7(a) lenderWhitinsville, MassachusettsFDIC-insured bank457th of 2,184 by approvals
UniBank for Savings
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.
UniBank for Savings (Whitinsville, Massachusetts) is an FDIC-insured bank in the SBA 7(a) program, 457th of 2,184 by approvals in FY2021 to FY2025: 59 loans worth $4.0M.
In FY2025, the latest complete fiscal year, it had 2 approvals totalling —, down 92% on FY2024 (25). FY2026 to 30 Jun 2026 adds 11 more.
The median approval was $34K, against $190K for the 7(a) program as a whole; 91.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 3 states and territories and 5 counties, led by Massachusetts (91.5%), Rhode Island (5.1%) and Connecticut (3.4%). The largest industry group was construction at 22.0% of approvals, and 3.4% of approvals were to franchise businesses.
Of 315 disbursed loans approved in FY2010 to FY2021, SBA records 8 as charged off (2.5%), 289 as paid in full and 18 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* | 11 | $424K | $28K | $39K | 26 |
| FY2025 | 2 | — | — | — | 3 |
| FY2024 | 25 | $1.3M | $30K | $54K | 84 |
| FY2023 | 21 | $1.7M | $50K | $80K | 72 |
| FY2022 | 4 | $270K | $65K | $68K | 30 |
| FY2021 | 7 | $635K | $45K | $91K | 25 |
| FY2020 | 3 | $62K | $10K | $21K | 9 |
| FY2019 | 30 | $4.0M | $72K | $132K | 219 |
| FY2018 | 43 | $4.0M | $50K | $92K | 195 |
| FY2017 | 68 | $7.1M | $50K | $105K | 244 |
| FY2016 | 46 | $3.3M | $50K | $72K | 250 |
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 190 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 | 358 | 21,862 | 639,905 |
| Cancelled or never disbursed | 43 | 2,699 | 79,313 |
| Disbursed loans | 315 | 19,163 | 560,592 |
| Paid in full | 289 | 16,336 | 435,813 |
| Charged off | 8 | 1,068 | 36,891 |
| Still outstanding (status exempt from disclosure) | 18 | 1,759 | 87,888 |
| Charged off, share of disbursed loans | 2.5% | 5.6% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.9% | 2.9% | 2.5% |
| Dollars charged off | $270K | $94.5M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 6 | 5 | 0 | — | 2.8% |
| FY2020 | 2 | 1 | 0 | — | 4.0% |
| FY2019 | 29 | 24 | 0 | — | 6.7% |
| FY2018 | 36 | 31 | 0 | 0.0% | 7.9% |
| FY2017 | 62 | 58 | 0 | 0.0% | 7.7% |
| FY2016 | 40 | 40 | 0 | 0.0% | 7.2% |
| FY2015 | 16 | 16 | 0 | — | 6.9% |
| FY2014 | 29 | 28 | 1 | — | 6.4% |
| FY2013 | 26 | 26 | 0 | — | 6.0% |
| FY2012 | 27 | 25 | 1 | — | 6.3% |
| FY2011 | 20 | 16 | 3 | — | 6.9% |
| FY2010 | 22 | 19 | 3 | — | 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 | $34K | $190K |
| Average approval | $68K | $518K |
| Approvals of $150,000 or less | 91.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 18.6% | 34.3% |
| Approvals to franchise businesses | 3.4% | 11.5% |
| Jobs supported per approval, as reported | 3.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.5% | 6.6% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Massachusetts | 54 | $3.6M | 91.5% | |
| 2 | Rhode Island | 3 | $293K | 5.1% | |
| 3 | Connecticut | 2 | — | 3.4% |
In Massachusetts the lender accounts for 0.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (5 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Worcester County, MA | 43 | $2.9M | 72.9% | |
| 2 | Middlesex County, MA | 8 | $467K | 13.6% | |
| 3 | Providence County, RI | 3 | $293K | 5.1% | |
| 4 | Norfolk County, MA | 3 | $200K | 5.1% | |
| 5 | Northeastern Connecticut Planning Region, CT | 2 | — | 3.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 13 | 22.0% | |
| 2 | Administrative and Support and Waste Management and Remediation Services | 8 | 13.6% | |
| 3 | Manufacturing | 7 | 11.9% | |
| 4 | Professional, Scientific, and Technical Services | 6 | 10.2% | |
| 5 | Other Services (except Public Administration) | 5 | 8.5% | |
| 6 | Accommodation and Food Services | 4 | 6.8% | |
| 7 | Real Estate and Rental and Leasing | 4 | 6.8% | |
| 8 | Health Care and Social Assistance | 3 | 5.1% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Services to Buildings and DwellingsNAICS 5617 | 5 | 8.5% | |
| 2 | Residential Building ConstructionNAICS 2361 | 4 | 6.8% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 6.8% | |
| 4 | Building Finishing ContractorsNAICS 2383 | 3 | 5.1% | |
| 5 | Personal Care ServicesNAICS 8121 | 3 | 5.1% | |
| 6 | Other Miscellaneous ManufacturingNAICS 3399 | 3 | 5.1% | |
| 7 | Consumer Goods RentalNAICS 5322 | 3 | 5.1% | |
| 8 | Navigational, Measuring, Electromedical, and Control Instruments ManufacturingNAICS 3345 | 3 | 5.1% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 2 | 3.4% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 2 | 3.4% |
Approval sizes
- $50,000 or less66.1%39
- $50,001 to $150,00025.4%15
- $150,001 to $350,0008.5%5
Loan terms
- 5 years or less57.6%34
- Over 5 to 10 years42.4%25
Age of the businesses
- Existing, more than 2 years old81.4%48
- New business, 2 years or less18.6%11
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 58 | 98.3% | |
| 2 | Preferred Lenders Program | 1 | 1.7% |
Franchise share
2 of 59 approvals in FY2021–FY2025 (3.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Island Fin Poke | 2 | 3.4% |
Questions and answers
How many SBA loans does UniBank for Savings make?
SBA approved 2 7(a) loans through UniBank for Savings in FY2025, worth —, and 59 over FY2021 to FY2025. That ranks 457th of 2,184 active 7(a) lenders by number of approvals.
How large are UniBank for Savings's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $34K and the average $68K. The program-wide median was $190K.
What is UniBank for Savings's charge-off rate?
Of 315 disbursed loans approved in FY2010 to FY2021, SBA records 8 as charged off (2.5%), 289 as paid in full and 18 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 UniBank for Savings lend to most?
By number of approvals in FY2021 to FY2025: services to buildings and dwellings (5); residential building construction (4); restaurants and other eating places (4); building finishing contractors (3).
Where does UniBank for Savings make SBA loans?
In 3 states and territories. Massachusetts 54, Rhode Island 3, Connecticut 2. In Massachusetts it accounts for 0.7% of all 7(a) approvals.
Is UniBank for Savings's SBA lending rising?
Approvals in the three latest complete fiscal years total 48, against 14 in the three before: rising (+243%).
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