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Commercial bank founded in 1870 with 177 branches across CT, MA, RI, NJ, and NY, offering comprehensive personal and business banking services under OCC supervision.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
expanding
As Of March 31, 2026
Median
$764K
Average
$1.3M
Sweet Spot
$500K-$1M
Industries with highest loan volume
Beer, Wine, and Liquor Retailers
3
loans
$558K
avg. amount
Beer, Wine, and Liquor Retailers
3
loans
$558K
avg
Child Care Services
2
loans
$193K
avg. amount
Child Care Services
2
loans
$193K
avg
Meat Retailers
1
loans
$1.3M
avg. amount
Meat Retailers
1
loans
$1.3M
avg
Other Services to Buildings and Dwellings
1
loans
$810K
avg. amount
Other Services to Buildings and Dwellings
1
loans
$810K
avg
Plumbing, Heating, and Air-Conditioning Contractors
1
loans
$4.5M
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
1
loans
$4.5M
avg
All Other Personal Services
1
loans
$2.6M
avg. amount
All Other Personal Services
1
loans
$2.6M
avg
Other Accounting Services
1
loans
$325K
avg. amount
Other Accounting Services
1
loans
$325K
avg
Exterminating and Pest Control Services
1
loans
$360K
avg. amount
Exterminating and Pest Control Services
1
loans
$360K
avg
All Other Miscellaneous Fabricated Metal Product Manufacturing
1
loans
$779K
avg. amount
All Other Miscellaneous Fabricated Metal Product Manufacturing
1
loans
$779K
avg
Fuel Dealers
1
loans
$718K
avg. amount
Fuel Dealers
1
loans
$718K
avg
10-Year Default Rate
1.4%
Percentile Ranking
86th
86th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 1.85% |
| $500K-$1M | Prime + 1.38% |
Spread over Prime at time of loan origination
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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