Needham Bank
Headquartered in NEEDHAM, MA. Analysis based on 246 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $57.7M.
Total 7(a) loans
246
Total approved
$57.7M
Average loan
$234K
States funded in
5
Charge-off rate
0.47%
FY2020–FY2023 cohort
Paid-in-full rate
25.12%
Average rate
7.17%
Average term
106 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 423140 | Motor Vehicle Parts (Used) Merchant Wholesalers | 12 |
| 722511 | Full-Service Restaurants | 10 |
| 713940 | Fitness and Recreational Sports Centers | 9 |
| 238210 | Electrical Contractors | 9 |
| 561730 | Landscaping Services | 8 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 7 |
| 541219 | Other Accounting Services | 7 |
| 624410 | Child Day Care Services | 6 |
| 541613 | Marketing Consulting Services | 6 |
| 541512 | Computer Systems Design Services | 5 |
Top 10 states
| State | Loans |
|---|---|
| MA | 209 |
| NH | 31 |
| CT | 3 |
| RI | 2 |
| FL | 1 |
Top franchise brands financed
14 franchise loans across 7 distinct brands.
| Franchise | Loans |
|---|---|
| The UPS Store (f/k/a Mail Box | 6 |
| Orange Theory Fitness | 2 |
| Rolling Suds | 2 |
| CertaPro Painters | 1 |
| Sub Zero Ice Cream & Yogurt/Su | 1 |
| 101 Mobility | 1 |
| Launch Trampoline Park | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.