STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
120
2010–2026
Total Volume
$29M
Gross loan amounts
States Active
1
With recorded loans
Programs
7(a) & 504
120 total segments
Florence Bank has a strong focus on existing businesses, with 78% of their loans going to this category. This is beneficial for established companies looking to expand or refinance.
With an average 7(a) spread of P+1.65%, Florence Bank offers competitive pricing compared to the national median of P+2.75%. This could lead to lower overall borrowing costs for your loan.
The lender's growth trend shows a decline of 10% year-over-year, indicating they may be tightening their lending criteria. This could make it more challenging to secure a loan compared to previous years.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 22 504 loans, which use fixed SBA debenture rates.
States where Florence Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Specialty Trade Contractors
Construction
Agriculture & Forestry
Agriculture & Forestry
Administrative & Waste Services
Administrative & Waste Services
Management & IT Consulting
Professional Services
Hotels & Accommodation
Accommodation & Food Services
+ 7 more
All recorded SBA lending activity for Florence Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Massachusetts · Manufacturing · Under $150K | 7(a) | 12 | P+1.75% | $50K | Q1 2024 |
| Massachusetts · Arts, Entertainment & Recreation · Under $150K | 7(a) | 7 | P+1.00% | $44K | Q3 2024 |
| Massachusetts · Administrative & Waste Services · Under $150K | 7(a) | 6 | P+2.00% | $36K | Q2 2024 |
| Massachusetts · Restaurants & Food Service · Under $150K | 7(a) | 6 | P+2.63% | $72K | Q4 2016 |
| Massachusetts · Management & IT Consulting · Under $150K | 7(a) | 5 | P+2.00% | $36K | Q3 2021 |
| Massachusetts · Agriculture & Forestry · Under $150K | 7(a) | 5 | P+2.75% | $42K | Q3 2024 |
| Massachusetts · Specialty Trade Contractors · Under $150K | 7(a) | 4 | P+2.00% | $53K | Q2 2017 |
| Massachusetts · Other Health Practitioners · Under $150K | 7(a) | 3 | P+2.00% | $40K | Q3 2025 |
| Massachusetts · Specialty Trade Contractors · $150K – $350K | 7(a) | 3 | P+2.50% | $278K | Q4 2020 |
| Massachusetts · Engineering & Architecture · Under $150K | 7(a) | 3 | P+1.50% | $78K | Q1 2025 |
| Massachusetts · Auto Repair & Maintenance · Under $150K | 7(a) | 3 | P+2.00% | $53K | Q4 2021 |
| Massachusetts · Personal Care (Salons, Spas) · Under $150K | 7(a) | 3 | P+1.50% | $97K | Q3 2025 |
| Massachusetts · Transportation & Warehousing · Under $150K | 7(a) | 3 | P+2.00% | $55K | Q2 2017 |
| Massachusetts · Restaurants & Food Service · $150K – $350K | 504 | 2 | — | $199K | Q1 2021 |
| Massachusetts · Real Estate · Under $150K | 504 | 2 | — | $82K | Q2 2021 |
| Massachusetts · Education · Under $150K | 7(a) | 2 | P+2.00% | $40K | Q4 2015 |
| Massachusetts · Hotels & Accommodation · Under $150K | 7(a) | 2 | P+2.31% | $38K | Q2 2010 |
| Massachusetts · Wholesale Trade · $500K – $1M | 504 | 2 | — | $760K | Q2 2023 |
| Massachusetts · Hotels & Accommodation · $2M – $5M | 504 | 2 | — | $4.3M | Q1 2017 |
| Massachusetts · Building Construction · Under $150K | 7(a) | 2 | P+2.38% | $28K | Q1 2015 |
| Massachusetts · Sporting Goods & Hobby · $150K – $350K | 7(a) | 2 | P+1.00% | $175K | Q3 2020 |
| Massachusetts · Laundry & Dry Cleaning · $350K – $500K | 7(a) | 2 | P+-0.75% | $380K | Q3 2024 |
| Massachusetts · Other Professional Services · Under $150K | 7(a) | 2 | P+1.00% | $38K | Q4 2025 |
| Massachusetts · Other Repair & Services · Under $150K | 7(a) | 1 | P+2.00% | $50K | Q4 2023 |
| Massachusetts · General Merchandise · $150K – $350K | 7(a) | 1 | P+2.75% | $160K | Q4 2010 |
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