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
152
2010–2025
Total Volume
$34M
Gross loan amounts
States Active
2
With recorded loans
Programs
7(a) & 504
151 total segments
Mechanics Cooperative Bank has a strong focus on existing businesses, with 76% of their deals supporting established companies. This makes them a good fit for borrowers looking to expand or refinance rather than start new ventures.
With an average 7(a) spread of P+2.11%, Mechanics Cooperative Bank offers competitive pricing compared to the national median of P+2.75%. This could lead to significant savings on interest for borrowers.
The bank has seen a -45% decline in year-over-year deal volume, which may indicate a tighter lending environment. Borrowers should be prepared for potentially stricter approval processes as the bank adjusts to this trend.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 24 504 loans, which use fixed SBA debenture rates.
States where Mechanics Cooperative Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Administrative & Waste Services
Administrative & Waste Services
Food & Beverage Stores
Retail Trade
Education
Education
Auto Repair & Maintenance
Other Services
Gas Stations
Retail Trade
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
+ 7 more
All recorded SBA lending activity for Mechanics Cooperative Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Massachusetts · Restaurants & Food Service · Under $150K | 7(a) | 14 | P+2.75% | $74K | Q3 2022 |
| Massachusetts · Specialty Trade Contractors · Under $150K | 7(a) | 12 | P+2.00% | $76K | Q4 2022 |
| Massachusetts · Administrative & Waste Services · Under $150K | 7(a) | 12 | P+2.25% | $74K | Q3 2021 |
| Massachusetts · Food & Beverage Stores · Under $150K | 7(a) | 7 | P+2.00% | $85K | Q4 2017 |
| Massachusetts · Education · Under $150K | 7(a) | 6 | P+2.50% | $71K | Q3 2014 |
| Massachusetts · Restaurants & Food Service · $150K – $350K | 7(a) | 5 | P+2.75% | $233K | Q1 2014 |
| Massachusetts · Personal Care (Salons, Spas) · Under $150K | 7(a) | 4 | P+2.25% | $53K | Q2 2024 |
| Massachusetts · Other Repair & Services · Under $150K | 7(a) | 3 | P+2.00% | $75K | Q3 2023 |
| Massachusetts · Gas Stations · $150K – $350K | 504 | 3 | — | $263K | Q4 2011 |
| Massachusetts · Other Health Practitioners · Under $150K | 7(a) | 3 | P+2.75% | $117K | Q4 2013 |
| Massachusetts · Other Professional Services · Under $150K | 7(a) | 3 | P+2.00% | $29K | Q2 2023 |
| Massachusetts · Arts, Entertainment & Recreation · Under $150K | 7(a) | 3 | P+2.00% | $50K | Q1 2025 |
| Massachusetts · Wholesale Trade · Under $150K | 7(a) | 3 | P+2.75% | $117K | Q4 2012 |
| Massachusetts · Management & IT Consulting · $150K – $350K | 7(a) | 2 | P+1.75% | $263K | Q3 2021 |
| Rhode Island · Auto Repair & Maintenance · $150K – $350K | 504 | 2 | — | $192K | Q3 2015 |
| Massachusetts · Auto Repair & Maintenance · Under $150K | 7(a) | 2 | P+1.75% | $69K | Q2 2021 |
| Massachusetts · Administrative & Waste Services · $150K – $350K | 7(a) | 2 | P+1.75% | $292K | Q3 2021 |
| Massachusetts · Specialty Trade Contractors · $150K – $350K | 7(a) | 2 | P+2.38% | $183K | Q3 2022 |
| Massachusetts · Specialty Trade Contractors · $350K – $500K | 504 | 2 | — | $429K | Q1 2022 |
| Massachusetts · Retail Trade · Under $150K | 7(a) | 2 | P+2.50% | $138K | Q3 2013 |
| Massachusetts · Transportation & Warehousing · Under $150K | 7(a) | 2 | P+2.13% | $44K | Q3 2022 |
| Massachusetts · Miscellaneous Retail · Under $150K | 7(a) | 2 | P+2.75% | $38K | Q1 2020 |
| Rhode Island · Auto Repair & Maintenance · Under $150K | 7(a) | 2 | P+3.63% | $100K | Q3 2011 |
| Massachusetts · Accounting & Tax · Under $150K | 7(a) | 2 | P+2.75% | $25K | Q1 2020 |
| Massachusetts · Restaurants & Food Service · $350K – $500K | 7(a) | 2 | P+2.75% | $447K | Q1 2022 |
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