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
156
2010–2025
Total Volume
$48M
Gross loan amounts
States Active
4
With recorded loans
Programs
7(a) & 504
156 total segments
Westfield Bank has a strong focus on existing businesses, with 76% of their deals supporting established companies. This makes them a solid choice for borrowers looking to acquire or expand an existing business.
With a 26% share of 504 loans, Westfield Bank is more active in this program compared to the national average of about 18%. This indicates a robust capacity for financing real estate and larger projects, which could benefit borrowers needing such support.
Westfield Bank has shown impressive growth, increasing their SBA deal volume by 50% year-over-year. This trend suggests they are expanding their lending capabilities, making them a potentially more favorable lender for new borrowers.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 40 504 loans, which use fixed SBA debenture rates.
States where Westfield Bank has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Administrative & Waste Services
Administrative & Waste Services
Restaurants & Food Service
Accommodation & Food Services
Auto Repair & Maintenance
Other Services
Transportation & Warehousing
Transportation & Warehousing
Specialty Trade Contractors
Construction
Retail Trade
Retail Trade
Food & Beverage Stores
Retail Trade
+ 7 more
All recorded SBA lending activity for Westfield Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Massachusetts · Administrative & Waste Services · Under $150K | 7(a) | 12 | P+2.00% | $51K | Q3 2018 |
| Massachusetts · Restaurants & Food Service · Under $150K | 7(a) | 8 | P+2.13% | $41K | Q3 2017 |
| Massachusetts · Manufacturing · Under $150K | 7(a) | 8 | P+1.63% | $81K | Q2 2017 |
| Massachusetts · Auto Repair & Maintenance · Under $150K | 7(a) | 5 | P+2.00% | $75K | Q2 2018 |
| Massachusetts · Auto Repair & Maintenance · $150K – $350K | 504 | 5 | — | $251K | Q3 2020 |
| Massachusetts · Specialty Trade Contractors · Under $150K | 7(a) | 4 | P+2.50% | $25K | Q3 2015 |
| Massachusetts · Personal Care (Salons, Spas) · Under $150K | 7(a) | 4 | P+2.13% | $61K | Q4 2015 |
| Massachusetts · Building Construction · Under $150K | 7(a) | 4 | P+2.50% | $59K | Q1 2015 |
| Massachusetts · Other Professional Services · Under $150K | 7(a) | 4 | P+2.00% | $61K | Q1 2018 |
| Massachusetts · Real Estate · Under $150K | 7(a) | 3 | P+2.25% | $24K | Q2 2016 |
| Massachusetts · Manufacturing · $150K – $350K | 7(a) | 3 | P+1.75% | $217K | Q3 2017 |
| Massachusetts · Retail Trade · Under $150K | 7(a) | 3 | P+2.25% | $61K | Q3 2012 |
| Massachusetts · Accounting & Tax · Under $150K | 7(a) | 3 | P+1.00% | $38K | Q4 2013 |
| Massachusetts · Transportation & Warehousing · Under $150K | 7(a) | 3 | P+1.75% | $73K | Q2 2021 |
| Massachusetts · Management & IT Consulting · Under $150K | 7(a) | 3 | P+2.50% | $40K | Q4 2012 |
| Massachusetts · Transportation & Warehousing · $150K – $350K | 504 | 2 | — | $311K | Q1 2022 |
| Massachusetts · Physician & Dental Offices · Under $150K | 7(a) | 2 | P+2.25% | $108K | Q3 2021 |
| Connecticut · Restaurants & Food Service · Under $150K | 7(a) | 2 | P+1.75% | $90K | Q1 2021 |
| Massachusetts · Education · Under $150K | 7(a) | 2 | P+1.25% | $52K | Q2 2016 |
| Massachusetts · Education · $150K – $350K | 7(a) | 2 | P+1.75% | $200K | Q1 2016 |
| Massachusetts · Arts, Entertainment & Recreation · Under $150K | 7(a) | 2 | P+0.74% | $99K | Q3 2017 |
| Massachusetts · Retail Trade · $150K – $350K | 7(a) | 2 | P+0.62% | $233K | Q4 2016 |
| Ohio · Manufacturing · $150K – $350K | 504 | 2 | — | $272K | Q3 2022 |
| Massachusetts · Food & Beverage Stores · Under $150K | 7(a) | 2 | P+1.88% | $50K | Q3 2017 |
| Connecticut · Management & IT Consulting · Under $150K | 7(a) | 2 | P+2.63% | $29K | Q4 2011 |
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