Needham Bank in the SBA file

SBA lists Needham Bank against 353 loans, approved over the span FY2017 to FY2026. Gross dollars come to $99.1 million. No average loan size is shown, and none should be worked out from the total. Every loan is 7(a), and 504 shows 0. As ever, these are holdings as SBA keeps them, and nothing here says how the bank decides on credit.

The classed loans are few

262 of the 353 loans fall outside our asset classes, so the classed part is thin. Full-service restaurant has 16, fitness center 11, limited-service restaurant 10, child care center 8, beauty salon 7 and automotive mechanical repair (car and truck) 6. Counts this low show that such loans exist in the file and nothing more. For a child care or beauty project, the study must carry the argument alone: enrolment or client demand, staffing, licensing or lease terms, and the sales needed to meet the payment.

New England, by count

Massachusetts holds 258 loans, New Hampshire 80 and Maine 8. Those three states are the whole list. A borrower in Massachusetts will find the holder well represented, one in New Hampshire a moderate presence and one in Maine very little.

A cancellation floor, and two missing figures

Needham Bank shows 17.3% of approvals cancelled over FY2017 to FY2024, which is a floor. Needham Bank has no printed ceiling and no printed charge-off rate, since Loan Analytics withholds them under its own rule. Those blanks are not zeros and no number should be guessed. A cancellation share of 17.3% says that a sizeable fraction of approvals did not go on to disburse. The file does not say why, and this page does not either. With no charge-off figure, a reader has no view of how disbursed loans performed.

What to bring to a lender

A borrower weighing this holder gets a picture of its file and its footprint. What persuades a credit reader is the project, documented: demand, cost, coverage of the payment when sales soften and an appraisal built on evidence. Those four elements make up a feasibility study, and they are the part this page cannot supply.

SBA loans held by Needham Bank

SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).

7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.

Loans approved, FY2017 to FY2026	353
Gross dollars approved	$99.1 million
SBA 7(a) loans	353
SBA 504 loans	0

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	17.3%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	262
Full-service restaurant	16
Fitness center	11
Limited-service restaurant	10
Child care center	8
Beauty salon	7
Automotive mechanical repair (car and truck)	6
Beverage manufacturing (breweries, wineries, distilleries)	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Loans by project state

State or area	Loans
Massachusetts	258
New Hampshire	80
Maine	8

States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-26483.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Needham Bank or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Needham Bank: SBA Lending Record