Rockland Trust Company: SBA Lending Record

What SBA's own loan files show about Rockland Trust Company as an SBA lender, and how a lender's record bears on a feasibility study.

Daniel Smith, MAI

Rockland Trust: SBA record

917 loans for FY2017 to FY2026 stand against Rockland Trust Company. At Rockland Trust, gross dollars approved come to $296.2 million. The Rockland Trust book of 917 is SBA 7(a) business, with Rockland Trust at 0 SBA 504 loans. Rockland Trust lists Massachusetts as its state. Rockland Trust holds 917 loans now or at last record. For Rockland Trust, SBA guarantees 917. Earlier holders of the 917 do not show. Who first financed a Rockland Trust loan is not shown, nor how Rockland Trust judges a request.

Rockland Trust: class mix

The class view leaves 632 of 917 unplaced at Rockland Trust. Rockland Trust: full-service restaurant at 71, then liquor store at 47, next fitness center at 39. Also at Rockland Trust: limited-service restaurant at 25, next automotive mechanical repair at 21; gas station and truck stop at 11. Then at Rockland Trust: beauty salon at 9, then coffee shop and snack bar at 9, next beverage manufacturing at 8. Lower at Rockland Trust: medical office at 8, grocery store at 8, then life science lab at 5. 632 unplaced loans lead the Rockland Trust table, so Rockland Trust covers under half of 917 in a class comparison.

Rockland Trust by state

By state, Massachusetts leads Rockland Trust with 743 loans, then New Hampshire with 144 and Rhode Island with 15. The Rockland Trust table continues through Connecticut at 9. Use the Rockland Trust spread to see how far 917 holdings extend past Massachusetts.

Rockland Trust: cancellations

Rockland Trust cancellation floor, FY2017 to FY2024: 8.8% of 917 approvals. Our own rule withholds the Rockland Trust five-year figure. Rockland Trust's cohorts are too small. Rockland Trust ceiling: 11.2%, counting undisbursed loans as cancelled. Of Rockland Trust's 320 FY2017 to FY2021 disbursements, at least 2.2% are charged off to date. 2.2% at Rockland Trust is a floor. Open Rockland Trust loans can still be charged off.

Rockland Trust: reading the record

Rockland Trust offers borrowers facts about holdings, and 917 loans are those facts. Rockland Trust has another: the 8.8% floor. At Rockland Trust, neither fact predicts a decision. A Rockland Trust project stands on own numbers. The Rockland Trust study should pick out the 917 loans that resemble it. For Rockland Trust, it should flag the differences. Rockland Trust reads the project against 917 loans. A cancellation floor of 8.8% at Rockland Trust describes the past, not the future.

Rockland Trust: the study

With Rockland Trust in view, 917 loans frame the study, not the Rockland Trust decision. For full-service restaurant, Rockland Trust has 71 loans, the nearest comparison. Rockland Trust: the study tests sales per seat. Rockland Trust needs labour cost tested too. Show Rockland Trust coverage in a slow year too. Rockland Trust needs an appraisal that supports it. Rockland Trust offers just 632 unplaced loans for an unnamed type. Rockland Trust's study makes the case. Rockland Trust holds 743 loans in Massachusetts. Elsewhere, Rockland Trust holdings need a reason. The Rockland Trust floor of 8.8% is a warning. The Rockland Trust study should allow for delay.

SBA loans held by Rockland Trust Company

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	917
Gross dollars approved	$296.2 million
SBA 7(a) loans	917
SBA 504 loans	0

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	8.8%
The same, counting loans still undisbursed as cancelled (a ceiling)	11.2%
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	2.2%
Charged off within five years of approval	withheld
Loans in that cohort	320

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	632
Full-service restaurant	71
Liquor store	47
Fitness center	39
Limited-service restaurant	25
Automotive mechanical repair (car and truck)	21
Gas station and truck stop	11
Beauty salon	9
Coffee shop and snack bar	9
Beverage manufacturing (breweries, wineries, distilleries)	8
Medical office (physicians)	8
Grocery store	8
Life science lab (research and development)	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	743
New Hampshire	144
Rhode Island	15
Connecticut	9

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-9712.

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 Rockland Trust Company or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

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