Rockland Trust Company
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Rockland Trust Company
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 400 | $123.8M | $310K | 9.0% |
| 445320 | Other | 224 | $123.4M | $551K | 5.1% |
| 713940 | Fitness and Recreational Sports Centers | 176 | $40.0M | $227K | 4.0% |
| 238210 | Electrical Contractors | 136 | $20.5M | $151K | 3.1% |
| 722513 | Limited-Service Restaurants | 128 | $34.5M | $270K | 2.9% |
| 811111 | General Automotive Repair | 88 | $23.6M | $268K | 2.0% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 72 | $10.5M | $146K | 1.6% |
| 445131 | Other | 72 | $41.2M | $572K | 1.6% |
| 492110 | Couriers | 64 | $53.0M | $828K | 1.4% |
| 812199 | Other Personal Care Services | 64 | $29.1M | $455K | 1.4% |
Geographic Distribution
SBA lending activity for Rockland Trust Company by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Massachusetts (MA) | 3,520 | $1.24B | 79.6% |
| New Hampshire (NH) | 712 | $249.4M | 16.1% |
| Rhode Island (RI) | 88 | $44.7M | 2.0% |
| New York (NY) | 24 | $37.4M | 0.5% |
| Connecticut (CT) | 56 | $15.3M | 1.3% |
| New Jersey (NJ) | 8 | $7.7M | 0.2% |
| Maine (ME) | 8 | $6.5M | 0.2% |
| Maryland (MD) | 8 | $4.0M | 0.2% |
Why Choose Rockland Trust Company?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 4,424 SBA loans approved, totaling $1.60B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Other, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 7.27% with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $10K to $4.3M, with an average of $363K
- ✓Nationwide Reach: Active lending in 8 states, with strong presence in MA, NH, RI
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Rockland Trust Company SBA lending
What types of businesses does Rockland Trust Company typically finance?
Rockland Trust Company specializes in SBA 7(a) lending to specific industries including full-service restaurants, other, fitness and recreational sports centers, electrical contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Rockland Trust Company's typical SBA loan terms?
Rockland Trust Company's SBA 7(a) loans typically feature an average interest rate of 7.27% and average term length of 97 months (approximately 8 years). Loan sizes range from $10K to $4.3M, with an average loan size of $363K.
Do I need a business valuation for a Rockland Trust Company SBA loan?
Yes, Rockland Trust Company typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Rockland Trust Company compare to other SBA lenders?
Rockland Trust Company has originated 4,424 SBA loans totaling $1.60B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Rockland Trust Company lend in?
Rockland Trust Company provides SBA 7(a) financing with particularly strong presence in MA, NH, RI, CT, NY. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.