Woburn, Massachusetts, January 4, 2023 - Northern Bank, a full-service community and business bank, has been named by the U.S. Small Business Administration (SBA) as the top lender in Massachusetts to small businesses in the accommodations industry for the second consecutive year. It also ranked first this year in SBA loans made to new businesses in the Bay State.
“Northern was built on the entrepreneurial spirit of its founders, which is why we are so proud to continue that tradition by lending to new businesses to get them up and running,” said Justin Thomas, Head of Community Lending, Vice President, Northern Bank. “And, we are very grateful for the Massachusetts District of the SBA. Because of its guidance and assistance, Northern is able to turn so many dreams into reality.”
The SBA annually issues its rankings based on the number of loans originated by banks in the SBA fiscal year, which runs from October 1 to September 30 of the following year.