SBA lender · 7(a) program
Webster Bank
Webster Bank has approved 2,761 SBA loans worth $908.9M since FY2010 - the #116 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#116
0.18% of all SBA dollars
Total approved
$908.9M
FY2010 onward
Loans
2,761
Median loan
$150,000
-17% vs national
Median rate
6.50%
-0.25 pts vs national
Charge-off rate
5.7%
915 resolved FY10-19 loans
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What Webster Bank’s numbers say
Webster Bank sits solidly inside the SBA lending field, having approved 2,761 loans for a gross total of $908.9M since fiscal 2010. Its median loan of $150,000 is close to the $180,000 national median.
The median initial note rate across its 7(a) approvals is 6.50%, 0.25 points below the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 5.7% were charged off, 1.9 points below the national figure of 7.6%. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 9% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally.
Where Webster Bank lends
| State | Loans | Share |
|---|---|---|
| Connecticut | 1,444 | |
| Massachusetts | 566 | |
| New York | 432 | |
| Rhode Island | 248 | |
| New Jersey | 52 | |
| New Hampshire | 9 | |
| Florida | 2 | |
| South Carolina | 2 |
What it lends against
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Questions about Webster Bank
- How many SBA loans has Webster Bank approved?
- Webster Bank has approved 2,761 SBA loans totalling $908,940,500 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #116 among all SBA lenders by dollars approved.
- What is the typical Webster Bank SBA loan size?
- The median gross approval is $150,000, with the middle 80% of loans falling between $35,000 and $720,000. The national median across all SBA lenders is $180,000.
- What interest rate does Webster Bank charge on SBA 7(a) loans?
- The median initial note rate on Webster Bank's 7(a) approvals is 6.50%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is Webster Bank's SBA loan charge-off rate?
- 5.7% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.