Lender · SBA 7(a) record
UniBank for Savings
MA · lends in 3 states · 370 SBA loans since 2010, 56 in the last five years.
How fast they approve. UniBank for Savings leans on SBA Express (96% of its recent 7(a) loans) more than full Preferred Lender (PLP) authority (2%). Express is fast but caps at $500,000, so a larger loan may route through the SBA's slower general review — worth asking about up front. Why approval speed comes down to the lender.
What stands out about UniBank for Savings
vs every other SBA lenderUniBank for Savings lives at the small end. Its median loan is just $30k, well under the $347k typical of SBA lenders — one of the banks genuinely willing to write small.
UniBank for Savings is franchise-heavy. 100% of its loans are franchise loans, well above the norm — a good sign if that is your deal.
Its practical minimum of $7k is lower than most lenders will go; it looks at loans others wave off as too small.
This read is built from 56 funded 7(a) loans over the last five fiscal years; outside its core states the sample thins out, so weigh the rest accordingly.
Will they talk to you?
loan sizes fundedThe spread of loan sizes tells you where this lender is comfortable. Ask for something far outside it and expect friction.
Do they fund businesses like yours?
last 5 yearsA lender who already knows your industry asks better questions and closes faster. One who doesn't will treat your file as an education.
Lends conservatively
0.77% charged off against 2.11% across all SBA lending. Clean books usually mean tight credit standards. Good rates if you fit their box, and a quick decline if you don't.
What rate people got
median markup over primeThe median borrower here paid prime + 1.80%. Compare that against what you have been quoted — the markup is the negotiable part, and most borrowers never try.
Their loans, year by year
cumulative % of dollars charged off| Approved | Yr 1 | Yr 2 | Yr 3 | Yr 4 | Yr 5 | Yr 6 | Yr 7 | Yr 8 | Yr 9 | Yr 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 0.0 | 0.0 | 0.0 | 0.0 | 1.6 | 2.1 | 2.1 | 2.1 | 3.2 | 3.2 |
| 2011 | 0.0 | 0.0 | 0.6 | 0.6 | 0.6 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 |
| 2012 | 0.0 | 0.0 | 0.0 | 0.0 | 4.8 | 4.8 | 4.8 | 4.8 | 4.8 | 4.8 |
| 2013 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 2014 | 0.0 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 |
| 2016 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · |
| 2017 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | · |
| 2018 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | · | · |
| 2019 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | · | · | · |
| 2023 | 0.0 | 0.0 | · | · | · | · | · | · | · | · |
| 2024 | 0.0 | · | · | · | · | · | · | · | · | · |
Each row is one year's lending. Read down a column to compare years at the same age — that is the only fair comparison, because losses take three to five years to appear and a fast-growing lender always looks clean on a raw average.
What this page cannot tell you
Federal records show what was approved, not how long it took, how the bank communicated, or whether your loan officer returned calls. Ask any lender directly: are you a preferred lender, how many deals like mine did you close last year, and who underwrites it.
Check your eligibility first → Decode what they say to you →
Lenders worth comparing against this one
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Common questions
What is the smallest SBA loan UniBank for Savings will make?
Its practical minimum — the 5th percentile of what it has actually funded — is about $6,875, and the typical (median) UniBank for Savings loan is $30,000. If your loan is well below its practical minimum, it is unlikely to be interested however strong your file.
What interest rate do UniBank for Savings SBA borrowers get?
On variable-rate loans, recent UniBank for Savings borrowers paid a median of prime + 1.80%. The markup over prime is the negotiable part of any SBA quote. Check a rate you have been quoted.
What states does UniBank for Savings lend in?
Most of UniBank for Savings's recent SBA lending is concentrated in Massachusetts. Compare lenders by state.