Woodstock Institute and the Partnership for Financial Equity are pleased to present Massachusetts Small Business Lending Matters: 2022 Data Edition. This continues a series of annual reports on mortgage lending as part of the Partnership for Financial Equity’s mission to analyze and disseminate data on access to loans and financial opportunity in Massachusetts.
This report is a companion to the Massachusetts Mortgage Lending Matters: 2022 Data Edition (and its corresponding Fact Book), and presents data on small business loans.
Composition of Report
The first section of the report provides the opportunity to compare the lending patterns in the Commonwealth as a whole, Gateway Cities, the areas of the Commonwealth that exclude the Gateway Cities, and the City of Boston. This section provides an analysis of the variation between geographies as well as notes changes from the 2021 data and 2022 data. The second section provides an overview of the top lenders throughout the commonwealth both for all census tracts and for the top lenders in low- to moderate-income (LMI) census tracts. The third and final section of the report is a snapshot of the Commonwealth and each individual county with a set of charts outlining:
• Percentage of Tracts, Businesses, Loans, and Loan Amounts, by income level
• Number of Loans per Business and Average Amount per Loan, by income level
• Percentage of Tracts, Businesses, Loans, and Loan Amounts, by percent minority population
• Number of Loans per Business and Average amount per Loan, by percent minority population
• Top Lenders (by Number of Loans of $100,000 or less) with the Percent of Loans, by Tract Income
• Average Loan Amount for Loans of $100,000 or Less for Top Lenders
• Top Lenders by Percent of Loans of $100,000 or Less in LMI tracts for Lenders with One percent or More Market Share in LMI Tracts
• Average Loan Amount for Loans of $100,000 or Less in LMI tracts for Lenders with One percent or More Market Share in LMI Tracts
