Unverified listing What this means
The Lender Report built this page from public records. Cornerstone Bank has not reviewed it. Every lender's page starts this way, and it says nothing about Cornerstone Bank itself. Each figure shows its source and date. Work at Cornerstone Bank? You can claim this page for free.
SBA 504 record
Cornerstone Bank, Spencer, MA: SBA 504 first liens made
Cornerstone Bank, Spencer, MA, a bank based in Spencer, MA, made 8 SBA 504 first liens in the 36 months ending September 30, 2026, $4M in all, net of cancelled approvals. The typical first lien was about $460K, and 4 were in the last 12 months. Most were in Massachusetts.
- Evidence
- SBA 504 loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 11, 2026
- First liens, 36 months
- 8
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $3.98M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $460K
- SBA FOIA,
- Largest loan
- $900K
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 4
- SBA FOIA,
Cite this
Source: The Lender Report, Cornerstone Bank, Spencer, MA: SBA 504 first liens made, https://lender.report/lender/cornerstone-bank-ma/sba-504/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2025 | Massachusetts | SBA 504, Full-Service Restaurants | $500K | 25 yr | SBA FOIA | ||
| Jul 2025 | Massachusetts | SBA 504, Accommodation and Food Services | $360K | 25 yr | SBA FOIA | ||
| May 2025 | Massachusetts | SBA 504, Limited-Service Restaurants | $420K | 20 yr | SBA FOIA | ||
| Dec 2024 | Massachusetts | SBA 504, Offices of Mental Health Practitioners (except Physicians) | $460K | 25 yr | SBA FOIA | ||
| Nov 2024 | Massachusetts | SBA 504, Full-Service Restaurants | $900K | 25 yr | SBA FOIA | ||
| Nov 2024 | Massachusetts | SBA 504, Child Care Services | $310K | 25 yr | SBA FOIA | ||
| Oct 2024 | Massachusetts | SBA 504, Residential Remodelers | $150K | 25 yr | SBA FOIA | ||
| May 2024 | Massachusetts | SBA 504, Transportation and Warehousing | $880K | 25 yr | SBA FOIA | ||
| 8 SBA 504 first liens since October 2023, net of cancelled | $3.98M | SBA FOIA | |||||
A blank means the source did not report it.
| State | First liens | Dollars |
|---|---|---|
| Massachusetts | 8 | $3.98M |
SBA loans are on record by state only.
| Loan size | First liens | Dollars |
|---|---|---|
| Under $150K | 0 | $0 |
| $150K to $350K | 2 | $460K |
| $350K to $1M | 6 | $3.52M |
| $1M to $2.5M | 0 | $0 |
| $2.5M or more | 0 | $0 |
| Quarter | First liens | Dollars |
|---|---|---|
| 2024 Q2 | 1 | $880K |
| 2024 Q4 | 4 | $1.82M |
| 2025 Q2 | 1 | $420K |
| 2025 Q3 | 2 | $860K |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | First liens |
|---|---|
| Full-Service Restaurants (722511) | 2 |
| Accommodation and Food Services | 1 |
| Child Care Services (624410) | 1 |
| Limited-Service Restaurants (722513) | 1 |
| Offices of Mental Health Practitioners (except Physicians) (621330) | 1 |
| Residential Remodelers (236118) | 1 |
| Transportation and Warehousing | 1 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| Accredited Lenders Program | 5 |
| ALP Express | 3 |
| Certified Development Company | Projects |
|---|---|
| Bay Colony Development Corporation | 4 |
| Worcester Business Development Corporation | 4 |
- Cornerstone Bank, Spencer, MA made 8 SBA 504 first liens totaling $4M in the 36 months ending September 30, 2026, net of cancelled approvals, in 1 state. SBA FOIA,
- The SBA file shows 4 approvals naming Cornerstone Bank, Spencer, MA as first-lien lender dated in the 12 months to September 30, 2026, and 7 in the 12 months before. Both counts leave out cancelled approvals and include approvals not yet funded, so the two periods are measured the same way. SBA FOIA,
- The typical first lien was about $460K, with the middle half between $360K and $880K. SBA FOIA,
- The largest was about $900K. Every amount is rounded to 2 significant figures. SBA FOIA,
- 0 loans were under $150K, and 0 were $1M or more. SBA FOIA,
- The median term was 25 years. SBA FOIA,
- Its loans went most often to Full-Service Restaurants, with 2. SBA FOIA,
- The SBA file lists 5 of its loans as processed under Accredited Lenders Program. SBA FOIA,
- It worked with 2 Certified Development Companies, most often Bay Colony Development Corporation. SBA FOIA,
- Its loans were most often in Massachusetts (8). SBA FOIA,
What we don't know
- Whether Cornerstone Bank, Spencer, MA is taking new SBA 504 loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
SBA 504 figures count the first-lien lender on each SBA approval. Dollars are first-lien amounts.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.