Massachusetts small business lending in 2011 was dominated by larger, locally-based players.

In dollars lent, Rockland trust led all Massachusetts banks in U.S. Small Business Administration’s (SBA) third party 504 lending program in the 2011 fiscal year.

Using the SBA’s 504 Loan Program, Rockland financed 20 projects, totaling $14 million.

The 504 loan is a long-term, fixed-asset financing tool intended for economic development, job creation and business growth.

Over the past three years, Rockland has made 66 SBA 504 loans, totaling about $37 million. The bank was also named the SBA’s national small first mortgage lender of the year in 2010.

Eastern Bank made seven more loans than Rockland, but fell short of its dollar volume. Eastern finished the fiscal year, which ended Sept. 30, with $9.6 million in 504 loan volume.

Rounding out the top-10 504 third-party lenders for 2011 were: Citizens Bank, which made 12 loans worth $11.3 million; Enterprise Bank & Trust Co., with 11 loans with $5.5 million; TD Bank, with nine loans worth $10.9 million; Sovereign with eight loans worth $8.3 million; Middlesex Savings Bank with eight loans worth $8.2 million; Salem Five Cents Savings Bank, which made eight loans worth $4.1 million; Cape Cod Five Cents Savings Bank with eight loans, worth $3.9 million; and Century Bank & Trust Co., with seven loans worth $3.3 million.

During the 2011 fiscal year, Massachusetts’ SBA district office worked with 78 banks to make 262 SBA 504 loans worth about $183 million.

The picture is similar for the SBA’s 7(a) loan program, where Eastern dominated the market, making 342 loans totaling $24.3 million. It was followed by Sovereign, Citizens, Enterprise, Rockland, TD Bank, Middlesex Savings Bank, Harbor One Credit Union, South Shore Savings Bank and Salem Five Cents Savings Bank.