8,763 SBA loans worth $3.2B went to Massachusetts businesses between October 2021 and June 2026, from 221 lenders. Eastern Bank made the most 7(a) loans, 1,397 or 18% of the state's total, and the ten most active lenders made 58%. The median 7(a) loan was $100,000, below the national median of $158,000. Construction was the most financed industry, at 17% of loans. Annual loan count rose 40% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Eastern Bank Bank · Boston, MA | 1,397 | $206.7M | $75,000 | 16% | Construction |
| 2 | TD Bank Bank · Wilmington, DE | 933 | $113.9M | $50,000 | 33% | Construction |
| 3 | Rockland Trust Bank · Rockland, MA | 430 | $137.5M | $195,000 | 33% | Construction |
| 4 | Manufacturers and Traders Trust Bank · Buffalo, NY | 372 | $44.3M | $51,600 | 32% | Restaurants and hotels |
| 5 | Northeast Bank Bank · Portland, ME | 269 | $39.2M | $119,700 | 12% | Construction |
| 6 | Salem Five Cents Savings Bank Bank · Salem, MA | 223 | $50.0M | $110,000 | 10% | Construction |
| 7 | Newtek Bank Bank · Miami, FL | 219 | $103.8M | $200,000 | 22% | Restaurants and hotels |
| 8 | Webster Bank Bank · Stamford, CT | 199 | $79.3M | $200,000 | 30% | Restaurants and hotels |
| 9 | Huntington National Bank Bank · Columbus, OH | 186 | $75.9M | $235,650 | 62% | Restaurants and hotels |
| 10 | Beacon Bank and Trust Bank · Boston, MA | 180 | $94.3M | $150,000 | 27% | Manufacturing |
| 11 | St. Mary's CU Credit union · Marlborough, MA | 158 | $12.1M | $49,650 | 41% | Construction |
| 12 | Needham Bank Bank · Needham, MA | 153 | $25.2M | $75,000 | 30% | Construction |
| 13 | Live Oak Banking Bank · Wilmington, NC | 144 | $188.1M | $800,000 | 27% | Health care and social assistance |
| 14 | Bank of America Bank · Charlotte, NC | 143 | $56.8M | $261,000 | 13% | Professional and technical services |
| 15 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 136 | $32.3M | $101,750 | 17% | Construction |
| 16 | BayFirst National Bank Bank · St. Petersburg, FL | 134 | $20.7M | $150,000 | 1% | Professional and technical services |
| 17 | Bristol County Savings Bank Bank · Taunton, MA | 125 | $13.5M | $65,000 | 20% | Construction |
| 18 | Leader Bank Bank · Arlington, MA | 113 | $55.0M | $200,000 | 22% | Professional and technical services |
| 19 | Santander Bank Bank · Wilmington, DE | 96 | $5.8M | $51,500 | 10% | Construction |
| 20 | Cape Cod Five Cents Savings Bank Bank · Hyannis, MA | 90 | $11.5M | $50,000 | 28% | Construction |
| 21 | Citizens Bank Bank · Providence, RI | 83 | $42.8M | $300,000 | 28% | Other services (repair, personal care) |
| 22 | Cambridge Savings Bank Bank · Cambridge, MA | 80 | $27.6M | $100,000 | 36% | Restaurants and hotels |
| 23 | Celtic Bank Bank · Salt Lake City, UT | 76 | $22.9M | $150,000 | 8% | Restaurants and hotels |
| 24 | United Midwest Savings Bank Bank · Degraff, OH | 70 | $28.3M | $150,000 | 74% | Administrative and support services |
| 25 | Webster Five Cents Savings Bank Bank · Webster, MA | 60 | $11.0M | $80,000 | 5% | Professional and technical services |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Bay Colony Development Waltham, MA | 402 | $292.6M | $488,000 |
| 2 | Granite State Economic Development Portsmouth, NH | 371 | $286.6M | $453,000 |
| 3 | New England Certified Development Wakefield, MA | 180 | $165.9M | $609,000 |
| 4 | South Eastern Economic Development Taunton, MA | 62 | $47.9M | $650,500 |
| 5 | Cape & Islands Community Development Centerville, MA | 56 | $50.8M | $567,000 |
| 6 | Worcester Business Development Worcester, MA | 53 | $32.3M | $396,000 |
| 7 | Ocean State Business Development Authority Warwick, RI | 14 | $24.0M | $688,000 |
| 8 | Business Development Corporation (BDC) South Bend, IN | 1 | $1.2M | $1,214,000 |
| 9 | SomerCor 504 Chicago, IL | 1 | $1.5M | $1,523,000 |
| 10 | Small Business Growth Springfield, IL | 1 | $2.2M | $2,250,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 1,470 | $100,000 | Eastern Bank | |
| Restaurants and hotels | 1,087 | $201,000 | Eastern Bank | |
| Professional and technical services | 928 | $110,900 | Eastern Bank | |
| Other services (repair, personal care) | 925 | $112,500 | Eastern Bank | |
| Retail | 894 | $125,000 | Eastern Bank | |
| Health care and social assistance | 823 | $155,000 | Eastern Bank | |
| Administrative and support services | 664 | $100,000 | Eastern Bank | |
| Manufacturing | 481 | $200,000 | Eastern Bank | |
| Transportation and warehousing | 363 | $82,900 | TD Bank | |
| Arts, entertainment and recreation | 315 | $245,000 | TD Bank | |
| Wholesale trade | 260 | $190,000 | Eastern Bank | |
| Real estate and rental | 178 | $150,000 | Eastern Bank |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Boston | 370 | $170.4M | $215,700 | Eastern Bank |
| Worcester | 202 | $81.1M | $150,000 | TD Bank |
| Salem | 129 | $30.6M | $75,000 | Eastern Bank |
| Lawrence | 119 | $23.1M | $75,000 | Eastern Bank |
| Beverly | 118 | $35.9M | $150,000 | Salem Five Cents Savings Bank |
| Quincy | 115 | $36.4M | $150,000 | Eastern Bank |
| Peabody | 111 | $29.8M | $100,000 | Eastern Bank |
| Plymouth | 104 | $46.0M | $153,750 | Eastern Bank |
| Methuen | 103 | $36.3M | $100,000 | Manufacturers and Traders Trust |
| Cambridge | 98 | $35.4M | $150,000 | Eastern Bank |
| Springfield | 96 | $22.9M | $90,000 | TD Bank |
| Waltham | 95 | $39.8M | $250,000 | Eastern Bank |
| Lynn | 95 | $20.8M | $99,000 | Eastern Bank |
| Brockton | 93 | $47.7M | $195,400 | Eastern Bank |
| Woburn | 91 | $36.2M | $200,000 | Eastern Bank |
108 Massachusetts cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.