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SBA lenders in Boston, MA

SBA 7(a) and 504 loans to businesses in Boston (Suffolk County), October 2021 to June 30, 2026 · Updated October 15, 2026
373
SBA loans approved
$171.3M
Total approved
$225,000
Median loan
63
Lenders active
25%
To startups

373 SBA loans worth $171.3M went to businesses in Boston, MA between October 2021 and June 2026, from 63 lenders. Eastern Bank made the most, 72 loans. The median loan was $225,000, compared with $145,000 across Massachusetts, and professional and technical services was the most financed industry.

Most active SBA lenders in Boston

#LenderLoansApprovedMedian loanTo startups
1Eastern Bank
Bank · Boston, MA
72$12.6M$94,00019%
2TD Bank
Bank · Wilmington, DE
28$4.7M$50,00021%
3Manufacturers and Traders Trust
Bank · Buffalo, NY
19$5.1M$200,00053%
4Webster Bank
Bank · Stamford, CT
19$3.6M$150,00021%
5Bay Colony Development
Certified development company · Waltham, MA
16$11.6M$463,50044%
6Newtek Bank
Bank · Miami, FL
15$8.2M$300,00033%
7Rockland Trust
Bank · Rockland, MA
14$8.8M$375,00036%
8Bank of America
Bank · Charlotte, NC
14$4.1M$290,0000%
9Leader Bank
Bank · Arlington, MA
12$8.5M$240,00033%
10Beacon Bank and Trust
Bank · Boston, MA
11$4.4M$300,00045%
11BayFirst National Bank
Bank · St. Petersburg, FL
11$1.7M$150,0000%
12Granite State Economic Development
Certified development company · Portsmouth, NH
10$7.3M$648,0000%
13Huntington National Bank
Bank · Columbus, OH
10$6.1M$325,00030%
14Needham Bank
Bank · Needham, MA
9$1.6M$50,0000%
15Readycap Lending
Non-bank lender · Berkeley Heights, NJ
8$1.3M$100,00012%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Boston. For 504 loans the lender shown is the certified development company.

What gets financed in Boston

IndustryLoansShareMedian loanMost active lender
Professional and technical services92
25%
$250,000Eastern Bank
Restaurants and hotels67
18%
$299,300Eastern Bank
Other services (repair, personal care)44
12%
$200,000Eastern Bank
Retail44
12%
$150,000Eastern Bank
Health care and social assistance27
7%
$275,000Eastern Bank
Arts, entertainment and recreation18
5%
$205,500Eastern Bank
Construction16
4%
$150,000Eastern Bank
Finance and insurance10
3%
$287,500Eastern Bank
Loan size mix
  • Under $150,00036%
  • $150,000 to $500,00038%
  • $500,000 to $2 million20%
  • $2 million and up5%
Compared with Massachusetts
Median loan, Boston
$225,000
Median loan, Massachusetts
$145,000
Startup share, Boston
25%
Startup share, Massachusetts
27%
Share of state's SBA loans
4.3%

SBA loans per fiscal year in Boston

067133200FY14: 105 loansFY14FY15: 132 loansFY15FY16: 140 loansFY16140FY17: 125 loansFY17FY18: 129 loansFY18FY19: 82 loansFY19FY20: 77 loansFY20FY21: 54 loansFY21FY22: 62 loansFY22FY23: 74 loansFY23FY24: 93 loansFY24FY25: 92 loansFY25FY26 (Oct to Jun): 52 loansFY2652
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.