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SBA lenders in Chelsea, MA

SBA 7(a) and 504 loans to businesses in Chelsea (Suffolk County), October 2021 to June 30, 2026 · Updated October 15, 2026
31
SBA loans approved
$4.9M
Total approved
$150,000
Median loan
15
Lenders active
0%
To startups

31 SBA loans worth $4.9M went to businesses in Chelsea, MA between October 2021 and June 2026, from 15 lenders. Eastern Bank made the most, 10 loans. The median loan was $150,000, compared with $145,000 across Massachusetts, and construction was the most financed industry.

Most active SBA lenders in Chelsea

#LenderLoansApprovedMedian loanTo startups
1Eastern Bank
Bank · Boston, MA
10$1.1M$50,0000%
2TD Bank
Bank · Wilmington, DE
3$547K$247,4000%
3Manufacturers and Traders Trust
Bank · Buffalo, NY
3$165K$65,0000%
4Newtek Bank
Bank · Miami, FL
2$325K$162,5000%
5Santander Bank
Bank · Wilmington, DE
2$200K$100,0000%
6Needham Bank
Bank · Needham, MA
2$25K$12,5000%
7Granite State Economic Development
Certified development company · Portsmouth, NH
1$711K$711,0000%
8Bay Colony Development
Certified development company · Waltham, MA
1$407K$407,0000%
9Readycap Lending
Non-bank lender · Berkeley Heights, NJ
1$304K$303,5000%
10Lendistry SBLC
Non-bank lender · Los Angeles, CA
1$300K$300,0000%
11Leader Bank
Bank · Arlington, MA
1$200K$200,0000%
12Northeast Bank
Bank · Portland, ME
1$150K$150,0000%
13Celtic Bank
Bank · Salt Lake City, UT
1$150K$150,0000%
14JPMorgan Chase Bank
Bank · Columbus, OH
1$150K$150,0000%
15Rockland Trust
Bank · Rockland, MA
1$150K$150,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Chelsea. For 504 loans the lender shown is the certified development company.

What gets financed in Chelsea

IndustryLoansShareMedian loanMost active lender
Construction9
29%
$70,000Eastern Bank
Restaurants and hotels5
16%
$100,000Santander Bank
Retail4
13%
$82,500Needham Bank
Administrative and support services2
6%
$24,000Eastern Bank
Information and media2
6%
$50,000Eastern Bank
Manufacturing2
6%
$430,500Granite State Economic Development
Transportation and warehousing2
6%
$175,000Eastern Bank
Professional and technical services2
6%
$328,500Bay Colony Development
Loan size mix
  • Under $150,00048%
  • $150,000 to $500,00048%
  • $500,000 to $2 million3%
  • $2 million and up0%
Compared with Massachusetts
Median loan, Chelsea
$150,000
Median loan, Massachusetts
$145,000
Startup share, Chelsea
0%
Startup share, Massachusetts
27%
Share of state's SBA loans
0.4%

SBA loans per fiscal year in Chelsea

071320FY14: 2 loansFY14FY15: 8 loansFY15FY16: 12 loansFY1612FY17: 12 loansFY17FY18: 8 loansFY18FY19: 10 loansFY19FY20: 6 loansFY20FY21: 7 loansFY21FY22: 5 loansFY22FY23: 7 loansFY23FY24: 9 loansFY24FY25: 8 loansFY25FY26 (Oct to Jun): 2 loansFY262
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.