29 SBA loans worth $6.1M went to businesses in Ipswich, MA between October 2021 and June 2026, from 12 lenders. Beacon Bank and Trust made the most, 8 loans. The median loan was $150,000, compared with $145,000 across Massachusetts, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Beacon Bank and Trust Bank · Boston, MA | 8 | $1.1M | $125,000 | 12% |
| 2 | Eastern Bank Bank · Boston, MA | 4 | $241K | $58,850 | 0% |
| 3 | Bay Colony Development Certified development company · Waltham, MA | 3 | $1.1M | $338,000 | 0% |
| 4 | TD Bank Bank · Wilmington, DE | 3 | $275K | $100,000 | 0% |
| 5 | New England Certified Development Certified development company · Wakefield, MA | 2 | $582K | $291,000 | 50% |
| 6 | BayFirst National Bank Bank · St. Petersburg, FL | 2 | $300K | $150,000 | 0% |
| 7 | Institution for Savings In Newburyport and its Vicinity Bank · Newburyport, MA | 2 | $150K | $75,000 | 50% |
| 8 | FinWise Bank Bank · Murray, UT | 1 | $1.3M | $1,335,000 | 100% |
| 9 | Live Oak Banking Bank · Wilmington, NC | 1 | $350K | $350,000 | 100% |
| 10 | Rockland Trust Bank · Rockland, MA | 1 | $320K | $320,000 | 0% |
| 11 | TruNorth Bank Bank · Peabody, MA | 1 | $160K | $160,000 | 0% |
| 12 | Granite State Economic Development Certified development company · Portsmouth, NH | 1 | $146K | $146,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 8 | $125,000 | Beacon Bank and Trust | |
| Other services (repair, personal care) | 5 | $333,000 | Bay Colony Development | |
| Retail | 4 | $197,500 | Eastern Bank | |
| Manufacturing | 3 | $50,000 | Beacon Bank and Trust | |
| Professional and technical services | 3 | $160,000 | BayFirst National Bank | |
| Arts, entertainment and recreation | 2 | $123,000 | Eastern Bank | |
| Administrative and support services | 1 | $150,000 | TD Bank | |
| Finance and insurance | 1 | $350,000 | Live Oak Banking |