73 SBA loans worth $21.0M went to businesses in Lowell, MA between October 2021 and June 2026, from 21 lenders. Eastern Bank made the most, 14 loans. The median loan was $111,700, compared with $145,000 across Massachusetts, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Eastern Bank Bank · Boston, MA | 14 | $971K | $37,500 | 7% |
| 2 | Rockland Trust Bank · Rockland, MA | 13 | $4.6M | $320,000 | 31% |
| 3 | TD Bank Bank · Wilmington, DE | 8 | $2.2M | $125,000 | 38% |
| 4 | Bay Colony Development Certified development company · Waltham, MA | 5 | $2.1M | $332,000 | 60% |
| 5 | Manufacturers and Traders Trust Bank · Buffalo, NY | 5 | $700K | $80,000 | 0% |
| 6 | Northeast Bank Bank · Portland, ME | 4 | $732K | $160,500 | 0% |
| 7 | Granite State Economic Development Certified development company · Portsmouth, NH | 3 | $3.4M | $289,000 | 33% |
| 8 | Huntington National Bank Bank · Columbus, OH | 3 | $699K | $324,000 | 67% |
| 9 | Salem Five Cents Savings Bank Bank · Salem, MA | 3 | $575K | $75,000 | 0% |
| 10 | Newtek Bank Bank · Miami, FL | 2 | $1.3M | $660,000 | 100% |
| 11 | Santander Bank Bank · Wilmington, DE | 2 | $185K | $92,500 | 0% |
| 12 | Align Credit Union Credit union · Lowell, MA | 2 | $166K | $82,850 | 100% |
| 13 | Hanover Community Bank Bank · Garden City Park, NY | 1 | $1.0M | $1,032,600 | 100% |
| 14 | New England Certified Development Certified development company · Wakefield, MA | 1 | $804K | $804,000 | 0% |
| 15 | Bank of America Bank · Charlotte, NC | 1 | $765K | $765,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 16 | $52,000 | Eastern Bank | |
| Construction | 12 | $235,000 | TD Bank | |
| Professional and technical services | 9 | $200,000 | Eastern Bank | |
| Administrative and support services | 7 | $200,000 | Manufacturers and Traders Trust | |
| Restaurants and hotels | 7 | $100,000 | Rockland Trust | |
| Health care and social assistance | 7 | $332,000 | Eastern Bank | |
| Other services (repair, personal care) | 6 | $160,500 | Rockland Trust | |
| Education | 3 | $61,800 | Eastern Bank |