95 SBA loans worth $20.8M went to businesses in Lynn, MA between October 2021 and June 2026, from 21 lenders. Eastern Bank made the most, 42 loans. The median loan was $99,000, compared with $145,000 across Massachusetts, and other services (repair, personal care) was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Eastern Bank Bank · Boston, MA | 42 | $2.8M | $50,000 | 14% |
| 2 | Bay Colony Development Certified development company · Waltham, MA | 14 | $5.7M | $347,000 | 0% |
| 3 | Manufacturers and Traders Trust Bank · Buffalo, NY | 6 | $650K | $75,000 | 0% |
| 4 | TD Bank Bank · Wilmington, DE | 6 | $465K | $40,000 | 17% |
| 5 | Salem Five Cents Savings Bank Bank · Salem, MA | 5 | $940K | $100,000 | 0% |
| 6 | Webster Bank Bank · Stamford, CT | 3 | $1.4M | $450,000 | 100% |
| 7 | Granite State Economic Development Certified development company · Portsmouth, NH | 2 | $876K | $438,000 | 0% |
| 8 | Beacon Bank and Trust Bank · Boston, MA | 2 | $570K | $285,000 | 0% |
| 9 | Hanscom FCU Credit union · Hanscom Air Force Base, MA | 2 | $315K | $157,500 | 50% |
| 10 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $136K | $68,250 | 100% |
| 11 | East Cambridge Savings Bank Bank · Cambridge, MA | 1 | $4.5M | $4,500,000 | 0% |
| 12 | Bank of America Bank · Charlotte, NC | 1 | $850K | $850,000 | 100% |
| 13 | First Merchants Bank Bank · Muncie, IN | 1 | $786K | $786,000 | 0% |
| 14 | TruNorth Bank Bank · Peabody, MA | 1 | $321K | $321,000 | 100% |
| 15 | Rockland Trust Bank · Rockland, MA | 1 | $112K | $112,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Other services (repair, personal care) | 18 | $50,000 | Eastern Bank | |
| Construction | 16 | $99,500 | Eastern Bank | |
| Health care and social assistance | 14 | $167,000 | Bay Colony Development | |
| Professional and technical services | 10 | $65,000 | Eastern Bank | |
| Retail | 9 | $250,000 | Eastern Bank | |
| Administrative and support services | 8 | $38,000 | Eastern Bank | |
| Restaurants and hotels | 6 | $100,000 | Webster Bank | |
| Transportation and warehousing | 4 | $199,500 | East Cambridge Savings Bank |