70 SBA loans worth $29.4M went to businesses in Somerville, MA between October 2021 and June 2026, from 27 lenders. Eastern Bank made the most, 14 loans. The median loan was $155,000, compared with $145,000 across Massachusetts, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Eastern Bank Bank · Boston, MA | 14 | $3.2M | $150,000 | 43% |
| 2 | Newtek Bank Bank · Miami, FL | 9 | $2.2M | $250,000 | 0% |
| 3 | Cambridge Savings Bank Bank · Cambridge, MA | 5 | $3.0M | $350,000 | 60% |
| 4 | Huntington National Bank Bank · Columbus, OH | 5 | $2.4M | $350,000 | 40% |
| 5 | Bay Colony Development Certified development company · Waltham, MA | 3 | $1.5M | $537,000 | 0% |
| 6 | Bank of America Bank · Charlotte, NC | 3 | $604K | $200,000 | 33% |
| 7 | Beacon Bank and Trust Bank · Boston, MA | 3 | $315K | $135,000 | 33% |
| 8 | TD Bank Bank · Wilmington, DE | 3 | $245K | $70,000 | 67% |
| 9 | Northeast Bank Bank · Portland, ME | 3 | $206K | $50,000 | 33% |
| 10 | Manufacturers and Traders Trust Bank · Buffalo, NY | 3 | $190K | $25,000 | 67% |
| 11 | Live Oak Banking Bank · Wilmington, NC | 2 | $4.7M | $2,342,500 | 100% |
| 12 | Santander Bank Bank · Wilmington, DE | 2 | $135K | $67,500 | 0% |
| 13 | Bancorp Bank Bank · Sioux Falls, SD | 1 | $4.3M | $4,254,900 | 100% |
| 14 | Happen Bank Bank · Lehi, UT | 1 | $1.2M | $1,232,000 | 100% |
| 15 | New England Certified Development Certified development company · Wakefield, MA | 1 | $1.2M | $1,177,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 22 | $175,000 | Newtek Bank | |
| Other services (repair, personal care) | 11 | $410,000 | Eastern Bank | |
| Retail | 7 | $150,000 | Beacon Bank and Trust | |
| Professional and technical services | 7 | $350,000 | Northeast Bank | |
| Arts, entertainment and recreation | 5 | $150,000 | Manufacturers and Traders Trust | |
| Health care and social assistance | 4 | $239,750 | Newtek Bank | |
| Manufacturing | 3 | $95,000 | Manufacturers and Traders Trust | |
| Administrative and support services | 2 | $396,500 | Huntington National Bank |