Geography · SBA lending record
SBA lenders in Massachusetts
6,053 SBA 7(a) loans in the last five years, from 203 different lenders. Here is who actually lends here.
Who lends here most
last 5 fiscal years| Lender | Loans in MA | Typical loan | Median rate |
|---|---|---|---|
| Eastern Bank | 1,200 | $75k | P+2.44 |
| TD Bank, National Association | 699 | $50k | P+3.52 |
| Rockland Trust Company | 343 | $200k | P+1.33 |
| Manufacturers and Traders Trust Company | 259 | $70k | P+3.93 |
| Salem Five Cents Savings Bank | 185 | $112k | P+2.05 |
| Beacon Bank and Trust | 167 | $150k | P+2.37 |
| Webster Bank National Association | 157 | $200k | P+2.00 |
| St. Mary's CU | 149 | $49k | P+0.61 |
| The Huntington National Bank | 145 | $308k | P+2.41 |
| Newtek Bank, National Association | 123 | $225k | P+3.44 |
Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.
What gets funded here
by industryHow big the loans are
If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.
SBA 504 lending in Massachusetts
504 FOIA recordA 504 loan pairs a bank first mortgage with a fixed-rate second through a Certified Development Company — used mostly for owner-occupied property and heavy equipment. Here is who runs 504 deals in Massachusetts, and how they have performed.
CDCs most active in Massachusetts
- Bay Colony Development Corporation — 1,449 loans
- Granite State Economic Development Corporation — 1,428 loans
- New England Certified Development Corporation — 772 loans
- South Eastern Economic Development Corporation — 329 loans
- Cape & Islands Community Development, Inc. — 207 loans
- Worcester Business Development Corporation — 131 loans
Most-financed here: Full-Service Restaurants, All Other Specialty Trade Contractors, Offices of Lawyers, Offices of Physicians.
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SBA lending in other states
States with comparable volume, plus the three largest markets.