In fiscal years 2021–2026, 224 lenders made 8,725 SBA loans in Massachusetts, totaling $2.7 billion. The average loan was $312,304, and 28% went to startups or businesses under two years old.
By program: 3,575 7(a) loans, 5,150 SBA Express and 0 504 (counting both the CDC and partner bank on each project).
Top 10 most active SBA lenders in Massachusetts
| # | Lender | SBA loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | Eastern Bank Boston, MA | 1,597 | $153,625 | 16% | 7(a), Express |
| 2 | TD Bank, National Association Wilmington, DE | 1,004 | $136,198 | 34% | 7(a), Express |
| 3 | Rockland Trust Company Rockland, MA | 475 | $331,310 | 32% | 7(a), Express |
| 4 | Manufacturers and Traders Trust Company Buffalo, NY | 382 | $128,503 | 32% | 7(a), Express |
| 5 | Northeast Bank Lewiston, ME | 269 | $145,653 | 12% | 7(a) |
| 6 | Webster Bank National Association Waterbury, CT | 265 | $440,140 | 30% | 7(a), Express |
| 7 | Salem Five Cents Savings Bank Salem, MA | 249 | $243,580 | 10% | 7(a), Express |
| 8 | Newtek Bank, National Association Miami, FL | 219 | $474,064 | 22% | 7(a), Express |
| 9 | Beacon Bank and Trust Brookline, MA | 218 | $545,815 | 28% | 7(a), Express |
| 10 | Needham Bank Needham, MA | 198 | $190,196 | 31% | 7(a), Express |
Lenders that fund the most startups in Massachusetts
- TD Bank, National Association — 340 startup loans (34% of its loans)
- Eastern Bank — 251 startup loans (16% of its loans)
- Rockland Trust Company — 152 startup loans (32% of its loans)
- Manufacturers and Traders Trust Company — 123 startup loans (32% of its loans)
- The Huntington National Bank — 115 startup loans (59% of its loans)
SBA loans by industry in Massachusetts
- Construction1,499 loans
- Professional Services998 loans
- Retail Stores968 loans
- Restaurants & Lodging941 loans
- Personal Services & Repair867 loans
- Health Care779 loans
- Cleaning, Landscaping & Admin706 loans
- Manufacturing470 loans
- Trucking & Transportation377 loans
- Fitness & Entertainment280 loans
- Wholesale & Distribution265 loans
- Real Estate & Rental179 loans
- Education & Childcare149 loans
- Media & Technology72 loans
- Agriculture & Fishing38 loans
Related guides
Frequently asked questions
Which lenders make the most SBA loans in Massachusetts?
Based on public SBA data for fiscal years 2021–2026, the most active were Eastern Bank, TD Bank, National Association, Rockland Trust Company. Also compare their average loan size and how much they lend to startups.
How many SBA loans were made in Massachusetts?
8,725 SBA loans totaling $2.7 billion in fiscal years 2021–2026, with an average of $312,304.
Can I get an SBA loan in Massachusetts with a green card?
No. Since March 2026, all owners must be U.S. citizens or nationals for SBA 7(a) and 504 loans. CDFIs and some credit unions are good alternatives.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.