SBA data · Massachusetts
SBA lending in Massachusetts
33,838 loans worth $8.84B have been approved for Massachusetts projects since FY2010 - the #19 state by SBA dollars, 1.7% of the national total.
State rank
#19
by dollars approved
Approved
$8.84B
FY2010 onward
Loans
33,838
Median loan
$100,000
-44% vs national
Median 7(a) rate
6.50%
Jobs supported
280,470
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Massachusetts
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in MA | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Granite State Economic Development Corporation | $897.9M | 1,428 | $628,798 | |
| 2 | Bay Colony Development Corporation | $877.5M | 1,449 | $605,622 | |
| 3 | Eastern Bank | $747.6M | 8,310 | $89,969 | |
| 4 | New England Certified Development Corporation | $593.2M | 772 | $768,391 | |
| 5 | Live Oak Banking Company | $438.0M | 350 | $1,251,440 | |
| 6 | Rockland Trust Company | $393.6M | 1,749 | $225,054 | |
| 7 | TD Bank | $269.1M | 2,086 | $129,020 | |
| 8 | Citizens Bank | $249.0M | 1,275 | $195,311 | |
| 9 | Beacon Bank and Trust | $235.5M | 1,272 | $185,117 | |
| 10 | Webster Bank | $199.2M | 566 | $351,886 | |
| 11 | South Eastern Economic Development Corporation | $179.5M | 356 | $504,281 | |
| 12 | Salem Five Cents Savings Bank | $169.6M | 623 | $272,308 |
By sector in Massachusetts
- Restaurants & Hotels3,835 · $1.33B
- Health Care2,872 · $947.0M
- Construction4,855 · $873.2M
- Professional Services4,165 · $804.9M
- Retail2,699 · $777.2M
- Other Services3,479 · $706.1M
- Arts & Recreation993 · $462.9M
- Wholesale1,189 · $428.3M
- Administrative & Waste2,506 · $426.9M
- Real Estate736 · $239.3M
- Manufacturing683 · $228.0M
- Transportation1,168 · $218.3M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Massachusetts. The final bar is a partial fiscal year.
Loan sizes in Massachusetts
- Under $50K26%
- $50K - $150K36%
- $150K - $350K19%
- $350K - $1M13%
- $1M - $2M4%
- Over $2M2%
SBA lending in Massachusetts: common questions
- How many SBA loans are approved in Massachusetts?
- 33,838 SBA 7(a) and 504 loans totalling $8,837,427,200 have been approved for projects in Massachusetts since fiscal year 2010, ranking it #19 among states and territories by dollars approved - 1.7% of all SBA lending nationally.
- Which lenders make the most SBA loans in Massachusetts?
- By dollars approved in Massachusetts, the most active lenders are Granite State Economic Development Corporation, Bay Colony Development Corporation, Eastern Bank, New England Certified Development Corporation, Live Oak Banking Company. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Massachusetts?
- The median gross approval in Massachusetts is $100,000, 44% below the national median of $180,000. Half of all loans in the state fall between $23,900 and $600,000.
- Do I need to use a lender based in Massachusetts?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Massachusetts, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.