Massachusetts · Restaurants & Hotels
SBA loans for restaurants & hotels in Massachusetts
3,835 loans worth $1.33B approved since FY2010 for accommodation and food services projects located in Massachusetts.
Loans
3,835
Approved
$1.33B
Median loan
$145,000
-52% vs sector nationally
Median rate
6.75%
Jobs supported
55,786
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.
Lenders
Who lends to restaurants & hotels in Massachusetts
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Granite State Economic Development Corporation | 252 | $197.1M | |
| Bay Colony Development Corporation | 235 | $172.6M | |
| New England Certified Development Corporation | 109 | $117.3M | |
| Eastern Bank | 550 | $86.7M | |
| Cape & Islands Community Development, Inc. | 90 | $55.7M | |
| Rockland Trust Company | 216 | $51.7M | |
| South Eastern Economic Development Corporation | 54 | $38.6M | |
| Cambridge Savings Bank | 120 | $30.8M |
Detail
Which industries inside the sector
All SBA lending in Massachusetts
33,838 loans across every sector.
Restaurants & Hotels nationally
137,471 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to restaurants & hotels businesses in Massachusetts?
- 3,835 SBA loans totalling $1,330,351,900 have been approved for accommodation and food services projects in Massachusetts since FY2010.
- Which lenders finance restaurants & hotels in Massachusetts?
- The most active by dollars approved are Granite State Economic Development Corporation, Bay Colony Development Corporation, New England Certified Development Corporation, Eastern Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for restaurants & hotels in Massachusetts?
- The median approval is $145,000, 52% below the national median for this sector ($300,000).
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