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Massachusetts · Education
SBA loans for education in Massachusetts
550 loans worth $136.3M approved since FY2010 for educational services projects located in Massachusetts.
Loans
550
Approved
$136.3M
Median loan
$80,000
-47% vs sector nationally
Median rate
6.75%
Jobs supported
5,182
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 education in Massachusetts
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Granite State Economic Development Corporation | 23 | $17.2M | |
| Bay Colony Development Corporation | 16 | $10.6M | |
| Live Oak Banking Company | 5 | $10.1M | |
| New England Certified Development Corporation | 14 | $9.9M | |
| Eastern Bank | 109 | $8.9M | |
| Beacon Bank and Trust | 33 | $7.3M | |
| Rockland Trust Company | 35 | $6.5M | |
| Wells Fargo Bank | 5 | $5.2M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for education in Massachusetts since FY2010 was $80,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in Massachusetts
33,838 loans across every sector.
Education nationally
15,349 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to education businesses in Massachusetts?
- 550 SBA loans totalling $136,331,300 have been approved for educational services projects in Massachusetts since FY2010.
- Which lenders finance education in Massachusetts?
- The most active by dollars approved are Granite State Economic Development Corporation, Bay Colony Development Corporation, Live Oak Banking Company, New England Certified Development Corporation. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for education in Massachusetts?
- The median approval is $80,000, 47% below the national median for this sector ($150,000).
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