Massachusetts · Finance & Insurance
SBA loans for finance & insurance in Massachusetts
541 loans worth $158.0M approved since FY2010 for finance and insurance projects located in Massachusetts.
Loans
541
Approved
$158.0M
Median loan
$100,000
-50% vs sector nationally
Median rate
6.00%
Jobs supported
2,341
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 finance & insurance in Massachusetts
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 45 | $56.2M | |
| Eastern Bank | 155 | $10.5M | |
| Byline Bank | 11 | $10.1M | |
| Salem Five Cents Savings Bank | 17 | $7.1M | |
| New England Certified Development Corporation | 9 | $5.6M | |
| Bay Colony Development Corporation | 18 | $5.5M | |
| Granite State Economic Development Corporation | 18 | $5.3M | |
| Rockland Trust Company | 15 | $4.4M |
Detail
Which industries inside the sector
All SBA lending in Massachusetts
33,838 loans across every sector.
Finance & Insurance nationally
18,357 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to finance & insurance businesses in Massachusetts?
- 541 SBA loans totalling $158,032,800 have been approved for finance and insurance projects in Massachusetts since FY2010.
- Which lenders finance finance & insurance in Massachusetts?
- The most active by dollars approved are Live Oak Banking Company, Eastern Bank, Byline Bank, Salem Five Cents Savings Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for finance & insurance in Massachusetts?
- The median approval is $100,000, 50% below the national median for this sector ($200,000).
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.