Massachusetts · Health Care
SBA loans for health care in Massachusetts
2,872 loans worth $947.0M approved since FY2010 for health care and social assistance projects located in Massachusetts.
Loans
2,872
Approved
$947.0M
Median loan
$106,850
-57% vs sector nationally
Median rate
6.25%
Jobs supported
36,762
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 health care in Massachusetts
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 96 | $126.0M | |
| Bay Colony Development Corporation | 185 | $96.5M | |
| Granite State Economic Development Corporation | 156 | $88.2M | |
| Eastern Bank | 687 | $57.3M | |
| New England Certified Development Corporation | 68 | $49.7M | |
| Wells Fargo Bank | 44 | $48.4M | |
| TD Bank | 122 | $37.4M | |
| Citizens Bank | 132 | $30.2M |
Detail
Which industries inside the sector
All SBA lending in Massachusetts
33,838 loans across every sector.
Health Care nationally
105,632 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to health care businesses in Massachusetts?
- 2,872 SBA loans totalling $946,996,400 have been approved for health care and social assistance projects in Massachusetts since FY2010.
- Which lenders finance health care in Massachusetts?
- The most active by dollars approved are Live Oak Banking Company, Bay Colony Development Corporation, Granite State Economic 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 health care in Massachusetts?
- The median approval is $106,850, 57% below the national median for this sector ($250,000).
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