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Massachusetts · Professional Services
SBA loans for professional services in Massachusetts
4,165 loans worth $804.9M approved since FY2010 for professional, scientific, and technical services projects located in Massachusetts.
Loans
4,165
Approved
$804.9M
Median loan
$60,000
-60% vs sector nationally
Median rate
6.25%
Jobs supported
23,479
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 professional services in Massachusetts
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Eastern Bank | 1,507 | $108.9M | |
| Live Oak Banking Company | 47 | $50.4M | |
| Bay Colony Development Corporation | 122 | $49.4M | |
| Citizens Bank | 225 | $38.6M | |
| New England Certified Development Corporation | 56 | $36.3M | |
| Granite State Economic Development Corporation | 110 | $35.4M | |
| Salem Five Cents Savings Bank | 90 | $31.8M | |
| Leader Bank | 133 | $30.6M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for professional services in Massachusetts since FY2010 was $60,000. 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.
Professional Services nationally
101,046 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to professional services businesses in Massachusetts?
- 4,165 SBA loans totalling $804,899,800 have been approved for professional, scientific, and technical services projects in Massachusetts since FY2010.
- Which lenders finance professional services in Massachusetts?
- The most active by dollars approved are Eastern Bank, Live Oak Banking Company, Bay Colony Development Corporation, Citizens Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for professional services in Massachusetts?
- The median approval is $60,000, 60% below the national median for this sector ($150,000).
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