SBA lender · 7(a) program
Eastern Bank
Eastern Bank has approved 9,701 SBA loans worth $974.3M since FY2010 - the #107 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#107
0.19% of all SBA dollars
Total approved
$974.3M
FY2010 onward
Loans
9,701
Median loan
$50,000
-72% vs national
Median rate
6.75%
+0.00 pts vs national
Charge-off rate
7.3%
6,438 resolved FY10-19 loans
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.
Reading the record
What Eastern Bank’s numbers say
Eastern Bank sits solidly inside the SBA lending field, having approved 9,701 loans for a gross total of $974.3M since fiscal 2010. Its median loan of $50,000 is well below the $180,000 national median, typical of a lender leaning on SBA Express and smaller working-capital facilities.
The median initial note rate across its 7(a) approvals is 6.75%, essentially the national median. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 7.3% were charged off, right at the national figure. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 4% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally.
Where Eastern Bank lends
| State | Loans | Share |
|---|---|---|
| Massachusetts | 8,310 | |
| New Hampshire | 680 | |
| Rhode Island | 666 | |
| Maine | 30 | |
| New York | 7 | |
| Connecticut | 5 | |
| Nevada | 1 | |
| Wyoming | 1 |
What it lends against
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.
Questions about Eastern Bank
- How many SBA loans has Eastern Bank approved?
- Eastern Bank has approved 9,701 SBA loans totalling $974,347,100 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #107 among all SBA lenders by dollars approved.
- What is the typical Eastern Bank SBA loan size?
- The median gross approval is $50,000, with the middle 80% of loans falling between $20,000 and $200,000. The national median across all SBA lenders is $180,000.
- What interest rate does Eastern Bank charge on SBA 7(a) loans?
- The median initial note rate on Eastern Bank's 7(a) approvals is 6.75%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is Eastern Bank's SBA loan charge-off rate?
- 7.3% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
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