SBA 7(a) loans in Massachusetts
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
4,723loans approved
$100,000median loan
$50K–$260Kmiddle half of loans
$1.4Btotal approved
10%median initial rate
10 yrsmedian term
The median Massachusetts loan is 43% smaller than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Full-Service Restaurants (722511) | 249 | $150,000 |
| Limited-Service Restaurants (722513) | 168 | $150,000 |
| Landscaping Services (561730) | 153 | $71,600 |
| Residential Remodelers (236118) | 134 | $128,250 |
| Fitness and Recreational Sports Centers (713940) | 103 | $164,000 |
| Plumbing, Heating, and Air-Conditioning Contractors (238220) | 99 | $100,000 |
| Beauty Salons (812112) | 98 | $50,000 |
| Electrical Contractors and Other Wiring Installation Contractors (238210) | 90 | $100,000 |
| Child Day Care Services (624410) | 80 | $101,500 |
| General Automotive Repair (811111) | 80 | $100,000 |
Most active lenders in Massachusetts
| Lender | Loans | Median | Total |
|---|---|---|---|
| Eastern Bank | 934 | $75,000 | $129.2M |
| TD Bank, National Association | 556 | $50,000 | $73.4M |
| Rockland Trust Company | 351 | $184,000 | $114.8M |
| Manufacturers and Traders Trust Company | 316 | $54,500 | $39.2M |
| Salem Five Cents Savings Bank | 146 | $100,000 | $28.8M |
| Santander Bank, National Association | 134 | $100,000 | $40.8M |
| Northeast Bank | 128 | $100,000 | $17.7M |
| The Huntington National Bank | 125 | $270,000 | $60.6M |
| Newtek Bank, National Association | 123 | $200,000 | $51.0M |
| Live Oak Banking Company | 119 | $530,000 | $131.6M |
SBA 504 loans in Massachusetts
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
607504 loans approved
$539,000median CDC portion
$501.3Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in Massachusetts
| Lender | Loans | Median | Total |
|---|---|---|---|
| Bay Colony Development Corporation | 203 | $545,000 | $161.5M |
| Granite State Economic Development Corporation | 202 | $501,000 | $161.3M |
| New England Certified Development Corporation | 93 | $525,000 | $78.2M |
| Worcester Business Development Corporation | 34 | $454,000 | $24.2M |
| South Eastern Economic Development Corporation | 33 | $700,000 | $23.5M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.