SBA Lenders Actively Funding Businesses in Massachusetts

Since 2020, 343 different SBA lenders have approved14,886 loans for businesses in Massachusetts. The table below ranks the most active by loans actually made in the state, not by advertising budget. A lender headquartered elsewhere that funds heavily in Massachusettsbeats a local name that rarely writes SBA loans.

Most active SBA lenders in Massachusetts

Lender	MA loans since 2020	Median loan	Median rate
Eastern Bank	1,905	$65K	8.74%
Granite State Economic Development Corporation	1,138	$301K	n/a
Bay Colony Development Corporation	1,120	$343K	n/a
TD Bank, National Association	918	$50K	10.55%
New England Certified Development Corporation	634	$418K	n/a
Rockland Trust Company	481	$400K	n/a
Rockland Trust Company	448	$200K	7.24%
Manufacturers and Traders Trust Company	343	$50K	10.49%
Webster Bank National Association	275	$200K	8.11%
Salem Five Cents Savings Bank	248	$130K	8.5%
Beacon Bank and Trust	222	$645K	8.25%
Live Oak Banking Company	199	$785K	8.35%
The Huntington National Bank	190	$95K	9.5%
Leader Bank, National Association	149	$200K	9.5%
Bristol County Savings Bank	142	$100K	7.95%
Newtek Bank, National Association	138	$200K	11.25%
BayFirst National Bank	134	$150K	12.25%
Northeast Bank	133	$103K	10.75%
Bank of America, National Association	122	$332K	6.5%
Readycap Lending, LLC	118	$150K	11.25%
Santander Bank, National Association	109	$70K	10.75%
Citizens Bank, National Association	90	$350K	8%
United Midwest Savings Bank National Association	85	$150K	9.75%
Celtic Bank Corporation	73	$150K	10.25%
Bank of America, National Association	45	$750K	n/a

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Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records. Loan counts reflect projects located in Massachusetts. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.