SBA Lenders in Massachusetts
Top lenders ranked by real SBA lending data. See who's most active in Massachusetts across deal count, loan size, and pricing.
What Borrowers Should Know
Massachusetts borrowers pay 65 basis points less on SBA loans than the national average (P+2.10% vs. P+2.75%), suggesting stronger competition among the state's 268 active lenders has driven pricing down. Eastern Bank alone has originated 1,283 deals—nearly 23% of all MA SBA volume—which indicates concentrated market leadership that may still leave room for competitive bids.
The average SBA deal in Massachusetts is $225,562, while total volume spans 5,503 deals across $1.24B. This suggests a healthy mix of small transactions (likely under $250k) with enough large deals to reach that volume, indicating the market serves diverse borrower sizes. However, verify whether your loan size aligns with what most lenders in your region typically handle.
Eastern Bank's dominance (1,283 deals) means it has processed roughly 1 in 4 SBA loans in Massachusetts. Before assuming it's your best option, compare terms with TD Bank (420 deals) and Rockland Trust (304 deals)—smaller volume can sometimes mean more personalized service and flexibility, especially if you don't fit Eastern Bank's standard profile.
Total SBA Loans
5,503
Active Lenders
198
Avg Deal Size
$226K
Total Volume
$1.2B
Top 10 Lenders in Massachusetts
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Eastern Bank | Bank | 1,343 | $117K | P + 1.75%GOOD | |
| 2 | TD Bank, National Association | Bank | 425 | $127K | P + 2.19%GOOD | |
| 3 | Rockland Trust Company | Bank | 405 | $245K | P + 1.50%COMPETITIVE | |
| 4 | Brookline Bank, a Division of Beacon Bank and Trust | Bank | 239 | $149K | P + 1.94%GOOD | |
| 5 | Santander Bank, National Association | Bank | 229 | $104K | P + 3.50%ABOVE AVG | |
| 6 | Bay Colony Development Corpora | CDC/504 | 180 | $560K | — | |
| 7 | St. Mary's CU | Bank | 175 | $75K | P + 0.50%COMPETITIVE | |
| 8 | Granite State Economic Develop | CDC/504 | 158 | $470K | — | |
| 9 | Citizens Bank, National Association | Bank | 122 | $134K | P + 2.74%AVERAGE | |
| 10 | Manufacturers and Traders Trust Company | Bank | 119 | $153K | P + 3.25%ABOVE AVG |
Top Industries in Massachusetts
SBA lending activity by industry segment.