For entrepreneurs and small business owners in Massachusetts seeking financial support, the landscape of SBA lending offers a diverse array of options. Let’s explore the top 10 SBA lenders in the state, shedding light on what makes each institution unique and what borrowers may find valuable:
Massachusetts Preferred SBA Lenders
| Rank | Bank | Bank HQ | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Eastern Bank | Boston, MA | 199 | $145,732 | 7.9% |
| 2 | TD Bank | Wilmington, DE | 88 | $108,060 | 9.3% |
| 3 | Webster Bank | Waterbury, CT | 50 | $298,116 | 7.0% |
| 4 | Needham Bank | Needham, MA | 47 | $115,638 | 6.6% |
| 5 | St. Mary’s CU | Marlborough, MA | 31 | $69,213 | 5.3% |
| 6 | Santander Bank | Wilmington, DE | 26 | $56,415 | 8.5% |
| 7 | Salem Five Cents Savings Bank | Salem, MA | 21 | $360,305 | 6.4% |
| 8 | Bank of America | Charlotte, NC | 18 | $413,894 | 4.3% |
| 9 | Brookline Bank | Brookline, MA | 17 | $183,612 | 7.5% |
| 10 | BayFirst National Bank | Saint Petersburg, FL | 16 | $139,875 | 8.9% |
| 11 | Northern Bank and Trust Company | Woburn, MA | 16 | $497,181 | 6.4% |
| 12 | Live Oak | Wilmington, NC | 15 | $1,607,800 | 6.3% |
| 13 | Bristol County Savings Bank | Taunton, MA | 14 | $82,157 | 6.9% |
| 14 | Rockland Trust Company | Rockland, MA | 14 | $389,000 | 5.6% |
| 15 | Webster Five Cents Savings Bank | Webster, MA | 14 | $183,721 | 4.5% |
| 16 | Citizens Bank | Providence, RI | 13 | $724,769 | 7.6% |
| 17 | Newtek Small Business Finance | Lake Success, NY | 13 | $742,600 | 8.1% |
| 18 | Readycap Lending, LLC | Berkeley Heights, NJ | 12 | $177,375 | 8.3% |
| 19 | Workers FCU | Littleton, MA | 12 | $96,733 | 6.5% |
| 20 | Avidia Bank | Hudson, MA | 11 | $659,409 | 6.1% |
| 21 | Cambridge Savings Bank | Cambridge, MA | 11 | $828,436 | 6.3% |
| 22 | BancorpSouth Bank | Tupelo, MS | 10 | $397,610 | 8.1% |
| 23 | Berkshire Bank | Pittsfield, MA | 10 | $1,066,000 | 6.8% |
| 24 | Leader Bank | Arlington, MA | 10 | $717,500 | 6.4% |
| 25 | Middlesex Savings Bank | Natick, MA | 10 | $559,260 | 5.5% |
| 26 | Enterprise Bank and Trust | Lowell, MA | 9 | $184,722 | 5.6% |
| 27 | HarborOne Bank | Brockton, MA | 9 | $146,444 | 6.9% |
| 28 | Newburyport Five Cents | Newburyport, MA | 9 | $192,256 | 7.1% |
| 29 | North Shore Bank | Peabody, MA | 9 | $355,667 | 5.9% |
| 30 | UniBank for Savings | Whitinsville, MA | 9 | $69,889 | 8.1% |
| 31 | BankFive | Fall River, MA | 8 | $134,375 | 4.9% |
| 32 | Celtic Bank | Salt Lake City, UT | 8 | $514,488 | 7.0% |
| 33 | Cornerstone Bank | Worcester, MA | 7 | $85,314 | 6.0% |
| 34 | Dean Co-Operative Bank | Franklin, MA | 7 | $103,657 | 6.6% |
| 35 | Wells Fargo | Sioux Falls, SD | 7 | $1,409,100 | 6.4% |
| 36 | BayCoast Bank | Swansea, MA | 6 | $130,183 | 6.3% |
| 37 | Dogwood State Bank | Raleigh, NC | 6 | $538,267 | 7.6% |
| 38 | KeyBank | Cleveland, OH | 6 | $840,333 | 6.3% |
| 39 | North Brookfield Savings Bank | North Brookfield, MA | 6 | $47,083 | 6.9% |
| 40 | The Huntington National Bank | Columbus, OH | 6 | $587,467 | 7.6% |
1. Eastern Bank
Eastern Bank, based in Boston, Massachusetts, takes the lead with a strong focus on local businesses. Facilitating 199 loans, Eastern Bank provides an average loan amount of $145,732 at a 7.9% interest rate. As a local institution, Eastern Bank’s commitment to the Massachusetts community is evident, making it an ideal choice for businesses seeking personalized service.
2. TD Bank
TD Bank, headquartered in Wilmington, Delaware, is a prominent national player in SBA lending for Massachusetts. With 88 loans, the bank offers an average loan amount of $108,060 at a 9.3% interest rate. TD Bank provides businesses in the state with the backing of a well-established national institution.
3. Webster Bank
Webster Bank, based in Waterbury, Connecticut, secures the third spot in Massachusetts. With 50 loans, the bank provides an average loan amount of $298,116 at a 7.0% interest rate. Webster Bank’s regional focus extends to Massachusetts, offering businesses a combination of personalized service and substantial lending support.
4. Needham Bank
Needham Bank, located in Needham, Massachusetts, specializes in catering to local businesses. With 47 loans, the bank offers an average loan amount of $115,638 at a competitive 6.6% interest rate. Needham Bank’s commitment to the local community makes it an attractive option for businesses seeking community-oriented financing.
5. St. Mary’s Credit Union (CU)
St. Mary’s Credit Union, based in Marlborough, Massachusetts, distinguishes itself as a credit union with a focus on community support. With 31 loans, the credit union provides an average loan of $69,213 at an impressively low 5.3% interest rate. St. Mary’s CU offers businesses a local, member-focused approach to lending.
6. Santander Bank
Santander Bank, headquartered in Wilmington, Delaware, is a national player with a presence in Massachusetts. With 26 loans, the bank provides an average loan amount of $56,415 at an 8.5% interest rate. Santander Bank offers businesses in the state access to a broad range of financial services.
7. Salem Five Cents Savings Bank
Salem Five Cents Savings Bank, based in Salem, Massachusetts, secures the seventh position. With 21 loans, the bank provides an average loan amount of $360,305 at a 6.4% interest rate. Salem Five Cents Savings Bank caters to businesses in Massachusetts with a focus on community support and competitive financing terms.
8. Bank of America
Bank of America, headquartered in Charlotte, North Carolina, is a national player that secures the eighth spot in Massachusetts. With 18 loans, the bank offers an average loan amount of $413,894 at an impressively low 4.3% interest rate. Bank of America provides businesses with the support of a major national institution.
9. Brookline Bank
Brookline Bank, located in Brookline, Massachusetts, takes the ninth position. With 17 loans, the bank provides an average loan amount of $183,612 at a 7.5% interest rate. Brookline Bank’s regional focus and commitment to personalized service make it an attractive option for local businesses.
10. BayFirst National Bank
BayFirst National Bank, based in Saint Petersburg, Florida, rounds up the top 10 in Massachusetts. With 16 loans, the bank offers an average loan amount of $139,875 at a relatively higher 8.9% interest rate. BayFirst National Bank provides businesses with access to a diverse range of financial services.
In conclusion, Massachusetts businesses have a rich array of SBA lenders to choose from, each with its unique strengths. Whether seeking local community support, substantial national backing, or a mix of both, these top 10 lenders cater to the diverse financial needs of businesses in the Bay State.
Top Industries for SBA loans in Massachusetts
| Rank | Industry | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Full-Service Restaurants | 43 | $476,260 | 6.8% |
| 2 | Landscaping Services | 34 | $226,574 | 7.2% |
| 3 | Limited-Service Restaurants | 31 | $302,723 | 7.0% |
| 4 | Residential Remodelers | 25 | $89,324 | 8.6% |
| 5 | Beauty Salons | 23 | $123,465 | 7.6% |
| 6 | Plumbing, Heating, and Air-Conditioning Contractors | 18 | $162,367 | 6.7% |
| 7 | New Single-Family Housing Construction (except Operative Builders) | 15 | $106,867 | 7.5% |
| 8 | Electrical Contractors | 15 | $106,800 | 7.3% |
| 9 | Janitorial Services | 13 | $302,300 | 8.2% |
| 10 | Offices of Certified Public Accountants | 12 | $273,167 | 6.2% |
| 11 | Offices of All Other Miscellaneous Health Practitioners | 12 | $255,608 | 7.1% |
| 12 | Fitness and Recreational Sports Centers | 12 | $239,983 | 7.4% |
| 13 | General Automotive Repair | 12 | $270,225 | 7.4% |
| 14 | General Freight Trucking, Local | 12 | $209,892 | 7.0% |
| 15 | Offices of Mental Health Practitioners (except Physicians) | 10 | $115,760 | 7.4% |
| 16 | Supermarkets and Other Grocery (except Convenience) Stores | 10 | $224,800 | 8.5% |
| 17 | All Other Professional, Scientific, and Technical Services | 10 | $128,230 | 7.3% |
| 18 | Offices of Lawyers | 9 | $103,333 | 7.0% |
| 19 | All Other Specialty Trade Contractors | 9 | $171,256 | 7.3% |
| 20 | Administrative Management and General Management Consulting Services | 9 | $232,889 | 7.5% |
| 21 | Child Day Care Services | 9 | $1,261,611 | 7.4% |
| 22 | Motor Vehicle Parts (Used) Merchant Wholesalers | 9 | $105,922 | 7.3% |
| 23 | Offices of Real Estate Agents and Brokers | 9 | $89,778 | 6.5% |
| 24 | Snack and Nonalcoholic Beverage Bars | 9 | $172,667 | 6.8% |
| 25 | Painting and Wall Covering Contractors | 9 | $98,556 | 8.3% |
| 26 | Commercial Screen Printing | 8 | $163,575 | 7.7% |
| 27 | Pet Care (except Veterinary) Services | 8 | $125,588 | 7.6% |
| 28 | Nail Salons | 7 | $323,657 | 7.2% |
| 29 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 7 | $131,071 | 6.7% |
| 30 | Other Personal Care Services | 7 | $790,357 | 8.2% |
| 31 | Site Preparation Contractors | 6 | $217,933 | 6.0% |
| 32 | All Other Amusement and Recreation Industries | 6 | $1,186,883 | 8.8% |
| 33 | Commercial and Institutional Building Construction | 6 | $51,333 | 6.8% |
| 34 | Other Management Consulting Services | 6 | $83,417 | 6.7% |
| 35 | Landscape Architectural Services | 5 | $113,600 | 6.4% |
| 36 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 5 | $354,820 | 5.9% |
| 37 | Masonry Contractors | 5 | $54,680 | 8.4% |
| 38 | Mobile Food Services | 5 | $52,900 | 8.1% |
| 39 | All Other Personal Services | 5 | $496,960 | 6.6% |
| 40 | Couriers | 5 | $473,200 | 6.0% |
Top SBA Loan Franchises in Massachusetts
| Rank | FranchiseName | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | Smash My Trash | 3 | $250,000 | 6.4% |
| 2 | Restoration 1 | 2 | $150,000 | 6.0% |
| 3 | Visiting Angels | 2 | $668,500 | 6.0% |
| 4 | Patrice & Associates | 2 | $150,000 | 6.3% |
| 5 | Signarama | 2 | $479,000 | 6.5% |
| 6 | Smash My Trash | 2 | $174,500 | 5.8% |
| 7 | Fastest Labs | 2 | $56,500 | 8.4% |
Top Massachusetts SBA Loan Borrowers by Jobs Supported
| Rank | Business | Location | Industry | Loan Size | Interest Rate | Jobs |
|---|---|---|---|---|---|---|
| 1 | RYDEMORE HEAVY DUTY TRUCK PART | Fitchburg, MA | Motor Vehicle Parts (Used) Merchant Wholesalers | $250K or less | 7.3% | 312 |
| 2 | MINDFUL HEALTHCARE AGENCY INC | Waltham, MA | Offices of Physicians, Mental Health Specialists | $250K or less | 9.0% | 162 |
| 3 | CARE BRIDGE HOME CARE INC. | Northborough, MA | Home Health Care Services | $1M – $2.5M | 6.3% | 160 |
| 4 | SAFIA SENIOR CARE INC. | Dover, MA | Services for the Elderly and Persons with Disabilities | $500K – $1M | 8.8% | 154 |
| 5 | BLOOMING HOME CARE LLC | Newburyport, MA | Home Health Care Services | $500K – $1M | 6.0% | 142 |
| 6 | SUN TREE EARLY EDUCATION LLC | Wellesley, MA | Child Day Care Services | $2.5M – $5M | 6.8% | 110 |
| 7 | FARMLAND LLC | Wakefield, MA | Supermarkets and Other Grocery (except Convenience) Stores | $250K – $500K | 6.5% | 100 |
| 8 | MILFORD HOSPITALITY LLC | Milford, MA | Full-Service Restaurants | $2.5M – $5M | 8.0% | 92 |
| 9 | WALRUS & CAPTAIN INC. | Marion, MA | Full-Service Restaurants | $250K or less | 8.4% | 80 |
| 10 | BB VENTURES LLC | Waltham, MA | Limited-Service Restaurants | $250K – $500K | 8.3% | 79 |
| 11 | ARZI CARE LLC | Westborough, MA | Services for the Elderly and Persons with Disabilities | $1M – $2.5M | 5.0% | 74 |
| 12 | JOE CZAJKOWSKI FARM LLC | Hadley, MA | All Other Miscellaneous Crop Farming | $250K – $500K | 4.5% | 70 |
| 13 | CARING BEES HEALTHCARE INC | Dorchester Center, MA | Home Health Care Services | $500K – $1M | 5.3% | 70 |
| 14 | OLIVER’S & PLANCK’S INC. | Yarmouth Port, MA | Full-Service Restaurants | $1M – $2.5M | 5.5% | 70 |
| 15 | FORMAGGIO HURON INC | Cambridge, MA | $2.5M – $5M | 7.0% | 69 | |
| 16 | CAMPBELL LANDSCAPE INC | West Barnstable, MA | Landscape Architectural Services | $250K or less | 6.7% | 60 |
| 17 | PRINCE ITALIAN FOODS-SAUGUS I | Saugus, MA | Full-Service Restaurants | $250K or less | 10.0% | 60 |
| 18 | RELIANCE HOSPITALITY GROUP LLC | Lawrence, MA | Full-Service Restaurants | $500K – $1M | 9.8% | 60 |
| 19 | PIONEER PACKAGING INC. | Chicopee, MA | Corrugated and Solid Fiber Box Manufacturing | $2.5M – $5M | 5.3% | 59 |
| 20 | SFE PARTNERS LLC | Woburn, MA | Administrative Management and General Management Consulting Services | $250K or less | 4.3% | 58 |
| 21 | NOVAS ENTERPRISES LLC | Newton, MA | School and Employee Bus Transportation | $500K – $1M | 6.3% | 58 |
| 22 | SALEM BARRIO LLC | Salem, MA | Full-Service Restaurants | $250K – $500K | 5.3% | 55 |
| 23 | WORCESTER BAKING LLC | Worcester, MA | Snack and Nonalcoholic Beverage Bars | $250K – $500K | 5.5% | 54 |
| 24 | COLLABORATIVE INSIGHT COUNSELI | Boston, MA | Offices of Mental Health Practitioners (except Physicians) | $250K – $500K | 4.5% | 53 |
| 25 | BARCAMI LANE INC | Westford, MA | Office Administrative Services | $500K – $1M | 5.8% | 52 |
| 26 | DP RESTAURANT GROUP LLC | Worcester, MA | Full-Service Restaurants | $250K or less | 6.4% | 50 |
| 27 | BURNS LANDSCAPE & CONSTRUCTION | Tewksbury, MA | Landscaping Services | $250K – $500K | 6.0% | 50 |
| 28 | KAYANT INC. | East Longmeadow, MA | Limited-Service Restaurants | $1M – $2.5M | 5.5% | 50 |
| 29 | ISSUES MANAGEMENT GROUP PUBLIC | Boston, MA | Public Relations Agencies | $1M – $2.5M | 5.8% | 47 |
| 30 | CHILLYBEAR INC. | Needham Heights, MA | Apparel Accessories and Other Apparel Manufacturing | $250K or less | 6.5% | 46 |
| 31 | 4295 EASTHAM CORP. | Pembroke, MA | Trusts, Estates, and Agency Accounts | $1M – $2.5M | 9.3% | 45 |
| 32 | BROWNE CONSULTING GROUP LLC | Cambridge, MA | Offices of Certified Public Accountants | $500K – $1M | 5.5% | 44 |
| 33 | SUMMER SOLUTIONS INC. | Holliston, MA | Other Computer Related Services | $1M – $2.5M | 8.1% | 44 |
| 34 | PACKAGING SPECIALTIES LLC | Newburyport, MA | Paper Bag and Coated and Treated Paper Manufacturing | $2.5M – $5M | 5.8% | 43 |
| 35 | FERRERAS COUNSELING LLC | Lawrence, MA | Offices of Mental Health Practitioners (except Physicians) | $250K – $500K | 6.5% | 41 |
| 36 | TOM & JIMMYS OF MIDDLEBORO INC | Middleboro, MA | Snack and Nonalcoholic Beverage Bars | $250K or less | 7.0% | 40 |
| 37 | DIONE BASILO-DACOSTA DBA PURE | Tyngsboro, MA | Painting and Wall Covering Contractors | $250K or less | 8.5% | 40 |
| 38 | MAID PRO NORTH OF BOSTON | Wakefield, MA | Janitorial Services | $250K or less | 8.3% | 40 |
| 39 | COASTAL ELECTRIC INC | Hanover, MA | Electrical Contractors | $250K or less | 9.5% | 40 |
| 40 | PIZZA HOUNDS LLC | West Newbury, MA | Full-Service Restaurants | $250K or less | 9.0% | 40 |
| 41 | FIRST CHOICE STAFFING SERVICES | Southwick, MA | Facilities Support Services | $250K – $500K | 9.0% | 40 |
| 42 | FRAGO RESTAURANT SB LLC | South Boston, MA | Full-Service Restaurants | $500K – $1M | 6.8% | 40 |
| 43 | SERVEDWELL SAIL LOFT LLC | South Dartmouth, MA | Full-Service Restaurants | $500K – $1M | 4.0% | 40 |
| 44 | REBELLE ARTISAN BAGELS LLC | Cambridge, MA | Limited-Service Restaurants | $250K – $500K | 5.8% | 38 |
| 45 | OXFORD STREET EDUCATION LLC | Wellesley Hills, MA | Elementary and Secondary Schools | $2.5M – $5M | 8.3% | 38 |
| 46 | THE GORDON COMPANIES INC. | Needham Heights, MA | Caterers | $2.5M – $5M | 8.0% | 38 |
| 47 | WILLIAMSON CORPORATION | Concord, MA | Instruments and Related Products Manufacturing for Measuring, Displayi | $500K – $1M | 6.5% | 37 |
| 48 | K. DASH LLC | Tewksbury, MA | Child Day Care Services | $2.5M – $5M | 7.3% | 37 |
| 49 | ALMAC’S CAPITAL II LLC | Fall River, MA | Full-Service Restaurants | $250K or less | 3.9% | 36 |
| 50 | ALDA AESTHETICS INC | Hanover, MA | Beauty Salons | $250K – $500K | 6.3% | 36 |
| 51 | TRANSOM SCOPES INC. | Westfield, MA | Surgical and Medical Instrument Manufacturing | $250K – $500K | 5.5% | 36 |
| 52 | RJ MERRELL INC. | Avon, MA | All Other Miscellaneous Fabricated Metal Product Manufacturing | $1M – $2.5M | 8.5% | 36 |
| 53 | BUILDING ESSENTIAL SKILLS TOGE | North Billerica, MA | Offices of All Other Miscellaneous Health Practitioners | $250K or less | 6.3% | 35 |
| 54 | UFOODU LLC | Brookline, MA | Limited-Service Restaurants | $250K or less | 9.3% | 32 |
| 55 | JRG ENTERPRISES INC. | Peabody, MA | Roofing Contractors | $250K – $500K | 8.0% | 32 |
| 56 | Q & T RESTAURANT LLC | Mendon, MA | Full-Service Restaurants | $250K – $500K | 6.8% | 32 |
| 57 | THE DOG RETREAT AND SPA LLC | Waltham, MA | Pet Care (except Veterinary) Services | $250K – $500K | 5.5% | 31 |
| 58 | BLUE MOON BAGEL CAF | Medfield, MA | Baked Goods Stores | $1M – $2.5M | 5.8% | 31 |
| 59 | OAK TO EMBER LLC | Gloucester, MA | Trusts, Estates, and Agency Accounts | $1M – $2.5M | 6.0% | 31 |
| 60 | SOLVUS GLOBAL LLC | Worcester, MA | $250K – $500K | 5.1% | 30 | |
| 61 | SHREE SAINNATH LLC | Cambridge, MA | Limited-Service Restaurants | $250K – $500K | 5.3% | 30 |
| 62 | STONE & COMPANY LLC | Lexington, MA | Other Accounting Services | $250K – $500K | 8.0% | 30 |
| 63 | NEW COM METAL PRODUCTS GROUP | Randolph, MA | All Other Miscellaneous Fabricated Metal Product Manufacturing | $500K – $1M | 8.0% | 30 |
| 64 | ELECTRONIC ASSEMBLIES MFG INC | Methuen, MA | Other Communication and Energy Wire Manufacturing | $1M – $2.5M | 3.2% | 30 |
| 65 | PEABODY TIPS INC. | Peabody, MA | Full-Service Restaurants | $1M – $2.5M | 4.8% | 30 |
| 66 | REALEJO 4 MA 2 INC | Mansfield, MA | Snack and Nonalcoholic Beverage Bars | $250K – $500K | 6.0% | 29 |
| 67 | GLAMOUR NAILS & SPA LLC | Brockton, MA | Nail Salons | $500K – $1M | 7.5% | 29 |
| 68 | XPRESSION PRINTS INC. | Franklin, MA | Commercial Screen Printing | $250K or less | 7.5% | 28 |
| 69 | TRU-RYDE TRANSIT LLC | West Springfield, MA | Special Needs Transportation | $250K or less | 6.5% | 28 |
| 70 | BURICK LLC | East Sandwich, MA | Interior Design Services | $1M – $2.5M | 6.8% | 28 |
| 71 | PC ACK LLC | Nantucket, MA | Janitorial Services | $1M – $2.5M | 9.0% | 28 |
| 72 | EXPRESS TIRE & AUTO SERVICE I | Watertown, MA | General Automotive Repair | $250K or less | 5.8% | 27 |
| 73 | DQR ELECTRIC INC. | Marlborough, MA | Electrical Contractors | $250K or less | 3.9% | 27 |
| 74 | ECOAUTO LLC | Tewksbury, MA | Used Car Dealers | $250K or less | 5.0% | 27 |
| 75 | RN ESTHETICS AND LASER CO. | Newburyport, MA | Offices of All Other Miscellaneous Health Practitioners | $500K – $1M | 8.0% | 26 |
| 76 | COXSWAIN MEDIA LLC | Lenox, MA | Internet Publishing and Broadcasting | $250K or less | 7.5% | 25 |
| 77 | PRIMROSE SCHOOL OF CANTON AT B | Canton, MA | All Other Miscellaneous Schools and Instruction | $250K – $500K | 4.3% | 25 |
| 78 | BROCKTON SUBS GROUP LLC | Brockton, MA | Limited-Service Restaurants | $250K – $500K | 6.8% | 25 |
| 79 | TALENT RETRIEVER LLC | North Andover, MA | Employment Placement Agencies | $500K – $1M | 7.3% | 25 |
| 80 | IRON TOWN INC. | Saugus, MA | Full-Service Restaurants | $1M – $2.5M | 6.5% | 25 |
| 81 | SERVEDWELL FISHERMEN’S PIER L | Dartmouth, MA | Full-Service Restaurants | $1M – $2.5M | 4.0% | 25 |
| 82 | SUPREME LANDSCAPE MASONRY INC | Wrentham, MA | Masonry Contractors | $250K or less | 9.8% | 24 |
| 83 | T-SCAPE INC. | Dighton, MA | Landscaping Services | $250K or less | 8.0% | 24 |
| 84 | CONGA TRANSPORTATION LLC | Salem, MA | All Other Transit and Ground Passenger Transportation | $250K or less | 7.3% | 24 |
| 85 | STONE HOUSE LANDSCAPING INC | Ashland, MA | Landscaping Services | $250K or less | 7.3% | 24 |
| 86 | OAK & LAUREL LANDSCAPE DESSIGN | Framingham, MA | Landscaping Services | $250K or less | 7.3% | 24 |
| 87 | BARNA CONTRACTORS INC | Westwood, MA | Site Preparation Contractors | $250K or less | 5.5% | 24 |
| 88 | FIFTH GEN MASONRY AND CONCRETE | Townsend, MA | $250K or less | 4.8% | 24 | |
| 89 | SYNERGY CONTRACTING INC. | Lawrence, MA | Other Building Finishing Contractors | $250K – $500K | 5.5% | 24 |
| 90 | THE BARREL AT COHASSET LLC | Cohasset, MA | Convenience Stores | $250K – $500K | 5.3% | 24 |
| 91 | CI AUTO GROUP INC. | South Yarmouth, MA | New Car Dealers | $500K – $1M | 4.8% | 24 |
| 92 | EGA ARCHITECTS P.C. | Newburyport, MA | Architectural Services | $500K – $1M | 6.3% | 24 |
| 93 | BAY STATE APPAREL INC. | Leominster, MA | Commercial Gravure Printing | $500K – $1M | 8.3% | 24 |
| 94 | NEW ENGLAND SANDBLASTING LLC | Middleboro, MA | Electroplating, Plating, Polishing, Anodizing, and Coloring | $250K – $500K | 6.3% | 23 |
| 95 | ELLA MARIE HOLDINGS LLC | Belmont, MA | Child Day Care Services | $1M – $2.5M | 7.5% | 23 |
| 96 | K & M AMUSEMENT CENTER LLC | Tewksbury, MA | All Other Amusement and Recreation Industries | $1M – $2.5M | 9.8% | 23 |
| 97 | ALISON O’DEA INC. | Natick, MA | Child Day Care Services | $250K or less | 6.0% | 22 |
| 98 | MASSACHUSETTS MEDICAL & PHYSIC | Wilmington, MA | Offices of Physical, Occupational and Speech Therapists, and Audiologi | $250K or less | 6.0% | 22 |
| 99 | VEITAS ENGINEERS INC. | Braintree, MA | Engineering Services | $250K – $500K | 6.5% | 22 |
| 100 | GET OVER IT LLC | West Boylston, MA | Fitness and Recreational Sports Centers | $250K or less | 4.8% | 21 |
Note about SBA lenders near me in Massachusetts
When it comes to top Massachusetts SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Massachusetts preferred lender list, 2) approved lenders in Massachusetts, or 3) active participants in the Massachusetts SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Massachusetts swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Massachusetts, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.
It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.