Massachusetts SBA Loan Data

63,736 loans totaling $13.0B across all SBA programs.

Total Loans
63,736
1991–2025
Total Volume
$13.0B
Gross approval amount
Avg Loan Size
$203K
Median: $75K
Avg Interest Rate
7.17%
Default rate: 8.9%

Massachusetts Loan Status

Active14.4%
Paid in Full63.3%
Charged Off7.6%
Cancelled13.3%
Committed1%

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Massachusetts Annual Lending Volume

Number of Loans per Year

Top Industries

Loan Size Distribution

Top Lenders in Massachusetts

LenderLoansVolumeAvg SizeAvg RateDefault Rate
Eastern Bank9,389$903.1M$96K7.51%7.1%
Citizens Bank, National Association9,195$637.1M$69K6.60%14.2%
Rockland Trust Company3,021$531.4M$176K6.24%5.5%
TD Bank, National Association3,439$453.0M$132K9.13%9.4%
Manufacturers and Traders Trust Company2,396$445.0M$186K8.44%7.8%
Live Oak Banking Company324$405.1M$1.3M6.90%1.8%
Bank of America, National Association4,984$394.1M$79K8.07%14.0%
ROCKLAND TRUST COMPANY603$346.2M$574KN/A1.3%
Brookline Bank, a Division of Beacon Bank and Trust1,903$302.4M$159K6.08%5.7%
Santander Bank, National Association2,708$287.3M$106K8.21%9.4%
EASTERN BANK509$263.6M$518KN/A0.7%
Northeast Bank640$242.6M$379K9.42%13.6%
Readycap Lending, LLC556$223.3M$402K11.74%15.6%
Salem Five Cents Savings Bank850$210.2M$247K6.58%7.1%
Webster Bank National Association638$197.9M$310K7.25%4.9%
Wells Fargo Bank National Association356$156.6M$440K6.41%14.2%
Leader Bank, National Association671$124.1M$185K6.27%1.2%
Newtek Small Business Finance, Inc.194$104.1M$537K7.19%6.3%
Cambridge Savings Bank512$103.3M$202K6.25%5.2%
BROOKLINE BANK, A DIVISION OF BEACON BANK AND TRUST121$95.4M$788KN/A3.2%
SALEM FIVE CENTS SAVINGS BANK166$94.9M$572KN/A0.0%
Avidia Bank199$94.0M$472K6.83%6.4%
MASSACHUSETTS BUSINESS164$93.7M$571K5.80%9.9%
Middlesex Savings Bank505$91.3M$181K6.07%7.6%
Newtek Bank, National Association179$91.1M$509K11.45%0.0%

Top Counties in Massachusetts

CountyLoansVolume
Middlesex14,089$2.9B
Essex8,257$1.6B
Worcester6,610$1.6B
Norfolk7,112$1.5B
Plymouth5,674$1.2B
Suffolk6,246$1.2B
Bristol4,869$1.0B
Barnstable3,478$742.1M
Hampden3,067$591.2M
Berkshire1,947$347.3M
Hampshire1,242$197.7M
Franklin655$106.5M
Nantucket179$60.1M
Dukes229$59.3M
New Haven1$2.0M
Chatham1$1.8M
Hillsborough5$1.4M
Providence6$1.1M
Strafford1$750K
Rockingham5$480K
Los Angeles3$396K
Santa Clara1$312K
Sacramento1$300K
Wake1$280K
Kent1$150K
Showing 125 of 30

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