SBA lending by district
SBA lending in MA-03
SBA 7(a) and 504 financing in Massachusetts's 3rd district: how much was funded, by which lenders, and the 7(a) charge-off record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 2,395
- Total funded
- $675.3M
- Average loan
- $282K
- 7(a) charge-off
- 5.3%
Borrowers in Massachusetts's 3rd district took 2,395 SBA loans worth $675.3M since FY2010, averaging $282K. Of the 2,062 7(a) loans, 5.3% have charged off. See the rest of Massachusetts.
SBA funded volume by fiscal year
Top SBA lenders in MA-03
- 1. Bay Colony Development Corporation $89.1M
- 2. New England Certified Development Corporation $56.3M
- 3. Eastern Bank $55.1M
- 4. Granite State Economic Development Corporation $53.7M
- 5. Live Oak Banking Company $42.6M
- 6. Rockland Trust Company $39.5M
- 7. TD Bank, National Association $26.4M
- 8. Wells Fargo Bank National Association $19.4M
- 9. Leader Bank, National Association $16.5M
- 10. Worcester Business Development Corporation $15.0M
Method. SBA 7(a) and 504 loans the SBA recorded in MA-03,
FY2010–2026 (as of 2026-03-31). District boundaries
changed in the 2022 redistricting, so multi-year totals span boundary changes; the district is
as-recorded by the SBA. Charge-off is 7(a)-only. See the
methodology.