SBA lender profile
Eastern Bank
Eastern Bank appears in the public SBA loan data with 2,270 funded 7(a) loans totaling $347.4M, an average of $153K per loan, and an estimated 15,418 jobs supported. Its SBA lending concentrates in Massachusetts and the Construction sector. Across all of its loans in the data, its charge-off rate is 2.4%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
2,270
Total volume
$347.4M
Average loan size
$153K
Charge-off rate
2.4%
Share of funded loans charged off
Jobs supported (reported)
15,418
Programs
7(a)
Bank profile
via FDIC- Total assets
- $30.6B
- Headquarters
- Boston, MA
- FDIC cert
- #32773
- Status
- Active
Where Eastern Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Massachusetts | 1,956 | $280.0M |
| Rhode Island | 129 | $38.8M |
| New Hampshire | 177 | $26.9M |
| Maine | 6 | $1.5M |
| Florida | 1 | $260K |
| Wyoming | 1 | $50K |
What Eastern Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 419 | $66.9M |
| Accommodation and Food Services | 197 | $39.8M |
| Retail Trade | 289 | $38.8M |
| Professional and Technical Services | 313 | $38.6M |
| Other Services | 253 | $31.9M |
| Manufacturing | 93 | $24.4M |
Eastern Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 522 | $53.1M |
| 2021 | 261 | $57.8M |
| 2022 | 299 | $47.2M |
| 2023 | 279 | $52.0M |
| 2024 | 381 | $54.0M |
| 2025 | 380 | $67.6M |
| 2026 | 148 | $15.7M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Eastern Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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