SBA lending by metro area
SBA lenders in Boston, MA
Which lenders fund Boston-area businesses, how much, and how the market compares with Massachusetts: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Boston area
Ranked by SBA volume funded to businesses located in the Boston metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Granite State Economic Development Corporation | 1,433 | $793.3M | $554K | not reported |
| 2 | Eastern Bank | 7,572 | $691.9M | $91K | 5.38% |
| 3 | Bay Colony Development Corporation | 1,054 | $617.4M | $586K | not reported |
| 4 | New England Certified Development Corporation | 569 | $448.0M | $787K | not reported |
| 5 | Live Oak Banking Company | 274 | $340.4M | $1.2M | 1.82% |
| 6 | Rockland Trust Company | 1,442 | $305.6M | $212K | 1.80% |
| 7 | TD Bank, National Association | 1,683 | $224.3M | $133K | 5.41% |
| 8 | Citizens Bank, National Association | 1,114 | $188.1M | $169K | 1.97% |
| 9 | Salem Five Cents Savings Bank | 630 | $171.7M | $273K | 1.59% |
| 10 | Beacon Bank and Trust | 493 | $130.8M | $265K | 1.01% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Boston compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Boston area | $100K | 12.6% |
| Massachusetts | $100K | 12.9% |
| United States | $179K | 11.2% |
What gets funded in Boston
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 2,757 | $840.1M |
| Health Care and Social Assistance | 2,347 | $759.0M |
| Retail Trade | 2,842 | $724.1M |
| Professional and Technical Services | 3,532 | $717.6M |
| Manufacturing | 1,725 | $653.6M |
| Construction | 3,668 | $641.0M |
| Other Services | 2,792 | $580.8M |
| Arts, Entertainment, Recreation | 725 | $338.6M |
SBA lending in Boston by year
Geography, precisely
"Boston area" here means the Boston-Cambridge-Newton, MA-NH metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Essex County, MA; Middlesex County, MA; Norfolk County, MA; Plymouth County, MA; Rockingham County, NH; Strafford County, NH; Suffolk County, MA. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.