SBA lending by state
SBA Lending in Massachusetts
In Massachusetts, SBA lenders funded 13,744 7(a) and 504 loans totaling $5.6B, an average of $408K per loan. The most active lender is Granite State Economic Development Corporation, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
Funded loans
13,744
Total volume
$5.6B
Average loan size
$408K
Most active SBA lenders in Massachusetts
| Lender | Loans | Total volume |
|---|---|---|
| Granite State Economic Development Corporation | 1,414 | $883.8M |
| Bay Colony Development Corporation | 1,424 | $858.2M |
| New England Certified Development Corporation | 769 | $589.4M |
| Eastern Bank | 1,956 | $280.0M |
| Live Oak Banking Company | 193 | $257.8M |
| South Eastern Economic Development Corporation | 339 | $174.7M |
| Rockland Trust Company | 478 | $165.3M |
| TD Bank, National Association | 1,029 | $141.8M |
Top industries funded in Massachusetts
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 1,789 | $934.5M |
| Retail Trade | 1,612 | $608.1M |
| Health Care and Social Assistance | 1,288 | $576.8M |
| Construction | 2,049 | $553.0M |
| Manufacturing | 900 | $509.1M |
| Other Services | 1,441 | $476.0M |
| Professional and Technical Services | 1,404 | $431.4M |
| Arts, Entertainment, Recreation | 443 | $304.7M |
SBA lending in Massachusetts by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 244 | $116.3M |
| 2011 | 262 | $137.5M |
| 2012 | 311 | $209.6M |
| 2013 | 272 | $151.1M |
| 2014 | 215 | $128.2M |
| 2015 | 248 | $140.7M |
| 2016 | 270 | $175.9M |
| 2017 | 264 | $139.2M |
| 2018 | 270 | $171.7M |
| 2019 | 246 | $155.5M |
| 2020 | 1,407 | $447.6M |
| 2021 | 1,441 | $679.9M |
| 2022 | 1,462 | $570.9M |
| 2023 | 1,633 | $612.4M |
| 2024 | 2,140 | $697.3M |
| 2025 | 2,280 | $782.3M |
| 2026 | 779 | $293.0M |
Sources and disclaimer. Figures are computed from the
U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our
methodology. SBA Loan Index is
not affiliated with the SBA and is not a lender, broker, or financial advisor.