Massachusetts
Top SBA lenders in Boston
Businesses in the Boston area have received $471M across 1,552 approved SBA 7(a) & 504 loans (FY2010–present). Here are the lenders that funded the most, by real approval volume.
| # | Lender | SBA approvals in Boston | Rating |
|---|---|---|---|
| 1 | Eastern Bank | $71M | 4.3(38) |
| 2 | Beacon Bank and Trust | $28M | 5.0(8) |
| 3 | Citizens Bank, National Association | $25M | 1.4(109) |
| 4 | Rockland Trust Company | $25M | 3.0(37) |
| 5 | TD Bank, National Association | $25M | 3.0(38) |
| 6 | Santander Bank, National Association | $22M | 3.0(24) |
| 7 | Salem Five Cents Savings Bank | $22M | 4.1(33) |
| 8 | Manufacturers and Traders Trust Company | $19M | 2.6(24) |
| 9 | Webster Bank National Association | $17M | 1.5(23) |
| 10 | Leader Bank, National Association | $16M | 4.2(35) |
| 11 | Live Oak Banking Company | $15M | 3.4(145) |
| 12 | Cambridge Savings Bank | $13M | 3.7(17) |
| 13 | LendingClub Bank, National Association | $11M | 2.3(12) |
| 14 | Middlesex Savings Bank | $9M | 3.9(18) |
| 15 | Wells Fargo Bank National Association | $9M | 3.0(23) |
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present), by borrower project location. See all Massachusetts SBA lenders →
SBA lenders in Boston — common questions
Which SBA lender is most active in Boston?
Eastern Bank has approved the most SBA 7(a) & 504 funding for Boston-area businesses — $71M in total. The full ranking of the most active lenders is on this page, sourced from public SBA FOIA loan-approval records.
How much SBA funding have Boston businesses received?
Businesses in the Boston area have received $471M across 1,552 approved SBA 7(a) & 504 loans since FY2010, based on public SBA FOIA loan-approval records by borrower project location.
Do I have to use an SBA lender based in Boston?
No. SBA loans are federal, so a national or out-of-state lender can fund your Boston business — national SBA lenders like Live Oak Bank and Newtek lend in all 50 states. A local lender helps most when your deal needs site visits or local market knowledge.
How are the top Boston SBA lenders ranked?
By total gross SBA loan approvals to borrowers in the Boston area, from the U.S. SBA's public FOIA 7(a) & 504 data (FY2010–present) — real approval volume, not advertising.
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