--- title: SBA 504 Lenders in Massachusetts: 100 Made Loans in 3 Years url: https://lender.report/sba-504-lenders/massachusetts/ license: https://lender.report/license/ --- SBA 504 ยท MA # SBA 504 lenders in Massachusetts 100 lenders provided the first lien on at least one SBA 504 project in Massachusetts in the 36 months ending September 30, 2026. Rockland Trust Company made the most, with 93 of the 607 on record. **Evidence** Lender provided the first lien on at least one SBA 504 project in Massachusetts in the 36 months ending September 30, 2026 **Data as of** SBA, September 30, 2026 **Page last changed** November 12, 2026 **Lenders on record** 100 SBA FOIA, Sep 30, 2026 **First liens, 36 months** 607 SBA FOIA, Sep 30, 2026 Approvals, net of cancelled **Dollars, 36 months** $671M SBA FOIA, Sep 30, 2026 **Approvals, last 12 months (funded or not)** 186 SBA FOIA, Sep 30, 2026 -18.8% from the prior 12 months Cite this Source: The Lender Report, SBA 504 lenders in Massachusetts, https://lender.report/sba-504-lenders/massachusetts/, data as of September 30, 2026. ## Describe a deal in Massachusetts See which of these lenders made loans like yours, at your size and in your place. No account and no form. [Show SBA 504 loans in Massachusetts](https://lender.report/comps/?lane=sba_504&state=MA)[On this list? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | First liens | Dollars | | --- | --- | --- | --- | --- | | [Rockland Trust Company](https://lender.report/lender/rockland-trust-ma/) [SBA 504 record](https://lender.report/lender/rockland-trust-ma/sba-504/) | Bank | Rockland, MA | 93 | $77.5M | | [Eastern Bank](https://lender.report/lender/eastern-bank-ma/) [SBA 504 record](https://lender.report/lender/eastern-bank-ma/sba-504/) | Bank | Boston, MA | 56 | $51.8M | | [Salem Five Cents Savings Bank](https://lender.report/lender/salem-five-cents-savings-bank-ma/) [SBA 504 record](https://lender.report/lender/salem-five-cents-savings-bank-ma/sba-504/) | Bank | Salem, MA | 38 | $29.0M | | [Avidia Bank](https://lender.report/lender/avidia-bank-ma/) [SBA 504 record](https://lender.report/lender/avidia-bank-ma/sba-504/) | Savings | Hudson, MA | 18 | $27.6M | | [Needham Bank](https://lender.report/lender/needham-bank-ma/) [SBA 504 record](https://lender.report/lender/needham-bank-ma/sba-504/) | Bank | Needham, MA | 16 | $11.1M | | [South Shore Bank](https://lender.report/lender/south-shore-bank-ma/) [SBA 504 record](https://lender.report/lender/south-shore-bank-ma/sba-504/) | Bank | South Weymouth, MA | 13 | $22.9M | | [Beacon Bank and Trust](https://lender.report/lender/beacon-bank-and-trust-ma/) [SBA 504 record](https://lender.report/lender/beacon-bank-and-trust-ma/sba-504/) | Bank | Boston, MA | 13 | $11.6M | | [Cornerstone Bank](https://lender.report/lender/cornerstone-bank-ma/) [SBA 504 record](https://lender.report/lender/cornerstone-bank-ma/sba-504/) | Bank | Spencer, MA | 13 | $6.42M | | [Bristol County Savings Bank](https://lender.report/lender/bristol-county-savings-bank-ma/) [SBA 504 record](https://lender.report/lender/bristol-county-savings-bank-ma/sba-504/) | Bank | Taunton, MA | 12 | $28.5M | | [Cape & Coast Bank](https://lender.report/lender/cape-and-coast-bank-ma/) [SBA 504 record](https://lender.report/lender/cape-and-coast-bank-ma/sba-504/) | Savings | Yarmouth Port, MA | 11 | $17.6M | | [Main Street Bank](https://lender.report/lender/main-street-bank-ma/) [SBA 504 record](https://lender.report/lender/main-street-bank-ma/sba-504/) | Savings | Marlborough, MA | 11 | $12.8M | | [The Cape Cod Five Cents Savings Bank](https://lender.report/lender/cape-cod-five-cents-savings-bank-ma/) [SBA 504 record](https://lender.report/lender/cape-cod-five-cents-savings-bank-ma/sba-504/) | Bank | Hyannis, MA | 11 | $8.27M | | [Webster Five Cents Savings Bank](https://lender.report/lender/webster-five-cents-savings-bank-ma/) [SBA 504 record](https://lender.report/lender/webster-five-cents-savings-bank-ma/sba-504/) | Savings | Webster, MA | 10 | $16.1M | | [North Easton Savings Bank](https://lender.report/lender/north-easton-savings-bank-ma/) [SBA 504 record](https://lender.report/lender/north-easton-savings-bank-ma/sba-504/) | Savings | South Easton, MA | 10 | $7.31M | | [Middlesex Savings Bank](https://lender.report/lender/middlesex-savings-bank-ma/) | Bank | Natick, MA | 9 | $10.2M | | [Manufacturers and Traders Trust Company](https://lender.report/lender/manufacturers-and-traders-trust-ny/) [SBA 504 record](https://lender.report/lender/manufacturers-and-traders-trust-ny/sba-504/) | Bank | Buffalo, NY | 9 | $9.05M | | [TruNorth Bank](https://lender.report/lender/trunorth-bank-ma-easthampton/) [SBA 504 record](https://lender.report/lender/trunorth-bank-ma-easthampton/sba-504/) | Bank | Easthampton, MA | 8 | $5.02M | | [BayCoast Bank](https://lender.report/lender/baycoast-bank-ma/) [SBA 504 record](https://lender.report/lender/baycoast-bank-ma/sba-504/) | Savings | Swansea, MA | 7 | $17.9M | | [Bank of America, National Association](https://lender.report/lender/bank-of-america-nc/) [SBA 504 record](https://lender.report/lender/bank-of-america-nc/sba-504/) | Bank | Charlotte, NC | 7 | $9.47M | | [Northern Bank & Trust Company](https://lender.report/lender/northern-bank-and-trust-ma/) | Bank | Woburn, MA | 7 | $8.57M | | [Leader Bank, National Association](https://lender.report/lender/leader-bank-ma/) [SBA 504 record](https://lender.report/lender/leader-bank-ma/sba-504/) | Bank | Arlington, MA | 7 | $6.67M | | [Greenfield Savings Bank](https://lender.report/lender/greenfield-savings-bank-ma/) | Savings | Greenfield, MA | 7 | $5.20M | | [Cambridge Savings Bank](https://lender.report/lender/cambridge-savings-bank-ma/) [SBA 504 record](https://lender.report/lender/cambridge-savings-bank-ma/sba-504/) | Bank | Cambridge, MA | 7 | $5.06M | | [MountainOne Bank](https://lender.report/lender/mountainone-bank-ma/) [SBA 504 record](https://lender.report/lender/mountainone-bank-ma/sba-504/) | Savings | North Adams, MA | 6 | $6.95M | | [StonehamBank](https://lender.report/lender/stonehambank/) | Non-bank | Not reported | 6 | $6.67M | SBA FOIA, Sep 30, 2026 [See all 100 SBA 504 lenders in Massachusetts in Loan Comps](https://lender.report/comps/?lane=sba_504&state=MA) Dollars are first-lien amounts on SBA 504 approvals. - Lenders recorded 607 SBA 504 first liens totaling $670.9M in Massachusetts in the 36 months ending September 30, 2026. SBA FOIA, Sep 30, 2026 - Banks and savings institutions made 538 of those, credit unions 23, and non-banks 13. SBA FOIA, Sep 30, 2026 - The five most active lenders made 36.4% of Massachusetts's SBA 504 first liens. SBA FOIA, Sep 30, 2026 - Rockland Trust Company recorded the most dollars in Massachusetts, at $77.5M. SBA FOIA, Sep 30, 2026 - 68 of these lenders are based in Massachusetts. SBA FOIA, Sep 30, 2026 - 14 lenders recorded 10 or more SBA 504 first liens in Massachusetts. SBA FOIA, Sep 30, 2026 - 33 of these first liens were made by lenders that have since merged or closed, or that the file lists under a name with no lender record here. They are counted in the totals here and appear in no lender's row. SBA FOIA, Sep 30, 2026 - The SBA file shows 186 SBA 504 approvals in Massachusetts dated in the 12 months to September 30, 2026, versus 229 in the prior 12 months. Both counts leave out cancelled approvals and include approvals not yet funded, so the two periods are measured the same way. SBA FOIA, Sep 30, 2026 - The typical SBA 504 first lien in Massachusetts was about $570K, with the middle half between $350K and $1M. SBA FOIA, Sep 30, 2026 - The median term in Massachusetts was 25 years. SBA FOIA, Sep 30, 2026 ## How this list is defined **Measure** SBA 504 first liens in Massachusetts **Period** October 2023 to September 2026 **Formula** Count, by lender, of SBA 504 projects located in Massachusetts with an approval date in the 36 months ending September 30, 2026, not cancelled, that name the lender as first-lien lender. **Order** Largest first by first liens in the 36 months, then dollars, then name. Payment is not part of the order. **As of** September 30, 2026 **Source** [SBA FOIA](https://data.sba.gov/dataset/7a-504-foia) **Data** [JSON version of this list](https://lender.report/rankings/sba-504-lenders-by-state.json) **Changelog** November 12, 2026: First published, with the data built on this date. Is your institution on this list? [Show your rank](https://lender.report/for-lenders/badge/). It carries the date and links back to this page. An SBA 504 project pairs a first-lien lender with a Certified Development Company that funds a second lien, for owner-occupied real estate and equipment. SBA 504 figures count the first-lien lender on each SBA approval. A project marked not funded is often recent and awaiting funding. Each lender is counted only where the public file places the loan. Lenders that merged or stopped filing are left out. SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site. Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. [Report a problem](https://lender.report/report/) Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.