SBA by industry · MA
SBA lenders for hotels and motels in Massachusetts
15 lenders made 30 SBA loans to hotels and motels in Massachusetts in the 36 months ending September 30, 2026. Newtek Bank, National Association made the most, with 5. The typical loan was about $1M.
- Evidence
- SBA 7(a) and 504 loans to hotels and motels in Massachusetts, NAICS 7211
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 15
- SBA FOIA,
- SBA loans, 36 months
- 30
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $43.8M
- SBA FOIA,
- Last 12 months
- 7
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for hotels and motels in Massachusetts, https://lender.report/sba-lenders-for/hotels/massachusetts/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 5 | $1.65M | 5 | 0 | 3 |
| Cape & Coast Bank SBA 504 record | Savings | Yarmouth Port, MA | 3 | $4.50M | 0 | 3 | 0 |
| Hanover Community Bank SBA 7(a) record | Bank | Garden City Park, NY | 3 | $2.84M | 3 | 0 | 0 |
| Rockland Trust Company SBA 7(a) record | Bank | Rockland, MA | 2 | $1.70M | 1 | 1 | 0 |
| Bristol County Savings Bank SBA 504 record | Bank | Taunton, MA | 1 | $6.60M | 0 | 1 | 0 |
| Open Bank SBA 7(a) record | Bank | Los Angeles, CA | 1 | $5.00M | 1 | 0 | 1 |
| Shoreham Bank SBA 7(a) record | Savings | Warwick, RI | 1 | $5.00M | 1 | 0 | 0 |
| Bluestone Bank | Bank | Raynham, MA | 1 | $4.00M | 0 | 1 | 0 |
| Port 51 Lending LLC SBA 7(a) record | Non-bank | New York, NY | 1 | $3.90M | 1 | 0 | 1 |
| Leader Bank, National Association SBA 7(a) record | Bank | Arlington, MA | 1 | $2.10M | 1 | 0 | 0 |
| The Pittsfield Co-operative Bank | Savings | Pittsfield, MA | 1 | $2.00M | 0 | 1 | 0 |
| BankNewport SBA 504 record | Bank | Middletown, RI | 1 | $1.10M | 0 | 1 | 0 |
| TruNorth Bank SBA 504 record | Bank | Easthampton, MA | 1 | $650K | 0 | 1 | 0 |
| Lee Bank SBA 7(a) record | Savings | Lee, MA | 1 | $450K | 1 | 0 | 0 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 1 | $150K | 1 | 0 | 1 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Hotels (except Casino Hotels) and Motels | 21 |
| Bed-and-Breakfast Inns | 8 |
| All Other Traveler Accommodation | 1 |
| Loan size | Loans |
|---|---|
| Under $150K | 3 |
| $150K to $350K | 2 |
| $350K to $1M | 6 |
| $1M to $2.5M | 9 |
| $2.5M or more | 5 |
- SBA lenders recorded 30 loans to hotels and motels totaling $43.8M in Massachusetts in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $1M, with the middle half between $500K and $2.1M. SBA FOIA,
- 15 were SBA 7(a) loans and 10 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 9.75% on 15 loans. SBA FOIA,
- The median term was 25 years. SBA FOIA,
- Banks and savings institutions made 23 of the loans, credit unions 0, and non-banks 1. SBA FOIA,
- The five most active lenders made 46.7% of the loans. SBA FOIA,
- The three most active lenders were Newtek Bank, National Association with 5, Cape & Coast Bank with 3, and Hanover Community Bank with 3. SBA FOIA,
- 3 of the loans were under $150K, and 14 were $1M or more. SBA FOIA,
- 6 of these loans were made by lenders that have since merged or closed, that the file lists under a name with no lender record here, or that the loan tape shows only at a broader industry level. They are counted in the totals here and appear in no lender's row. SBA FOIA,
- The SBA file shows 7 approvals of these loans dated in the 12 months to September 30, 2026, versus 12 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 8 of the 15 lenders are based in Massachusetts. The rest are based elsewhere, most often in New York, Rhode Island and California. SBA FOIA,
- The most common detailed industry in Massachusetts was Hotels (except Casino Hotels) and Motels, with 21 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to hotels and motels in Massachusetts
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in Massachusetts, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 7211.
- Order
- Largest first by loans in the state, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. 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
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.