SBA by industry · MA
SBA lenders for professional services firms in Massachusetts
68 lenders made 543 SBA loans to professional services firms in Massachusetts in the 36 months ending September 30, 2026. Eastern Bank made the most, with 143. The typical loan was about $100K.
- Evidence
- SBA 7(a) and 504 loans to professional services firms in Massachusetts, NAICS 54, excluding veterinary
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 68
- SBA FOIA,
- SBA loans, 36 months
- 543
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $158M
- SBA FOIA,
- Last 12 months
- 145
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for professional services firms in Massachusetts, https://lender.report/sba-lenders-for/professional-services/massachusetts/, data as of September 30, 2026.
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Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Offices of Lawyers | 76 |
| All Other Professional, Scientific, and Technical Services | 64 |
| Administrative Management and General Management Consulting Services | 36 |
| Other Accounting Services | 35 |
| Offices of Certified Public Accountants | 33 |
| Custom Computer Programming Services | 29 |
| Tax Preparation Services | 25 |
| Computer Systems Design Services | 23 |
| Interior Design Services | 22 |
| Architectural Services | 18 |
| Loan size | Loans |
|---|---|
| Under $150K | 312 |
| $150K to $350K | 122 |
| $350K to $1M | 75 |
| $1M to $2.5M | 21 |
| $2.5M or more | 14 |
- SBA lenders recorded 543 loans to professional services firms totaling $158.1M in Massachusetts in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $100K, with the middle half between $50K and $250K. SBA FOIA,
- 520 were SBA 7(a) loans and 24 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.25% on 520 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 520 of the loans, credit unions 7, and non-banks 13. SBA FOIA,
- The five most active lenders made 48.6% of the loans. SBA FOIA,
- The three most active lenders were Eastern Bank with 143, TD Bank, National Association with 53, and Northeast Bank with 24. SBA FOIA,
- 312 of the loans were under $150K, and 35 were $1M or more. SBA FOIA,
- 3 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 145 approvals of these loans dated in the 12 months to September 30, 2026, versus 210 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 30 of the 68 lenders are based in Massachusetts. The rest are based elsewhere, most often in Florida, North Carolina and Ohio. SBA FOIA,
- The most common detailed industry in Massachusetts was Offices of Lawyers, with 76 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to professional services firms 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 54, excluding veterinary.
- 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.