SBA by industry · MA
SBA lenders for restaurants in Massachusetts
91 lenders made 610 SBA loans to restaurants in Massachusetts in the 36 months ending September 30, 2026. Eastern Bank made the most, with 93. The typical loan was about $170K.
- Evidence
- SBA 7(a) and 504 loans to restaurants in Massachusetts, NAICS 722
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 91
- SBA FOIA,
- SBA loans, 36 months
- 610
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $220M
- SBA FOIA,
- Last 12 months
- 184
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for restaurants in Massachusetts, https://lender.report/sba-lenders-for/restaurants/massachusetts/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| Eastern Bank SBA 7(a) record | Bank | Boston, MA | 93 | $26.6M | 85 | 8 | 26 |
| Rockland Trust Company SBA 7(a) record | Bank | Rockland, MA | 79 | $29.5M | 63 | 16 | 15 |
| Manufacturers and Traders Trust Company SBA 7(a) record | Bank | Buffalo, NY | 55 | $9.94M | 55 | 0 | 25 |
| TD Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 41 | $6.33M | 40 | 1 | 13 |
| Santander Bank, N.A. SBA 7(a) record | Bank | Wilmington, DE | 29 | $6.26M | 29 | 0 | 5 |
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 18 | $5.76M | 18 | 0 | 5 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 16 | $20.5M | 16 | 0 | 8 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 16 | $3.78M | 16 | 0 | 9 |
| The Cape Cod Five Cents Savings Bank SBA 7(a) record | Bank | Hyannis, MA | 15 | $5.41M | 11 | 4 | 3 |
| Cambridge Savings Bank SBA 7(a) record | Bank | Cambridge, MA | 14 | $3.62M | 13 | 1 | 0 |
| Beacon Bank and Trust SBA 7(a) record | Bank | Boston, MA | 11 | $3.33M | 10 | 1 | 3 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 11 | $1.53M | 11 | 0 | 2 |
| Northern Bank & Trust Company SBA 7(a) record | Bank | Woburn, MA | 10 | $7.15M | 9 | 1 | 3 |
| BayCoast Bank SBA 7(a) record | Savings | Swansea, MA | 10 | $1.77M | 10 | 0 | 6 |
| Avidia Bank SBA 7(a) record | Savings | Hudson, MA | 9 | $2.25M | 9 | 0 | 0 |
| Bristol County Savings Bank SBA 7(a) record | Bank | Taunton, MA | 8 | $4.33M | 5 | 3 | 2 |
| Leader Bank, National Association SBA 7(a) record | Bank | Arlington, MA | 8 | $4.18M | 7 | 1 | 1 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 8 | $940K | 8 | 0 | 1 |
| Northwest Bank SBA 7(a) record | Savings | Warren, PA | 6 | $5.16M | 6 | 0 | 0 |
| Lee Bank SBA 7(a) record | Savings | Lee, MA | 6 | $1.19M | 5 | 1 | 2 |
| Bank of America, National Association SBA 7(a) record | Bank | Charlotte, NC | 5 | $4.41M | 5 | 0 | 3 |
| Harvest Small Business Finance, LLC SBA 7(a) record | Non-bank | Laguna Hills, CA | 5 | $3.47M | 5 | 0 | 4 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 5 | $3.13M | 5 | 0 | 2 |
| Lendistry SBLC, LLC SBA 7(a) record | Non-bank | Los Angeles, CA | 5 | $1.70M | 5 | 0 | 1 |
| Needham Bank SBA 7(a) record | Bank | Needham, MA | 4 | $3.60M | 2 | 2 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Full-Service Restaurants | 303 |
| Limited-Service Restaurants | 185 |
| Snack and Nonalcoholic Beverage Bars | 54 |
| Drinking Places (Alcoholic Beverages) | 22 |
| Caterers | 15 |
| Mobile Food Services | 13 |
| Food Service Contractors | 12 |
| Cafeterias, Grill Buffets, and Buffets | 6 |
| Loan size | Loans |
|---|---|
| Under $150K | 265 |
| $150K to $350K | 138 |
| $350K to $1M | 140 |
| $1M to $2.5M | 52 |
| $2.5M or more | 3 |
- SBA lenders recorded 610 loans to restaurants totaling $219.9M in Massachusetts in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $170K, with the middle half between $60K and $460K. SBA FOIA,
- 525 were SBA 7(a) loans and 73 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 9.75% on 525 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 562 of the loans, credit unions 6, and non-banks 28. SBA FOIA,
- The five most active lenders made 48.7% of the loans. SBA FOIA,
- The three most active lenders were Eastern Bank with 93, Rockland Trust Company with 79, and Manufacturers and Traders Trust Company with 55. SBA FOIA,
- 265 of the loans were under $150K, and 55 were $1M or more. SBA FOIA,
- 14 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 184 approvals of these loans dated in the 12 months to September 30, 2026, versus 245 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 49 of the 91 lenders are based in Massachusetts. The rest are based elsewhere, most often in New York, Florida and Maine. SBA FOIA,
- The most common detailed industry in Massachusetts was Full-Service Restaurants, with 303 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to restaurants 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 722.
- 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.