SBA by industry · MA
SBA lenders for retail stores in Massachusetts
77 lenders made 421 SBA loans to retail stores in Massachusetts in the 36 months ending September 30, 2026. Eastern Bank made the most, with 73. The typical loan was about $120K.
- Evidence
- SBA 7(a) and 504 loans to retail stores in Massachusetts, NAICS 44 and 45, excluding gas, convenience and pharmacy
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 77
- SBA FOIA,
- SBA loans, 36 months
- 421
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $130M
- SBA FOIA,
- Last 12 months
- 111
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for retail stores in Massachusetts, https://lender.report/sba-lenders-for/retail/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 |
|---|---|
| Beer, Wine, and Liquor Retailers | 53 |
| Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 50 |
| Clothing and Clothing Accessories Retailers | 39 |
| Sporting Goods Retailers | 20 |
| All Other General Merchandise Retailers | 16 |
| All Other Specialty Food Retailers | 16 |
| Gift, Novelty, and Souvenir Retailers | 16 |
| Baked Goods Retailers | 14 |
| Used Car Dealers | 14 |
| All Other Miscellaneous Retailers | 13 |
| Loan size | Loans |
|---|---|
| Under $150K | 235 |
| $150K to $350K | 83 |
| $350K to $1M | 73 |
| $1M to $2.5M | 34 |
| $2.5M or more | 4 |
- SBA lenders recorded 421 loans to retail stores totaling $130.1M in Massachusetts in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $120K, with the middle half between $50K and $350K. SBA FOIA,
- 393 were SBA 7(a) loans and 36 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 9.75% on 393 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 396 of the loans, credit unions 7, and non-banks 23. SBA FOIA,
- The five most active lenders made 54.2% of the loans. SBA FOIA,
- The three most active lenders were Eastern Bank with 73, Rockland Trust Company with 52, and TD Bank, National Association with 52. SBA FOIA,
- 235 of the loans were under $150K, and 38 were $1M or more. SBA FOIA,
- The SBA file shows 111 approvals of these loans dated in the 12 months to September 30, 2026, versus 156 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 39 of the 77 lenders are based in Massachusetts. The rest are based elsewhere, most often in California, Ohio and New York. SBA FOIA,
- The most common detailed industry in Massachusetts was Beer, Wine, and Liquor Retailers, with 53 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to retail stores 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 44 and 45, excluding gas, convenience and pharmacy.
- 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.