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GoSBA’s 50 Best Boston SBA Lenders In 2018

The U.S. Small Business Administration (SBA) Boston District Office serves 14 counties which have a combined population base of nearly 6.9 million residents. Boston possesses a diverse and prosperous economic base as it is a known for its business, finance, high-technology, tourism, medicine, education, fishing, and publishing.

 

Finding the best and cheapest business loans has always been a hassle, so we make it easier by comparing all the best SBA lenders in Boston for you. After reading our analysis, please click apply now and we will able to match you with the best SBA loan providers in Boston.

 

GoSBA Loans is proud to announce the 2018, top 50 SBA banks providing SBA loans in Boston. As a strong city for small business entrepreneurs, Boston SBA loan providers financed 1,659 businesses valued at $ 250,814,300 million in 2018.

 

One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in Boston include some of the larger banks like Bank of America, as well as some smaller players, including Berkshire Bank and Brookline Bank. Unfortunately, these banks have some of the strongest underwriting criteria. Most small businesses are better off speaking with smaller and more aggressive SBA lenders in Boston. Applicants that apply for a SBA loan with GoSBA loans benefit from automatic circulation of their loan application to 33 of the 100 top Boston SBA lenders. Here is our GoSBA’s official ranking for the 50 Best Boston SBA Lenders In 2018.

 

RANK BANK LOANS FUNDED VOLUME FUNDED ($)
1 Eastern Bank 494 37,986,500
2 TD Bank, National Association 186 12,060,100
3 Citizens Bank, National Association 133 19,266,500
4 Independence Bank 80 3,950,000
5 Berkshire Bank 59 5,311,300
6 Leader Bank, National Association 56 6,896,100
7 Rockland Trust Company 45 11,073,600
8 Salem Five Cents Savings Bank 43 8,081,900
9 Santander Bank, National Association 42 4,176,700
10 Cambridge Savings Bank 40 4,470,700
11 UniBank for Savings 35 3,393,800
12 Webster Bank, National Association 31 8,008,300
13 Century Bank and Trust Company 27 4,708,000
14 Brookline Bank 22 2,267,100
15 St. Mary’s Credit Union 22 1,628,600
16 Celtic Bank Corporation 20 3,273,100
17 Live Oak Banking Company 19 26,700,000
18 First Home Bank 18 4,067,000
19 South Shore Bank 17 2,582,000
20 Cornerstone Bank 17 2,432,900
21 Avidia Bank 16 13,156,500
22 Beverly Bank 15 1,539,000
23 Cape Cod Five Cents Savings Bank 15 1,278,700
24 HarborOne Bank 15 887,900
25 People’s United Bank, National Association 13 2,815,000
26 Stearns Bank National Association 12 3,783,700
27 The Provident Bank 11 5,128,000
28 Enterprise Bank and Trust Company 11 2,935,900
29 Wells Fargo Bank, National Association 10 9,473,800
30 Northern Bank and Trust Company 9 7,256,500
31 BankFive 9 1,075,500
32 Hometown Bank 8 1,747,400
33 Greenfield Savings Bank 8 1,112,200
34 Greenfield Co-Operative Bank 8 1,003,200
35 PeoplesBank 8 618,700
36 The Cooperative Bank of Cape Cod 8 560,000
37 Bank of America, National Association 7 3,381,400
38 Newtek Small Business Finance, Inc. 7 2,370,000
39 Bristol County Savings Bank 7 1,860,000
40 Mechanics Cooperative Bank 7 1,428,000
41 KeyBank National Association 6 2,439,000
42 Five Star Bank 6 1,090,000
43 Coastal Heritage Bank 6 1,030,000
44 Atlantic Capital Bank, National Association 5 4,687,000
45 The Milford National Bank and Trust Company 5 1,275,000
46 Coastway Community Bank 5 1,247,500
47 Navigant Credit Union 5 1,127,200
48 Boston Private Bank & Trust Company 5 1,110,000
49 Westfield Bank 5 598,000
50 Adams Community Bank 5 465,000

 

 

Ishan Jetley

Ishan Jetley is the founder and managing director of GoSBALoans. Ishan has helped fund more than 400 businesses. He has helped businesses raise $150 million in SBA working capital, inventory and commercial property loans.

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