
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 |