Best Massachusetts SBA Lenders & Rates of 2026

Compare 134 SBA lenders in Massachusetts. $528.2M funded across 1,794 businesses. Average rate 9.81%. Get matched free.

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Best Massachusetts SBA Lenders & Rates of 2026

$528.2M
Total Funded

1,794
Loans Approved

$294K
Avg Loan Size

9.81%
Avg Interest Rate

134
Active Lenders

SBA Loans in Massachusetts

Massachusetts businesses received $528.2M in SBA 7(a) loan approvals across 1,794 businesses in 2025. With 134 active SBA lenders competing for business in Massachusetts, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Massachusetts is $294K, with rates averaging 9.81%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in Massachusetts (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Massachusetts businesses:

RankLenderVolumeLoansAvg Rate
1Eastern Bank$51.4M3099.75%
2Live Oak Banking Company$46.1M379.23%
3Rockland Trust Company$32.8M1128.04%
4Newtek Bank, National Association$29.3M7610.93%
5TD Bank, National Association$24.9M20310.45%
6Brookline Bank, a Division of Beacon Bank and Trust$19.6M339.12%
7Northeast Bank$19.2M13110.78%
8The Huntington National Bank$18.9M339.53%
9Leader Bank, National Association$16.8M239.33%
10Bank of America, National Association$15.8M307.53%
11Manufacturers and Traders Trust Company$13.8M13511.26%
12Northwest Bank$12.5M119.48%
13Salem Five Cents Savings Bank$12.1M648.89%
14Readycap Lending, LLC$9.7M3411.94%
15Byline Bank$9.2M510.10%
16Citizens Bank, National Association$8.8M189.82%
17Truliant FCU$7.8M610.13%
18Webster Bank National Association$6.5M249.88%
19First National Bank of Pennsylvania$6.1M59.55%
20East Cambridge Savings Bank$6.1M37.19%

🤝 How to Get an SBA Loan in Massachusetts

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across Massachusetts and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with Massachusetts SBA Lenders

Ready to apply for an SBA loan in Massachusetts? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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