BlogRankingStateBest Massachusetts SBA Lenders & Rates of 2026

Best Massachusetts SBA Lenders & Rates of 2026

February 2, 2026
Ranking, State
1 min read

$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:

Rank Lender Volume Loans Avg Rate
1 Eastern Bank $51.4M 309 9.75%
2 Live Oak Banking Company $46.1M 37 9.23%
3 Rockland Trust Company $32.8M 112 8.04%
4 Newtek Bank, National Association $29.3M 76 10.93%
5 TD Bank, National Association $24.9M 203 10.45%
6 Brookline Bank, a Division of Beacon Bank and Trust $19.6M 33 9.12%
7 Northeast Bank $19.2M 131 10.78%
8 The Huntington National Bank $18.9M 33 9.53%
9 Leader Bank, National Association $16.8M 23 9.33%
10 Bank of America, National Association $15.8M 30 7.53%
11 Manufacturers and Traders Trust Company $13.8M 135 11.26%
12 Northwest Bank $12.5M 11 9.48%
13 Salem Five Cents Savings Bank $12.1M 64 8.89%
14 Readycap Lending, LLC $9.7M 34 11.94%
15 Byline Bank $9.2M 5 10.10%
16 Citizens Bank, National Association $8.8M 18 9.82%
17 Truliant FCU $7.8M 6 10.13%
18 Webster Bank National Association $6.5M 24 9.88%
19 First National Bank of Pennsylvania $6.1M 5 9.55%
20 East Cambridge Savings Bank $6.1M 3 7.19%

🤝 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.

http://gosbaloans.com

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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