Lending data
Who actually lends to administrative and support businesses in Massachusetts?
447 SBA 7(a) loans went to administrative and support businesses in Massachusetts recently, at a median of $95,000. Here are the lenders that made them, ranked.
447 SBA 7(a) loans went to administrative and support businesses in Massachusetts in the most recent fiscal years. The median was $95,000 over 10 years. The most active lender was Eastern Bank, with 93 loans.
What lending to administrative and support businesses in Massachusetts actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Administrative and support services, Massachusetts | All 7(a) borrowers |
|---|---|---|
| Loans approved | 447 | 214,102 |
| Median loan | $95,000 | $150,000 |
| 25th - 75th percentile | $45,000 - $225,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.00% | 10.25% |
| Share to startups | 22.8% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 6.5% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to administrative and support businesses in Massachusetts. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Eastern Bank | 93 | $50,000 | 17% | 10.49% |
| TD Bank | 79 | $50,000 | 28% | 11.50% |
| St. Mary's CU | 25 | $50,000 | 24% | 7.05% |
| Salem Five Cents Savings Bank | 22 | $100,000 | 0% | 9.62% |
| Manufacturers and Traders Trust Company | 22 | $60,000 | 23% | 11.12% |
| Rockland Trust Company | 14 | $236,000 | 7% | 7.50% |
| The Huntington National Bank | 14 | $235,000 | 14% | 9.62% |
| BayFirst National Bank | 12 | $150,000 | 0% | 12.25% |
| United Midwest Savings Bank | 12 | $150,000 | 83% | 10.38% |
| Bank of America | 9 | $340,000 | 11% | 6.29% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run smaller than average. The median of $95,000 is 37% below the $150,000 national median. Smaller loans price higher under the SBA spread caps, so budget for a rate above the headline range.
- This is a hard market for new businesses. Only 23% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
- No single lender dominates, but the top three made 44% of these loans, so the shortlist below covers most of the active market.
Which of them lend to new businesses
Of those loans, 22.8% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 22 | $50,000 | 28% | 11.50% |
| Eastern Bank | 16 | $50,000 | 17% | 10.49% |
| United Midwest Savings Bank | 10 | $150,000 | 83% | 10.38% |
| St. Mary's CU | 6 | $50,000 | 24% | 7.05% |
| Manufacturers and Traders Trust Company | 5 | $60,000 | 23% | 11.12% |
| First Bank of the Lake | 4 | $310,200 | 100% | 10.00% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Massachusetts: construction, professional services, restaurants and hotels, personal services, retail, healthcare
- Admin Services in comparable states: Michigan, New Jersey, Georgia, Illinois, Pennsylvania, North Carolina