Lending data
Who actually lends to farms and agricultural businesses in Massachusetts?
23 SBA 7(a) loans went to farms and agricultural businesses in Massachusetts recently, at a median of $50,000. Here are the lenders that made them, ranked.
23 SBA 7(a) loans went to farms and agricultural businesses in Massachusetts in the most recent fiscal years. The median was $50,000 over 10 years. The most active lender was TD Bank, with 6 loans.
What lending to farms and agricultural 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 | Agriculture and farming, Massachusetts | All 7(a) borrowers |
|---|---|---|
| Loans approved | 23 | 214,102 |
| Median loan | $50,000 | $150,000 |
| 25th - 75th percentile | $15,000 - $200,000 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.25% | 10.25% |
| Share to startups | 13.0% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 7.9% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to farms and agricultural 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 |
|---|---|---|---|---|
| TD Bank | 6 | $17,500 | 0% | 11.40% |
| Florence Bank | 3 | $60,000 | 0% | 6.00% |
| Webster Bank | 2 | $718,650 | 0% | 8.25% |
| Manufacturers and Traders Trust Company | 2 | $27,500 | 0% | 12.25% |
| The Cape Cod Five Cents Savings Bank | 2 | $100,000 | 0% | 9.88% |
| Bristol County Savings Bank | 2 | $26,600 | 0% | 9.97% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run smaller than average. The median of $50,000 is 67% 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 13% 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.
- One lender dominates. TD Bank alone made 26% of these loans, and the top three made 48%. That concentration usually means a lender with a dedicated program for this sector — worth starting there, but get a second quote so you know the terms are competitive.
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
- Agriculture in comparable states: Nebraska, Tennessee, New Hampshire, Colorado, Illinois, Arizona