Small business loans in Boston are available from many SBA lenders. Here are the most active Boston SBA lenders:
Top SBA Lenders in Boston
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Eastern Bank | Boston, MA | 42 | $155,586 | 10.3% |
| 2 | Beacon Bank | Brookline, MA | 18 | $430,417 | 10.3% |
| 3 | Brookline, MA | 18 | $430,417 | 10.3% | |
| 4 | America First Federal Credit Union | Brookline, MA | 18 | $430,417 | 10.3% |
| 5 | Newtek Bank | Miami, FL | 12 | $595,833 | 10.9% |
| 6 | Huntington Bank | Columbus, OH | 9 | $660,200 | 9.9% |
| 7 | TD Bank | Wilmington, DE | 8 | $222,588 | 10.6% |
| 8 | BayFirst National Bank | Saint Petersburg, FL | 8 | $170,625 | 12.7% |
| 9 | M&T | Buffalo, NY | 7 | $419,771 | 10.3% |
| 10 | Rockland Trust Company | Rockland, MA | 6 | $899,167 | 7.9% |
| 11 | Leader Bank | Arlington, MA | 6 | $220,000 | 10.2% |
| 12 | Readycap Lending, LLC | Berkeley Heights, NJ | 6 | $61,667 | 14.0% |
| 13 | Webster Bank | Waterbury, CT | 4 | $361,250 | 10.4% |
| 14 | Bank of America | Charlotte, NC | 4 | $212,500 | 11.0% |
| 15 | United Midwest Savings Bank | De Graff, OH | 4 | $135,000 | 10.5% |
| 16 | Northeast Bank | Lewiston, ME | 4 | $83,250 | 11.0% |
| 17 | Live Oak | Wilmington, NC | 3 | $842,667 | 8.8% |
| 18 | Citizens Bank | Providence, RI | 3 | $591,667 | 10.9% |
| 19 | Wells Fargo | Sioux Falls, SD | 2 | $1,426,950 | 7.3% |
| 20 | East Cambridge Savings Bank | Cambridge, MA | 2 | $782,750 | 6.9% |
Top Industries for SBA Loans in Boston
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 5 | Administrative Management and General Management Consulting Services | 6 | $225,000 | 10.4% |
| 2 | Advertising Agencies | 2 | $2,035,000 | 8.9% |
| 4 | All Other Personal Services | 2 | $200,000 | 10.4% |
| 3 | All Other Specialty Food Retailers | 2 | $1,512,500 | 6.8% |
| 4 | Architectural Services | 3 | $1,576,667 | 11.0% |
| 8 | Beauty Salons | 3 | $75,667 | 10.3% |
| 4 | Beer, Wine, and Liquor Retailers | 18 | $225,000 | 8.7% |
| 2 | Computer Systems Design Services | 2 | $50,000 | 12.5% |
| 1 | Convenience Retailers | 4 | $338,625 | 9.3% |
| 8 | Fitness and Recreational Sports Centers | 3 | $335,767 | 9.3% |
| 9 | Full-Service Restaurants | 11 | $474,900 | 9.9% |
| 8 | Limited-Service Restaurants | 4 | $461,875 | 9.2% |
| 2 | Limousine Service | 4 | $200,000 | 10.0% |
| 4 | New Single-Family Housing Construction (except For-Sale Builders) | 2 | $200,000 | 10.2% |
| 6 | Offices of All Other Miscellaneous Health Practitioners | 2 | $789,350 | 7.4% |
| 3 | Offices of Lawyers | 5 | $156,200 | 9.4% |
| 7 | Offices of Physicians (except Mental Health Specialists) | 6 | $310,000 | 9.7% |
| 3 | Offices of Real Estate Agents and Brokers | 2 | $135,000 | 10.5% |
| 2 | Other Scientific and Technical Consulting Services | 3 | $558,333 | 11.6% |
| 1 | Other Specialized Design Services | 2 | $46,500 | 8.5% |
| 2 | Poured Concrete Foundation and Structure Contractors | 2 | $150,000 | 9.8% |
| 7 | Snack and Nonalcoholic Beverage Bars | 5 | $310,000 | 11.1% |
Connect me to a Boston lender!
Many entrepreneurs search SbaLenders.com for “business loans near me” or “SBA lenders near me,” but the reality is often times the best banks for Boston SBA loans are not local but national SBA preferred lenders. Connect with us and we can connect you today with local or national SBA banks that are small business loan experts.