SBA lending data · fiscal year 2025

18 lenders funded all other specialty trade contractors in Massachusetts last year

32 SBA 7(a) loans approved under NAICS 238990. Median approval $130,000, median term 120 months, median initial rate 10%.

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What was actually approved

32
loans approved
18
distinct lenders
$72k
25th percentile
$278k
75th percentile

Half of all approvals in this industry and state fell between $72,350 and $277,500. A request well outside that band is not impossible — it draws more scrutiny on collateral and management experience.

The most active lenders

Ranked by how many loans each actually approved in this industry and state — not by advertising spend. A lender that has written twenty of these already knows the questions to ask.

  1. 1TD Bank, National Association5 loans · $0.4M
  2. 2Rockland Trust Company3 loans · $0.4M
  3. 3Salem Five Cents Savings Bank3 loans · $0.6M
  4. 4Baycoast Bank3 loans · $0.1M
  5. 5Webster Bank National Association2 loans · $0.3M
  6. 6Manufacturers and Traders Trust Company2 loans · $0.8M
  7. 7St. Mary's CU2 loans · $0.3M
  8. 8First National Bank of Pennsylvania2 loans · $1.7M
  9. 9Live Oak Banking Company1 loan · $1M
  10. 10First Bank of the Lake1 loan · $0.2M
  11. 11Beacon Bank and Trust1 loan · $0.1M
  12. 12Santander Bank, National Association1 loan · $0.1M

This list is not a recommendation and these lenders have no relationship with this site. It reports approvals recorded in U.S. Small Business Administration, FOIA 7(a) and 504 loan approval data (data.sba.gov), fiscal year 2025, as of 2026-06-30.

Is this industry getting easier or harder to finance?

Fiscal yearLoansLendersMedian approval
FY20233314$125,000
FY20242813$87,500
FY20253218$130,000

Only completed fiscal years are shown. The SBA fiscal year ends 30 September; a partial year compared against full ones makes any industry look like it is closing.

Where this comes from

The SBA publishes every approved 7(a) and 504 loan under FOIA: the lender, the borrower's state, the industry code, the amount, the term and the initial rate. We indexed 4 fiscal years of it, alongside Census and BLS data. Figures on this page are as published on 2026-06-30.

This page reports approvals. It says nothing about how many applications were declined, and it is not a prediction about yours. This site is not affiliated with, endorsed by, or approved by the U.S. Small Business Administration.

Other industries in Massachusetts

All Other Specialty Trade Contractors in other states

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