SBA lending data · fiscal year 2025

21 lenders funded plumbing, heating, and air-conditioning contractors in Massachusetts last year

40 SBA 7(a) loans approved under NAICS 238220. Median approval $115,000, median term 120 months, median initial rate 10%.

Build a plan for this industry — free preview$299 one time. Your plan cites these lenders by name.

What was actually approved

40
loans approved
21
distinct lenders
$62k
25th percentile
$375k
75th percentile

Half of all approvals in this industry and state fell between $61,925 and $375,000. 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 Association10 loans · $5M
  2. 2Eastern Bank5 loans · $0.5M
  3. 3Salem Five Cents Savings Bank4 loans · $1.1M
  4. 4Bristol County Savings Bank2 loans · $0.1M
  5. 5Northeast Bank2 loans · $0.6M
  6. 6First Internet Bank of Indiana2 loans · $1M
  7. 7Manufacturers and Traders Trust Company1 loan · $0.4M
  8. 8Santander Bank, National Association1 loan · $0.1M
  9. 9Bank of America, National Association1 loan · $0.6M
  10. 10Beacon Bank and Trust1 loan · $0M
  11. 11St. Mary's CU1 loan · $0.1M
  12. 12Live Oak Banking Company1 loan · $0.5M

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
FY20233915$75,000
FY20244615$97,000
FY20254021$115,000

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

Plumbing, Heating, and Air-Conditioning Contractors in other states

Your plan can name these lenders

Every plan we build pulls this same data for your state and industry, positions your request against the real distribution of approvals, and computes the coverage ratio your deal is actually held to.

See your free preview