States › Massachusetts › Suffolk County
County6th of 14 in Massachusetts by approvalsFIPS 25025
SBA loans in Suffolk County, Massachusetts
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Suffolk County, Massachusetts, received 747 SBA loan approvals worth $294M in FY2021 to FY2025 (671 7(a), 76 504).
That is 33.9 approvals per 1,000 business establishments (22,034 establishments in 2023), below the Massachusetts figure of 48.8 and below the national 41.0.
It ranks 6th of 14 Massachusetts counties with approvals. In FY2025 there were 191, about level with FY2024.
79 lenders had approvals here; the most active were Eastern Bank (170), TD Bank, National Association (59) and Manufacturers and Traders Trust Company (34). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Suffolk County
By number of approvals to businesses in the county, FY2021–FY2025; 79 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Eastern BankBoston, MA | 170 | $27.7M | 22.8% | |
| 2 | TD Bank, National AssociationWilmington, DE | 59 | $5.3M | 7.9% | |
| 3 | Manufacturers and Traders Trust CompanyBuffalo, NY | 34 | $4.9M | 4.6% | |
| 4 | Webster Bank National AssociationWaterbury, CT | 33 | $6.1M | 4.4% | |
| 5 | Leader Bank, National AssociationArlington, MA | 31 | $17.4M | 4.1% | |
| 6 | Bay Colony Development CorporationWaltham, MA · CDC | 29 | $20.6M | 3.9% | |
| 7 | Rockland Trust CompanyRockland, MA | 25 | $12.2M | 3.3% | |
| 8 | Beacon Bank and TrustBrookline, MA | 25 | $8.0M | 3.3% | |
| 9 | Granite State Economic Development CorporationPortsmouth, NH · CDC | 23 | $18.6M | 3.1% | |
| 10 | Newtek Bank, National AssociationMiami, FL | 22 | $9.9M | 2.9% | |
| 11 | Northeast BankLewiston, ME | 20 | $2.9M | 2.7% | |
| 12 | Bank of America, National AssociationCharlotte, NC | 19 | $4.8M | 2.5% | |
| 13 | Needham BankNeedham, MA | 19 | $2.7M | 2.5% | |
| 14 | BayFirst National BankSaint Petersburg, FL | 18 | $2.6M | 2.4% | |
| 15 | New England Certified Development CorporationWakefield, MA · CDC | 17 | $16.6M | 2.3% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 109 | 14.6% | |
| 2 | Personal Care ServicesNAICS 8121 | 34 | 4.6% | |
| 3 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 32 | 4.3% | |
| 4 | Legal ServicesNAICS 5411 | 29 | 3.9% | |
| 5 | Grocery StoresNAICS 4451 | 25 | 3.3% | |
| 6 | Residential Building ConstructionNAICS 2361 | 25 | 3.3% | |
| 7 | Building Finishing ContractorsNAICS 2383 | 19 | 2.5% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 17 | 2.3% | |
| 9 | Other Personal ServicesNAICS 8129 | 17 | 2.3% | |
| 10 | Architectural, Engineering, and Related ServicesNAICS 5413 | 16 | 2.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 131 | 17.5% | |
| 2 | Accommodation and Food Services | 121 | 16.2% | |
| 3 | Retail Trade | 108 | 14.5% | |
| 4 | Other Services (except Public Administration) | 73 | 9.8% | |
| 5 | Construction | 68 | 9.1% | |
| 6 | Health Care and Social Assistance | 53 | 7.1% | |
| 7 | Transportation and Warehousing | 30 | 4.0% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 30 | 4.0% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 120 | $29.2M | $123K | 5 | $1.9M | 125 | 1,140 |
| FY2025 | 177 | $59.2M | $135K | 14 | $10.6M | 191 | 1,948 |
| FY2024 | 191 | $65.5M | $130K | 11 | $9.1M | 202 | 2,001 |
| FY2023 | 129 | $41.8M | $129K | 12 | $13.4M | 141 | 1,427 |
| FY2022 | 98 | $29.0M | $150K | 18 | $13.7M | 116 | 1,109 |
| FY2021 | 76 | $34.8M | $233K | 21 | $16.5M | 97 | 1,052 |
| FY2020 | 132 | $37.5M | $100K | 12 | $10.9M | 144 | 1,051 |
| FY2019 | 168 | $46.5M | $100K | 18 | $13.8M | 186 | 1,564 |
| FY2018 | 243 | $37.3M | $75K | 20 | $14.5M | 263 | 2,083 |
| FY2017 | 272 | $36.7M | $70K | 13 | $3.3M | 285 | 1,990 |
| FY2016 | 273 | $41.9M | $53K | 20 | $15.5M | 293 | 1,828 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 1,171 approvals.
Against Massachusetts and the country
| FY2021–FY2025 | Suffolk County | Massachusetts | United States |
|---|---|---|---|
| Approvals | 747 | 8,965 | 342,825 |
| Approvals per 1,000 establishments | 33.9 | 48.8 | 41.0 |
| Median 7(a) approval | $150K | $100K | $190K |
| Median 504 approval | $629K | $455K | $657K |
| Average approval | $393K | $374K | $573K |
| 504 share of approvals | 10.2% | 15.0% | 11.0% |
| Jobs supported per approval, as reported | 10.1 | 9.1 | 10.5 |
| Share of state approvals | 8.3% | 100.0% | — |
Approval sizes
- $50,000 or less25.6%191
- $50,001 to $150,00026.0%194
- $150,001 to $350,00019.8%148
- $350,001 to $1 million18.5%138
- $1 million to $2 million6.4%48
- Over $2 million3.7%28
Age of the businesses
- Existing, more than 2 years old75.2%562
- New business, 2 years or less13.3%99
- Startup, loan funds will open the business6.6%49
- Change of ownership5.0%37
Questions and answers
Which lenders make the most SBA loans in Suffolk County?
By approvals in FY2021 to FY2025: Eastern Bank (170), TD Bank, National Association (59), Manufacturers and Traders Trust Company (34), Webster Bank National Association (33), Leader Bank, National Association (31). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Suffolk County?
The median 7(a) approval was $150K and the median 504 approval $629K; the Massachusetts 7(a) median was $100K.
Which industries get the most SBA loans in Suffolk County?
Restaurants and Other Eating Places (109); Personal Care Services (34); Management, Scientific, and Technical Consulting Services (32); Legal Services (29); Grocery Stores (25).
Is SBA lending in Suffolk County rising?
Approvals in the three latest complete fiscal years total 534, against 357 in the three before: rising (+50%).
How does Suffolk County compare with the rest of Massachusetts?
33.9 approvals per 1,000 establishments against 48.8 statewide, and 747 of the state's 8,965 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error