States › Massachusetts › FY2019
FY20191 Oct 2018 – 30 Sep 2019
SBA loans in Massachusetts, FY2019
That fiscal year's approvals by lender and by county.
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.
In FY2019 (1 October 2018 to 30 September 2019) SBA approved 1,840 loans in Massachusetts: 1,594 under 7(a) and 246 under 504, worth $513M.
That is down 23% on FY2018, when there were 2,398 approvals worth $525M.
Massachusetts accounted for 3.2% of the 58,006 approvals nationwide that year. 116 lenders had at least one approval in the state; Eastern Bank had the most, 441.
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.
Approvals by lender
The 40 lenders with the most approvals to Massachusetts businesses in FY2019, of 116 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2018 | Change |
|---|---|---|---|---|---|---|
| 1 | Middlesex County | 436 | $129M | 23.7% | 569 | -133 |
| 2 | Essex County | 300 | $63.3M | 16.3% | 324 | -24 |
| 3 | Worcester County | 196 | $49.5M | 10.7% | 240 | -44 |
| 4 | Suffolk County | 186 | $60.4M | 10.1% | 263 | -77 |
| 5 | Norfolk County | 184 | $62.7M | 10.0% | 271 | -87 |
| 6 | Plymouth County | 157 | $42.8M | 8.5% | 242 | -85 |
| 7 | Bristol County | 122 | $37.2M | 6.6% | 150 | -28 |
| 8 | Barnstable County | 118 | $28.8M | 6.4% | 148 | -30 |
| 9 | Hampden County | 78 | $19.8M | 4.2% | 90 | -12 |
| 10 | Berkshire County | 22 | $11.9M | 1.2% | 38 | -16 |
| 11 | Hampshire County | 22 | $4.1M | 1.2% | 33 | -11 |
| 12 | Franklin County | 10 | $1.1M | 0.5% | 21 | -11 |
| 13 | Nantucket County | 5 | $2.0M | 0.3% | 5 | 0 |
| 14 | Dukes County | 4 | $515K | 0.2% | 4 | 0 |
FY2019 against FY2018
| Massachusetts | FY2019 | FY2018 |
|---|---|---|
| 7(a) approvals | 1,594 | 2,128 |
| 7(a) dollars | $357M | $353M |
| Median 7(a) approval | $100K | $60K |
| 504 approvals | 246 | 270 |
| 504 dollars | $155M | $172M |
| Jobs supported, as reported | 13,780 | 17,153 |
Questions and answers
Which lenders made the most SBA loans in Massachusetts in FY2019?
Eastern Bank (441), TD Bank, National Association (157), Webster Bank National Association (96), Bay Colony Development Corporation (92), Granite State Economic Development Corporation (82). 116 lenders had at least one approval.
How many SBA loans were approved in Massachusetts in FY2019?
1,840: 1,594 under 7(a) worth $357M and 246 under 504 worth $155M.
Which Massachusetts counties had the most SBA approvals in FY2019?
Middlesex County (436), Essex County (300), Worcester County (196), Suffolk County (186), Norfolk County (184).
When does FY2019 start and end?
The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error