SBA acquisition lenders in Massachusetts
433 SBA 7(a) change-of-ownership loans in Massachusetts, FY2024–FY2026. Lender rankings, typical loan size, rates and the industries changing hands.
- Acquisitions financed
- 433
- Total approved
- $404.7M
- Median loan
- $500K
- Middle half of loans
- $175K to $1.3M
- Median starting rate
- 8.75%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in Massachusetts
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Rockland Trust Company | 93 | 21% | $250K | $50.1M |
| 2 | Live Oak Banking Company | 44 | 10% | $958K | $60.8M |
| 3 | The Huntington National Bank | 29 | 7% | $350K | $27.8M |
| 4 | Santander Bank, National Association | 23 | 5% | $335K | $11.7M |
| 5 | Eastern Bank | 19 | 4% | $350K | $10.7M |
| 6 | Beacon Bank and Trust | 14 | 3% | $2.8M | $42.9M |
| 7 | United Midwest Savings Bank National Association | 11 | 3% | $679K | $10.4M |
| 8 | Manufacturers and Traders Trust Company | 11 | 3% | $382K | $4.6M |
| 9 | Newtek Bank, National Association | 9 | 2% | $200K | $5.3M |
| 10 | Leader Bank, National Association | 8 | 2% | $1.1M | $13.4M |
| 11 | Truliant FCU | 8 | 2% | $1.3M | $11.6M |
| 12 | Northwest Bank | 8 | 2% | $904K | $10.9M |
| 13 | Byline Bank | 8 | 2% | $860K | $9.4M |
| 14 | Florence Bank | 7 | 2% | $380K | $5.3M |
| 15 | Cape and Coast Bank | 7 | 2% | $788K | $5.3M |
What is being bought in Massachusetts
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Full-Service Restaurants | 33 | 8% | $240K | $19.5M |
| 2 | Beer, Wine, and Liquor Retailers | 21 | 5% | $342K | $12.5M |
| 3 | Landscaping Services | 14 | 3% | $869K | $16.4M |
| 4 | Child Care Services | 14 | 3% | $249K | $6.4M |
| 5 | Home Health Care Services | 13 | 3% | $955K | $17.7M |
| 6 | General Automotive Repair | 13 | 3% | $480K | $12.5M |
| 7 | Limited-Service Restaurants | 13 | 3% | $461K | $8.1M |
| 8 | Residential Remodelers | 8 | 2% | $461K | $4.2M |
| 9 | Convenience Retailers | 8 | 2% | $264K | $2.3M |
| 10 | All Other Specialty Trade Contractors | 7 | 2% | $878K | $5.6M |
| 11 | Offices of Certified Public Accountants | 7 | 2% | $765K | $5.1M |
| 12 | All Other Professional, Scientific, and Technical Services | 7 | 2% | $300K | $5.0M |
| 13 | Beauty Salons | 6 | 1% | $276K | $5.8M |
| 14 | Gasoline Stations with Convenience Stores | 6 | 1% | $632K | $5.2M |
| 15 | Pet Care (except Veterinary) Services | 6 | 1% | $236K | $1.9M |
Massachusetts by industry
- Full-Service Restaurants 33
- Beer, Wine, and Liquor Retailers 21
- Landscaping Services 14
- Child Care Services 14
- Home Health Care Services 13
- General Automotive Repair 13
- Limited-Service Restaurants 13
- Residential Remodelers 8
- Convenience Retailers 8
- All Other Specialty Trade Contractors 7
- Offices of Certified Public Accountants 7
- All Other Professional, Scientific, and Technical Services 7
- Beauty Salons 6
- Gasoline Stations with Convenience Stores 6
- Pet Care (except Veterinary) Services 6
- Fitness and Recreational Sports Centers 6
- Services for the Elderly and Persons with Disabilities 5
- Remediation Services 5
- Plumbing, Heating, and Air-Conditioning Contractors 5
- Private Mail Centers 5
- Coin-Operated Laundries and Drycleaners 5
- Snack and Nonalcoholic Beverage Bars 5