Searching for trusted Massachusetts SBA lenders to power your business growth? Our comprehensive directory connects Massachusetts entrepreneurs with approved SBA loan providers throughout Boston, Worcester, Springfield, Cambridge and across the state. Whether you’re exploring SBA 7(a) loans, 504 loans, microloans, or disaster assistance, our list features the most active small business lenders with competitive rates and flexible terms for Massachusetts businesses. Discover which local banks, credit unions, and financial institutions participate in Small Business Administration lending programs, compare their requirements, and find the ideal financing partner to help your Massachusetts small business thrive in the Bay State’s innovation-driven economic landscape.
| Lender | City | State | Phone |
|---|---|---|---|
| Abington Bank | Abington | MA | (339) 788-0851 |
| Adams Community Bank | Adams | MA | (413) 749-1135 |
| Align Credit Union | Lowell | MA | (978) 275-2760 |
| Athol Savings Bank | Athol | MA | (978) 321-5016 |
| Avidia Bank | Westborough | MA | (978) 567-3669 |
| Bank Newport | Boston | MA | (401) 276-1630 |
| Bank of Canton | Canton | MA | (781) 830-6220 |
| BankFive | Fall River | MA | (774) 888-6315 |
| BankGloucester | Gloucester | MA | (978) 675-9954 |
| Bay State Savings | Worcester | MA | (508) 890-9059 |
| BayCoast Bank | Attleboro | MA | (508) 235-9539 |
| BDC Capital | Wakefield | MA | (781) 928-1133 |
| Berkshire Bank | Boston | MA | (781) 223-6141 |
| Bluestone Bank | Mansfield | MA | (508) 851-3678 |
| Bristol County Savings Bank | Fall River | MA | (508) 324-3685 |
| Brookline Bank | Brookline | MA | (617) 226-4451 |
| Cambridge Savings Bank | Cambridge | MA | (617) 575-8563 |
| Cambridge Trust Company | Cambridge | MA | (617) 441-1451 |
| Cape Ann Savings Bank | Gloucester | MA | (978) 282-5732 |
| Cape Cod Five Cents Savings Bank | Hyannis | MA | (508) 247-2221 |
| Central One Federal Credit Union | Shrewsbury | MA | (508) 841-0698 |
| Charles River Bank | Medway | MA | (508) 533-8661 |
| Chase | Boston | MA | (877) 425-8100 |
| Citizens Bank | Warwick | RI | (978) 314-2614 |
| Clinton Savings Bank | Clinton | MA | (978) 365-3475 |
| Clinton Savings Bank | Worcester | MA | (978) 365-3401 |
| Coastal Heritage Bank | Weymouth | MA | (781) 796-6029 |
| Cooperative Bank of Cape Cod | Hyannis | MA | (508) 568-1205 |
| Cornerstone Bank | Spencer | MA | (508) 764-0083 |
| Country Bank for Savings | Ware | MA | (413) 277-2073 |
| Customers Bank | Boston | MA | (781) 771-3919 |
| Dean Bank | Franklin | MA | (508) 528-0088 |
| Dedham Institution for Savings | Dedham | MA | (781) 320-1143 |
| Digital Federal Credit Union | Marlborough | MA | (508) 263-6769 |
| Eagle Bank | Everett | MA | (617) 394-3631 |
| East Cambridge Savings Bank | Woburn | MA | (781) 404-1207 |
| East West Bank | Newton | MA | (617) 340-8313 |
| Eastern Bank | Boston | MA | (781) 596-8068 |
| Easthampton Savings Bank | Easthampton | MA | (413) 779-2410 |
| Enterprise Bank | Westford | MA | (978) 656-5630 |
| Everett Bank | Everett | MA | (617) 381-3622 |
| Farm Credit East | Middleboro | MA | (508) 946-4455 |
| Fidelity Bank | Hingham | MA | (800) 816-9608 |
| First Citizens Federal Credit Union | Fairhaven | MA | (508) 717-6039 |
| First Priority Credit Union | East Boston | MA | (617) 482-4787 |
| Florence Bank | Florence | MA | (413) 587-1724 |
| Franklin Savings | Franklin | NH | (603) 934-8365 |
| Freedom Credit Union | Springfield | MA | (413) 355-5188 |
| GFA Federal Credit Union | Gardner | MA | (97) 869-0785 |
| Greenfield Cooperative Bank | Greenfield | MA | (877) 682-0334 |
| Greenfield Savings Bank | Greenfield | MA | (413) 775-8153 |
| Greylock Federal Credit Union | Pittsfield | MA | (413) 236-4810 |
| Hanscom Federal Credit Union | Littleton | MA | (800) 656-4328 |
| HarborOne Bank | Brockton | MA | (508) 895-1176 |
| Haverhill Bank | Haverhill | MA | (978) 556-4273 |
| Holyoke Credit Union | Holyoke | MA | (413) 532-7007 ext. 1125 |
| Homefield Credit Union | North Grafton | MA | (508) 839-5493 |
| Hometown Bank | Oxford | MA | (508) 499-1886 |
| Institution for Savings | Rowley | MA | (978) 462-3106 |
| Jeanne D’Arc Credit Union | Lowell | MA | (978) 323-3242 |
| JPMorgan Chase Bank | Boston | MA | (617) 428-2192 |
| Key Bank | W. Springfield | MA | (781) 255-6547 |
| Leader Bank | Arlington | MA | (781) 641-7546 |
| Lee Bank | Lee | MA | (413) 243-9295 |
| Lending Club | Boston | MA | (215) 375-6434 |
| Leominster Credit Union | Leominster | MA | (978) 466-7215 |
| Liberty Bay CU | Braintree | MA | (617) 439-6575 |
| Lowell Five Cent Savings Bank | Lowell | MA | (978) 441-6434 |
| LUSO Federal Credit Union | Ludlow | MA | (413) 589-9966 |
| M&T Bank | Boston | MA | (617) 292-5111 |
| Main Street Bank | Marlborough | MA | (978) 487-1471 |
| Marblehead Bank | Marblehead | MA | (781) 631-5500 |
| Martha’s Vineyard Savings Bank | Edgartown | MA | (508) 627-4697 |
| Mechanics Co-operative Bank | Taunton | MA | (508) 884-2167 |
| Merrimack Valley Credit Union | Lawrence | MA | (978) 620-2727 |
| Metro Credit Union | Chelsea | MA | (617) 488-5448 |
| Middlesex Savings Bank | Natick | MA | (508) 315-5424 |
| Milford Federal Savings & Loan Association | Milford | MA | (508) 381-5266 |
| Millbury Federal Credit Union | Millbury | MA | (508) 865-8712 |
| Millbury National Bank | Millbury | MA | (508) 865-9521 |
| Monson Savings Bank | Monson | MA | (413) 267-1205 |
| MountainOne Bank | North Adams | MA | (413) 663-2189 |
| MutualOne Bank | Framingham | MA | (508) 532-8364 |
| NBT Bank | Pittsfield | MA | (413) 448-6162 ext. 101 |
| Needham Bank | Needham | MA | (781) 474-5953 |
| New Valley Bank & Trust | Springfield | MA | (413) 707-1634 |
| Newburyport Five Cents Savings Bank | Newburyport | MA | (978) 225-8740 |
| North Brookfield Savings Bank | North Brookfield | MA | (508) 867-0732 |
| North Easton Savings Bank | South Easton | MA | (781) 524-5044 |
| North Shore Bank | Peabody | MA | (978) 538-7052 |
| NorthEast Community Bank | Danvers | MA | (978) 716-3225 |
| Northern Bank & Trust Company | Woburn | MA | (781) 404-1935 |
| Northmark Bank | Andover | MA | (978) 475-5000 |
| Norwood Bank | Norwood | MA | (781) 440-4272 |
| Numerated | Boston | MA | (857) 254-4193 |
| OneUnited Bank | Boston | MA | (617) 457-4400 |
| Pentucket Bank | Haverhill | MA | (978) 984-6339 |
| PeoplesBank | Holyoke | MA | (413) 493-8697 |
| Pittsfield Cooperative Bank | Pittsfield | MA | (413) 447-7304 |
| Provident Bank | Amesbury | MA | (978) 834-8561 |
| Reading Cooperative Bank | Reading | MA | (781) 670-1555 |
| River Works Credit Union | Lynn | MA | (339) 883-9218 |
| Rockland Federal Credit Union | Rockland | MA | (800) 562-7328 |
| Rockland Trust | Hanover | MA | (508) 748-5948 |
| Rollstone Bank & Trust | Fitchburg | MA | (978) 343-2168 |
| RTN Federal Credit Union | Waltham | MA | (781) 736-9984 |
| Salem Five Cents Savings Bank | Salem | MA | (978) 720-5260 |
| Salisbury Bank & Trust | Great Barrington | MA | (860) 596-2470 |
| Santander Bank | Boston | MA | (401) 276-1630 |
| Savers Bank | Southbridge | MA | (508) 765-7389 |
| SCU Credit Union | Sharon | MA | (508) 408-6328 |
| Seamen’s Bank | Provincetown | MA | (774) 538-3829 |
| Sharon & Crescent United Credi | t UnionBrockton | MA | (508) 408-6322 |
| Silicon Valley Bank | Boston | MA | (617) 912-4252 |
| South Shore Bank | South Weymouth | MA | (781) 682-3283 |
| St Jean’s Credit Union | Salem | MA | (781) 592-5420 |
| St. Anne’s Credit Union of Fall River | Fall River | MA | (508) 324-7362 |
| St. Mary’s Credit Union | Marlborough | MA | (508) 490-6779 |
| Stoneham Bank | Stoneham | MA | (781) 481-5926 |
| Taunton FCU | Taunton | MA | (508) 802-6493 |
| TD Bank | Boston | MA | (508) 368-6940 |
| The Cooperative Bank | Roslindale | MA | (857) 203-9509 |
| The Savings Bank | Wakefield | MA | (781) 486-5309 |
| UmassFive College FCU | Hadley | MA | (413) 256-5560 |
| UniBank for Savings | Worcester | MA | (508) 849-4346 |
| Village Bank | Auburndale | MA | (617) 340-1209 |
| Walpole Co-Operative Bank | Walpole | MA | (508) 660-6549 |
| Washington Savings Bank | Dracut | MA | (978) 569-1505 |
| Webster Bank | Quincy | MA | (617) 416-6567 |
| Webster First Federal Credit Union | Worcester | MA | (800) 962-4452 |
| Webster Five | Worcester | MA | (508) 438-4736 |
| Wells Fargo & Company | Boston | MA | (857) 504-2403 |
| Westfield Bank | Westfield | MA | (413) 564-2611 |
| Winchester Savings Bank | Winchester | MA | (781) 729-2130 |
| Winter Hill Bank | Somerville | MA | (617) 629-3333 |
| Workers’ Credit Union | Fitchburg | MA | (978) 353-7178 |
Frequently Asked Questions
Q: What are SBA loans and how do they work in Massachusetts?
A: SBA loans are government-backed loans provided through approved lenders in Massachusetts. The Small Business Administration guarantees a portion of the loan, reducing risk for lenders and allowing them to offer more favorable terms to Massachusetts small businesses. The lender provides the funds while the SBA guarantees repayment up to a certain percentage, typically 75-85% depending on the program. This structure enables Massachusetts entrepreneurs to access capital with lower down payments, longer repayment terms, and competitive interest rates compared to conventional business loans.
Q: What types of SBA loans are available to Massachusetts businesses?
A: Massachusetts businesses can access various SBA loan programs including:
- SBA 7(a) loans: The most common program for general business purposes with loans up to $5 million
- SBA 504 loans: For major fixed asset purchases like real estate or equipment
- SBA Microloans: Smaller loans up to $50,000 for startups and smaller businesses
- SBA Express loans: Faster approval process with loans up to $500,000
- SBA Disaster loans: Special assistance for businesses affected by declared disasters
Q: What are the minimum requirements to qualify for an SBA loan in Massachusetts?
A: To qualify for an SBA loan in Massachusetts, businesses typically need:
- For-profit operation based in Massachusetts
- Owner-occupied (not primarily for investment)
- Good personal credit (typically 650+ FICO score)
- Sufficient cash flow to support loan payments
- No recent bankruptcies, foreclosures, or defaults on government loans
- Reasonable owner equity investment (typically 10-30% depending on the program)
- Operating history of at least 2 years (though some lenders work with startups)
Q: How do Massachusetts SBA lenders support businesses in the innovation and technology sectors?
A: Massachusetts’ world-renowned innovation ecosystem has created specialized SBA lending expertise for technology companies. Several Massachusetts lenders have developed industry-specific loan packages designed for biotech firms, software developers, cleantech innovators, robotics companies, and digital health startups. These lenders understand the unique capital needs and growth trajectories of technology businesses and can structure loans accordingly. Some Massachusetts SBA lenders coordinate with organizations like MassTech, MassChallenge, and the Massachusetts Biotechnology Council to provide comprehensive support. These specialized lending programs have helped bridge funding gaps for growth-stage technology companies that have progressed beyond venture capital but need expansion capital, with particular attention to businesses commercializing research from the state’s prestigious universities and research institutions that form the backbone of the Massachusetts innovation economy.
Q: Are there special SBA loan programs for Massachusetts’ life sciences and healthcare businesses?
A: Yes, Massachusetts’ position as a global life sciences leader has influenced local SBA lending practices. Several Massachusetts lenders offer tailored loan packages for biotech companies, medical device manufacturers, contract research organizations, diagnostic laboratories, and healthcare service providers. These lenders understand the regulatory environment and capital-intensive nature of life sciences development and can structure loans for equipment, facilities, and growth capital needs. Some Massachusetts SBA lenders coordinate with organizations like the Massachusetts Life Sciences Center and MassBIO to help businesses access both financing and industry support. These specialized programs have strengthened Massachusetts’ competitive advantage in life sciences by financing the ecosystem of businesses that complement major research institutions and pharmaceutical companies, with particular attention to helping promising innovations bridge the “valley of death” between research funding and commercial viability.
Q: How do Massachusetts SBA lenders help businesses in the advanced manufacturing sector?
A: Massachusetts’ evolution toward advanced manufacturing has created specialized lending expertise for production businesses. Several Massachusetts SBA lenders offer industry-specific loan packages designed for precision manufacturers, electronics producers, medical device fabricators, and other specialized manufacturing operations. These lenders understand the capital-intensive nature of modern manufacturing and can structure loans for equipment, facilities, and technology adoption. Some Massachusetts lenders coordinate with organizations like MassMEP (Manufacturing Extension Partnership) and regional economic development agencies to provide comprehensive support. These specialized lending programs have helped revitalize Massachusetts’ manufacturing heritage by financing the transition to advanced production technologies, with particular attention to businesses developing high-precision components for the state’s thriving aerospace, defense, medical device, and electronics industries that require sophisticated manufacturing capabilities.
Q: Can cleantech and renewable energy businesses in Massachusetts access specialized SBA financing?
A: Yes, Massachusetts’ leadership in clean energy benefits from specialized SBA lending expertise. Several Massachusetts lenders offer tailored loan packages for solar installers, energy efficiency contractors, clean transportation companies, and environmental technology firms. These lenders understand the policy environment and incentive structures that influence clean energy economics and can structure loans accordingly. Some Massachusetts SBA lenders coordinate with organizations like the Massachusetts Clean Energy Center and regional green business networks to provide comprehensive support. These specialized programs align with Massachusetts’ ambitious climate goals by financing businesses that are implementing the state’s clean energy transition, with particular attention to companies developing innovative solutions for building decarbonization, grid modernization, and resilient energy systems that address the unique challenges of New England’s energy landscape.
Q: How do Massachusetts SBA lenders support businesses in Gateway Cities and underserved communities?
A: Massachusetts’ commitment to inclusive economic development has influenced local SBA lending practices. Several Massachusetts SBA lenders have developed specialized programs focused on expanding capital access in Gateway Cities like Lawrence, New Bedford, Springfield, and Worcester. These lenders often coordinate with organizations like the Massachusetts Growth Capital Corporation, community development corporations, and local economic development agencies to provide comprehensive support. Some Massachusetts lenders participate in the SBA Community Advantage program, focusing specifically on underserved markets. These specialized lending programs align with Massachusetts’ efforts to spread innovation economy benefits beyond Greater Boston by providing multilingual services, cultural competency, and flexible underwriting that recognizes the unique assets and challenges of the state’s diverse communities while leveraging their entrepreneurial potential.
Q: Are there specialized SBA loan programs for Massachusetts’ creative economy businesses?
A: Yes, Massachusetts’ vibrant creative sector benefits from specialized SBA lending expertise. Several Massachusetts lenders offer tailored loan packages for design firms, marketing agencies, digital media companies, artisan manufacturers, and cultural institutions. These lenders understand the project-based nature of many creative businesses and can structure loans to accommodate irregular revenue patterns. Some Massachusetts SBA lenders coordinate with organizations like the Creative Economy Council and the Massachusetts Cultural Council to help businesses access both financing and industry support. These specialized programs have strengthened Massachusetts’ creative economy by financing businesses that blend artistic vision with commercial viability, with particular attention to creative enterprises in communities like Lowell, Pittsfield, and Boston’s Seaport District that have leveraged arts and culture as economic development catalysts while preserving the state’s rich cultural heritage and fostering contemporary creative expression.
Q: What other resources are available for SBA loans?
A: Other resources provided by Bigger Bottom Line include:
Q: How do I get assistance in getting an SBA or other business loan?
A: Contact the experts! We can assist from advising which lenders to submit to all the way through to developing & submitting a complete business loan package and anything in between. Contact us now for a free evaluation.