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Eastern Bank is a Boston-based financial institution founded in 1818 as Salem Savings Bank. The institution evolved from a modest savings bank to Greater Boston's leading local bank and was the oldest and largest mutual bank in the United States prior to its 2020 conversion to a publicly traded corporation.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
low activity
As Of March 31, 2026
Median
$675K
Average
$873K
Sweet Spot
$0-$500K
Industries with highest loan volume
Full-Service Restaurants
6
loans
$841K
avg. amount
Full-Service Restaurants
Loans
6
Avg. Amount
$841K
General Automotive Repair
4
loans
$630K
avg. amount
General Automotive Repair
Loans
4
Avg. Amount
$630K
Plumbing, Heating, and Air-Conditioning Contractors
2
loans
$1.4M
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
Loans
2
Avg. Amount
$1.4M
Limited-Service Restaurants
2
loans
$461K
avg. amount
Limited-Service Restaurants
Loans
2
Avg. Amount
$461K
All Other Amusement and Recreation Industries
1
loans
$269K
avg. amount
All Other Amusement and Recreation Industries
Loans
1
Avg. Amount
$269K
Beer, Wine, and Liquor Retailers
1
loans
$2.5M
avg. amount
Beer, Wine, and Liquor Retailers
Loans
1
Avg. Amount
$2.5M
Gasoline Stations with Convenience Stores
1
loans
$617K
avg. amount
Gasoline Stations with Convenience Stores
Loans
1
Avg. Amount
$617K
Roofing Contractors
1
loans
$1.2M
avg. amount
Roofing Contractors
Loans
1
Avg. Amount
$1.2M
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $2M-$3M | Prime + 2.00% |
Spread over Prime at time of loan origination
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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