Top SBA Acquisition Lenders in Massachusetts
43 active SBA 7(a) lenders in Massachusetts, ranked by acquisition loan count.
Lenders
in Massachusetts
Total Volume
Median Rate
Median Loan Size
Top Lenders in Massachusetts
Lending by Industry in Massachusetts
Covers the 64 of 129 Massachusetts loans that the FOIA dataset reports at the state and industry level.
Top 25 Lenders in Massachusetts
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Massachusetts has 43 active SBA 7(a) acquisition lenders that have originated a combined 129 loans totaling $151.6M in volume. The median acquisition loan size in Massachusetts is $900K, with a median interest rate of Prime + 2.25% (Prime + spread).
When evaluating SBA lenders in Massachusetts, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Massachusetts?
There are currently 43 active SBA 7(a) lenders in Massachusetts based on FOIA lending data. These lenders have originated 129 acquisition loans.
What is the typical SBA loan rate in Massachusetts?
The median SBA 7(a) acquisition loan rate in Massachusetts is Prime + 2.25% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.