SBA business acquisition loans in Massachusetts
386 SBA 7(a) change-of-ownership loans totaling $361.1M in FY2024 to FY2026, median $500K, from 71 lenders.
League table
National rankings Top lenders
Top 25 by number of loans, FY2024 to FY2026
| Rank | Lender | Loans | Dollars | Median | FY24–26 trend |
|---|---|---|---|---|---|
| 1 | Rockland Trust CompanyRockland, MA | 85 | $48.3M | $270K | −59% |
| 2 | Live Oak Banking CompanyWilmington, NC | 42 | $54.1M | $950K | −7% |
| 3 | Huntington National BankColumbus, OH | 27 | $26.6M | $350K | +200% |
| 4 | Santander BankWilmington, DE | 18 | $9.9M | $368K | +500% |
| 5 | Eastern BankBoston, MA | 15 | $7.5M | $350K | +133% |
| 6 | Beacon Bank and TrustBoston, MA | 13 | $37.9M | $2.8M | −20% |
| 7 | M&T BankBuffalo, NY | 11 | $4.6M | $382K | +600% |
| 8 | United Midwest Savings BankDegraff, OH | 10 | $9.8M | $817K | +200% |
| 9 | Northwest Bank (Warren, PA)Warren, PA | 8 | $10.9M | $904K | new |
| 9 | Byline BankChicago, IL | 8 | $9.4M | $860K | +100% |
| 11 | Truliant FCUWinston-Salem, NC | 7 | $9.7M | $1.1M | new |
| 11 | Cape and Coast BankYarmouth Port, MA | 7 | $5.3M | $788K | −33% |
| 11 | Customers BankMalvern, PA | 7 | $3.8M | $292K | +300% |
| 11 | Salem Five Cents Savings BankSalem, MA | 7 | $2.7M | $200K | −67% |
| 15 | Florence BankFlorence, MA | 6 | $4.9M | $290K | +50% |
| 16 | Leader BankArlington, MA | 5 | $7.2M | $1.0M | −50% |
| 16 | Newtek BankMiami, FL | 5 | $2.6M | $175K | +200% |
| 18 | PathwardSioux Falls, SD | 4 | $9.1M | $2.5M | +200% |
| 18 | First Bank of the LakeOsage Beach, MO | 4 | $5.0M | $1.1M | new |
| 18 | First Internet Bank of IndianaFishers, IN | 4 | $3.8M | $782K | +200% |
| 18 | TruNorth BankEasthampton, MA | 4 | $3.8M | $926K | +0% |
| 18 | First National Bank of PennsylvaniaGreenville, PA | 4 | $3.4M | $825K | −100% |
| 18 | Citizens Bank (Providence, RI)Providence, RI | 4 | $2.3M | $528K | +0% |
| 24 | Northern Bank and Trust CompanyWoburn, MA | 3 | $7.1M | $2.3M | +0% |
| 24 | ReadyCap LendingBerkeley Heights, NJ | 3 | $4.9M | $1.8M | new |
Ranked by number of loans; ties broken by dollars. Bars are scaled to the leader. Trend: loans per fiscal year, FY2024 to FY2026, with the change from FY2024 to FY2026.
Loan size
Deal size mix
- Under $350K160 loans · 41% · $26.1M
- $350K to $1M105 loans · 27% · $68.6M
- $1M to $2M70 loans · 18% · $99.5M
- $2M to $5M51 loans · 13% · $166.9M
Volume
By fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2024 | 115 | $89.5M |
| FY2025 | 135 | $131.8M |
| FY2026 | 136 | $139.8M |
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