Eastern Bank approved 1,580 SBA loans worth $245.9M between October 2021 and June 2026, ranking #29 of 2,283 SBA lenders nationally by loan count. Its median loan was $75,000, and 16% went to startups or businesses under two years old. It lent in 4 states, most often in Massachusetts, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Massachusetts | 1,397 | $206.7M | $75,000 | #1 |
| New Hampshire | 102 | $16.5M | $80,000 | #5 |
| Rhode Island | 77 | $21.3M | $150,000 | #5 |
| Maine | 4 | $1.4M | $95,500 | #34 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 312 | $99,450 | |
| Professional and technical services | 216 | $50,000 | |
| Retail | 191 | $62,000 | |
| Other services (repair, personal care) | 170 | $68,750 | |
| Administrative and support services | 147 | $50,000 | |
| Health care and social assistance | 134 | $75,000 | |
| Restaurants and hotels | 130 | $100,000 | |
| Wholesale trade | 66 | $79,650 | |
| Manufacturing | 56 | $135,000 | |
| Real estate and rental | 32 | $137,500 |