118 SBA loans worth $35.9M went to businesses in Beverly, MA between October 2021 and June 2026, from 29 lenders. Salem Five Cents Savings Bank made the most, 19 loans. The median loan was $150,000, compared with $145,000 across Massachusetts, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Salem Five Cents Savings Bank Bank · Salem, MA | 19 | $4.4M | $175,000 | 21% |
| 2 | Eastern Bank Bank · Boston, MA | 17 | $1.4M | $100,000 | 24% |
| 3 | Manufacturers and Traders Trust Bank · Buffalo, NY | 12 | $1.4M | $67,500 | 67% |
| 4 | Bay Colony Development Certified development company · Waltham, MA | 9 | $6.0M | $494,000 | 0% |
| 5 | TruNorth Bank Bank · Peabody, MA | 9 | $2.4M | $200,000 | 33% |
| 6 | TD Bank Bank · Wilmington, DE | 6 | $5.3M | $25,000 | 50% |
| 7 | Beacon Bank and Trust Bank · Boston, MA | 6 | $1.2M | $112,500 | 17% |
| 8 | Rockland Trust Bank · Rockland, MA | 6 | $1.1M | $131,000 | 0% |
| 9 | Granite State Economic Development Certified development company · Portsmouth, NH | 4 | $2.8M | $550,500 | 0% |
| 10 | BankGloucester Bank · Gloucester, MA | 4 | $700K | $100,000 | 0% |
| 11 | Webster Bank Bank · Stamford, CT | 3 | $1.2M | $320,000 | 0% |
| 12 | Northeast Bank Bank · Portland, ME | 3 | $368K | $87,500 | 0% |
| 13 | New England Certified Development Certified development company · Wakefield, MA | 2 | $3.0M | $1,504,000 | 0% |
| 14 | Newburyport Five Cents Savings Bank Bank · Newburyport, MA | 2 | $240K | $120,000 | 100% |
| 15 | Leader Bank Bank · Arlington, MA | 2 | $125K | $62,500 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 21 | $158,000 | Rockland Trust | |
| Health care and social assistance | 17 | $200,000 | Eastern Bank | |
| Professional and technical services | 16 | $120,000 | Eastern Bank | |
| Construction | 15 | $100,000 | Manufacturers and Traders Trust | |
| Manufacturing | 10 | $225,000 | Beacon Bank and Trust | |
| Other services (repair, personal care) | 9 | $494,000 | Bay Colony Development | |
| Retail | 7 | $100,000 | Manufacturers and Traders Trust | |
| Administrative and support services | 6 | $140,500 | Salem Five Cents Savings Bank |