31 SBA loans worth $4.9M went to businesses in Chelsea, MA between October 2021 and June 2026, from 15 lenders. Eastern Bank made the most, 10 loans. The median loan was $150,000, compared with $145,000 across Massachusetts, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Eastern Bank Bank · Boston, MA | 10 | $1.1M | $50,000 | 0% |
| 2 | TD Bank Bank · Wilmington, DE | 3 | $547K | $247,400 | 0% |
| 3 | Manufacturers and Traders Trust Bank · Buffalo, NY | 3 | $165K | $65,000 | 0% |
| 4 | Newtek Bank Bank · Miami, FL | 2 | $325K | $162,500 | 0% |
| 5 | Santander Bank Bank · Wilmington, DE | 2 | $200K | $100,000 | 0% |
| 6 | Needham Bank Bank · Needham, MA | 2 | $25K | $12,500 | 0% |
| 7 | Granite State Economic Development Certified development company · Portsmouth, NH | 1 | $711K | $711,000 | 0% |
| 8 | Bay Colony Development Certified development company · Waltham, MA | 1 | $407K | $407,000 | 0% |
| 9 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $304K | $303,500 | 0% |
| 10 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 1 | $300K | $300,000 | 0% |
| 11 | Leader Bank Bank · Arlington, MA | 1 | $200K | $200,000 | 0% |
| 12 | Northeast Bank Bank · Portland, ME | 1 | $150K | $150,000 | 0% |
| 13 | Celtic Bank Bank · Salt Lake City, UT | 1 | $150K | $150,000 | 0% |
| 14 | JPMorgan Chase Bank Bank · Columbus, OH | 1 | $150K | $150,000 | 0% |
| 15 | Rockland Trust Bank · Rockland, MA | 1 | $150K | $150,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 9 | $70,000 | Eastern Bank | |
| Restaurants and hotels | 5 | $100,000 | Santander Bank | |
| Retail | 4 | $82,500 | Needham Bank | |
| Administrative and support services | 2 | $24,000 | Eastern Bank | |
| Information and media | 2 | $50,000 | Eastern Bank | |
| Manufacturing | 2 | $430,500 | Granite State Economic Development | |
| Transportation and warehousing | 2 | $175,000 | Eastern Bank | |
| Professional and technical services | 2 | $328,500 | Bay Colony Development |