72 SBA loans worth $25.9M went to businesses in Danvers, MA between October 2021 and June 2026, from 20 lenders. Eastern Bank made the most, 15 loans. The median loan was $146,300, compared with $145,000 across Massachusetts, and other services (repair, personal care) was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Eastern Bank Bank · Boston, MA | 15 | $2.5M | $125,000 | 33% |
| 2 | Salem Five Cents Savings Bank Bank · Salem, MA | 12 | $4.7M | $127,200 | 25% |
| 3 | Manufacturers and Traders Trust Bank · Buffalo, NY | 9 | $1.9M | $70,000 | 33% |
| 4 | Bay Colony Development Certified development company · Waltham, MA | 6 | $3.4M | $579,500 | 0% |
| 5 | TD Bank Bank · Wilmington, DE | 5 | $240K | $50,000 | 0% |
| 6 | New England Certified Development Certified development company · Wakefield, MA | 3 | $2.5M | $550,000 | 0% |
| 7 | TruNorth Bank Bank · Peabody, MA | 3 | $1.1M | $275,000 | 33% |
| 8 | Beacon Bank and Trust Bank · Boston, MA | 3 | $160K | $60,000 | 67% |
| 9 | VelocitySBA Non-bank lender · Irving, TX | 2 | $1.0M | $524,000 | 100% |
| 10 | Huntington National Bank Bank · Columbus, OH | 2 | $464K | $232,000 | 100% |
| 11 | Bank of America Bank · Charlotte, NC | 2 | $418K | $209,000 | 0% |
| 12 | BankGloucester Bank · Gloucester, MA | 2 | $260K | $130,000 | 0% |
| 13 | Northwest Bank Bank · Warren, PA | 1 | $5.0M | $5,000,000 | 0% |
| 14 | Live Oak Banking Bank · Wilmington, NC | 1 | $600K | $600,000 | 100% |
| 15 | Bank of Houston Bank · Houston, MO | 1 | $540K | $540,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Other services (repair, personal care) | 11 | $439,000 | Huntington National Bank | |
| Professional and technical services | 11 | $100,000 | Eastern Bank | |
| Construction | 10 | $100,000 | Eastern Bank | |
| Restaurants and hotels | 10 | $143,000 | Manufacturers and Traders Trust | |
| Health care and social assistance | 9 | $350,000 | Salem Five Cents Savings Bank | |
| Retail | 6 | $142,500 | BankGloucester | |
| Wholesale trade | 6 | $127,200 | Salem Five Cents Savings Bank | |
| Administrative and support services | 4 | $47,500 | Eastern Bank |