82 SBA loans worth $34.7M went to businesses in North Andover, MA between October 2021 and June 2026, from 20 lenders. Eastern Bank made the most, 18 loans. The median loan was $200,000, compared with $145,000 across Massachusetts, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Eastern Bank Bank · Boston, MA | 18 | $3.5M | $110,000 | 6% |
| 2 | Salem Five Cents Savings Bank Bank · Salem, MA | 12 | $1.6M | $125,000 | 0% |
| 3 | TD Bank Bank · Wilmington, DE | 7 | $493K | $25,000 | 29% |
| 4 | Granite State Economic Development Certified development company · Portsmouth, NH | 6 | $9.9M | $1,146,000 | 0% |
| 5 | Bay Colony Development Certified development company · Waltham, MA | 6 | $8.0M | $1,063,500 | 17% |
| 6 | Rockland Trust Bank · Rockland, MA | 5 | $825K | $150,000 | 0% |
| 7 | Manufacturers and Traders Trust Bank · Buffalo, NY | 5 | $460K | $80,000 | 60% |
| 8 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 4 | $1.3M | $350,000 | 0% |
| 9 | Needham Bank Bank · Needham, MA | 3 | $1.0M | $200,000 | 0% |
| 10 | New England Certified Development Certified development company · Wakefield, MA | 2 | $2.7M | $1,356,500 | 0% |
| 11 | Lowell Five Cent Savings Bank Bank · Tewksbury, MA | 2 | $850K | $425,000 | 50% |
| 12 | JPMorgan Chase Bank Bank · Columbus, OH | 2 | $650K | $325,000 | 0% |
| 13 | Huntington National Bank Bank · Columbus, OH | 2 | $620K | $310,000 | 100% |
| 14 | Service FCU Credit union · Portsmouth, NH | 2 | $276K | $138,100 | 0% |
| 15 | Pentucket Bank Bank · Haverhill, MA | 1 | $2.0M | $2,000,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 17 | $100,000 | Salem Five Cents Savings Bank | |
| Other services (repair, personal care) | 12 | $60,000 | Eastern Bank | |
| Construction | 11 | $200,000 | Bay Colony Development | |
| Professional and technical services | 9 | $200,000 | TD Bank | |
| Arts, entertainment and recreation | 7 | $350,000 | Granite State Economic Development | |
| Administrative and support services | 6 | $287,500 | Service FCU | |
| Restaurants and hotels | 6 | $177,500 | Rockland Trust | |
| Manufacturing | 5 | $500,000 | Granite State Economic Development |