26 SBA loans worth $10.8M went to businesses in Reading, MA between October 2021 and June 2026, from 12 lenders. Eastern Bank made the most, 11 loans. The median loan was $205,500, 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 | 11 | $2.0M | $100,000 | 18% |
| 2 | Rockland Trust Bank · Rockland, MA | 4 | $985K | $280,000 | 50% |
| 3 | Bay Colony Development Certified development company · Waltham, MA | 2 | $5.9M | $2,939,500 | 0% |
| 4 | Live Oak Banking Bank · Wilmington, NC | 1 | $445K | $445,000 | 100% |
| 5 | Salem Five Cents Savings Bank Bank · Salem, MA | 1 | $300K | $300,000 | 0% |
| 6 | Northern Bank and Trust Bank · Woburn, MA | 1 | $250K | $250,000 | 100% |
| 7 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $238K | $237,600 | 100% |
| 8 | Granite State Economic Development Certified development company · Portsmouth, NH | 1 | $211K | $211,000 | 100% |
| 9 | Hanscom FCU Credit union · Hanscom Air Force Base, MA | 1 | $180K | $180,000 | 100% |
| 10 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $120K | $120,000 | 100% |
| 11 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 1 | $103K | $102,700 | 0% |
| 12 | Savings Bank Bank · Wakefield, MA | 1 | $60K | $60,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 6 | $218,800 | Eastern Bank | |
| Retail | 5 | $60,000 | Eastern Bank | |
| Arts, entertainment and recreation | 4 | $230,000 | Rockland Trust | |
| Restaurants and hotels | 2 | $75,000 | Eastern Bank | |
| Health care and social assistance | 2 | $472,500 | Live Oak Banking | |
| Finance and insurance | 2 | $171,250 | Eastern Bank | |
| Other services (repair, personal care) | 2 | $280,500 | Granite State Economic Development | |
| Administrative and support services | 1 | $120,000 | United Midwest Savings Bank |