SBA Loans for Electrical Contractors in Massachusetts: Top Lenders
NAICS 238NAICS 238 covers electrical contractors businesses in Massachusetts. Based on historical SBA 7(a) lending data.
Total Approvals
229
in Massachusetts
Median Loan Size
$95,000
per approval
Recent Activity
20
last 90 days through Nov 2025
NAICS 238 covers electrical contractors businesses. This is a moderately active sector for SBA 7(a) lending with 229 approvals and a median loan size of $95,000.
Key trends & insights
- Electrical Contractors in Massachusetts lending is concentrated — Eastern Bank, TD Bank, National Association, St. Mary's CU together account for 56% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Eastern Bank leads this industry with 51 approvals (26% market share) and a median loan of $90,000.
- Electrical Contractors in Massachusetts loans skew smaller than the SBA average at $95,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Electrical Contractors in Massachusetts
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 51 | $90,000 | |
| 2 | 40 | $100,000 | |
| 3 | 19 | $36,900 | |
| 4 | 12 | $222,500 | |
| 5 | 8 | $40,500 | |
| 6 | 8 | $50,000 | |
| 7 | 7 | $150,000 | |
| 8 | 6 | $112,500 | |
| 9 | 6 | $47,750 | |
| 10 | 5 | $100,000 | |
| 11 | 4 | $401,000 | |
| 12 | 4 | $38,800 | |
| 13 | 4 | $99,150 | |
| 14 | 4 | $450,000 | |
| 15 | 3 | $149,000 | |
| 16 | 3 | $150,000 | |
| 17 | 3 | $50,000 | |
| 18 | 3 | $255,000 | |
| 19 | 3 | $100,000 | |
| 20 | 2 | $52,500 |
Recent SBA 7(a) approvals for Electrical Contractors in Massachusetts
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-11 | New Valley Bank & Trust | New*****nc. | LONGMEADOW, MA | $75,000 |
| 2025-11 | Eastern Bank | Leo*****Inc | LEOMINSTER, MA | $100,000 |
| 2025-11 | First Bank of the Lake | Air*****LLC | CONCORD, MA | $1,688,000 |
| 2025-11 | Eastern Bank | A-Z*****INC | OAK BLUFFS, MA | $99,900 |
| 2025-11 | Eastern Bank | CAM*****INC | OSTERVILLE, MA | $54,000 |
| 2025-11 | United Midwest Savings Bank National Association | TRA*****LLC | STONEHAM, MA | $150,000 |
| 2025-11 | Manufacturers and Traders Trust Company | Eas*****INC | LOWELL, MA | $150,000 |
| 2025-11 | Manufacturers and Traders Trust Company | Blu*****LLC | AMESBURY, MA | $5,000 |
| 2025-08 | Bristol County Savings Bank | ARM*****LLC | LAKEVILLE, MA | $45,500 |
| 2025-08 | Eastern Bank | RAV*****LLC | ROCKLAND, MA | $50,000 |
| 2025-08 | TD Bank, National Association | JG *****orp | FRAMINGHAM, MA | $25,000 |
| 2025-08 | Eastern Bank | GFM*****nc. | South Dennis, MA | $1,000,000 |
| 2025-08 | Santander Bank, National Association | BIL*****LLC | NORTH ANDOVER, MA | $27,000 |
| 2025-08 | TD Bank, National Association | Squ*****Inc | DUDLEY, MA | $100,000 |
| 2025-08 | CenTrust Bank, A Division of SmartBiz Bank National Associat | HAJ*****EMO | METHUEN, MA | $150,000 |
| 2025-07 | Bank of America, National Association | GDK*****nc. | SUDBURY, MA | $150,000 |
| 2025-06 | Bank of America, National Association | 323*****LLC | SUDBURY, MA | $150,000 |
| 2025-06 | Eastern Bank | NOR*****NC. | LYNN, MA | $99,000 |
| 2025-06 | Eastern Bank | STR*****INC | MARSHFIELD, MA | $50,000 |
| 2025-06 | TD Bank, National Association | EVM*****nc. | LEOMINSTER, MA | $25,000 |
| 2025-05 | Brookline Bank, a Division of Beacon Bank and Trust | A-1*****ANY | UXBRIDGE, MA | $4,500,000 |
| 2025-05 | The Cape Cod Five Cents Savings Bank | Sen*****Inc | WEST YARMOUTH, MA | $50,000 |
| 2025-05 | United Midwest Savings Bank National Association | LAI*****tro | Stoughton, MA | $255,000 |
| 2025-05 | Leader Bank, National Association | All*****nc. | CANTON, MA | $500,000 |
| 2025-05 | PeoplesBank | JCa*****INC | Williamsburg, MA | $31,700 |
| 2025-05 | South Shore Bank | PLA*****NC. | HOLBROOK, MA | $194,000 |
| 2025-05 | BayFirst National Bank | R M*****Inc | FRAMINGHAM, MA | $88,000 |
| 2025-04 | Salem Five Cents Savings Bank | JSD*****LLC | LOWELL, MA | $75,000 |
| 2025-04 | Santander Bank, National Association | QUA*****LLC | LYNNFIELD, MA | $54,000 |
| 2025-03 | Salem Five Cents Savings Bank | PIC*****LLC | NEWTON HIGHLANDS, MA | $300,000 |
| 2025-03 | Eastern Bank | HU****VAC | CHESTNUT HILL, MA | $100,000 |
| 2025-03 | BayCoast Bank | Dec*****LLC | SWANSEA, MA | $50,000 |
| 2025-03 | Rockland Trust Company | DHC*****rp. | WEYMOUTH, MA | $500,000 |
| 2025-03 | KeyBank National Association | Bat*****nc. | Springfield, MA | $499,500 |
| 2025-03 | Rockland Trust Company | MUL*****ORP | TEWKSBURY, MA | $200,000 |
| 2025-03 | Leader Bank, National Association | Fen****nc. | WALTHAM, MA | $400,000 |
| 2025-03 | Santander Bank, National Association | C &*****INC | ABINGTON, MA | $100,000 |
| 2025-03 | Manufacturers and Traders Trust Company | RIG*****NC. | NORTHAMPTON, MA | $5,000 |
| 2025-03 | TD Bank, National Association | Ath*****nc. | WORCESTER, MA | $135,000 |
| 2025-02 | TD Bank, National Association | Cap*****nc. | HAVERHILL, MA | $100,000 |
| 2025-02 | Manufacturers and Traders Trust Company | Lan*****nis | MIDDLETON, MA | $50,000 |
| 2025-02 | Northeast Bank | GC *****INC | Revere, MA | $212,600 |
| 2025-02 | TD Bank, National Association | Fly*****LLC | NORWELL, MA | $70,000 |
| 2025-02 | Northeast Bank | Byf*****LLC | Yarmouth, MA | $48,300 |
| 2025-02 | Bristol County Savings Bank | CAM*****LLC | ATTLEBORO, MA | $25,000 |
| 2025-02 | Readycap Lending, LLC | Hil*****ces | Cummington, MA | $50,000 |
| 2025-02 | Santander Bank, National Association | JAM*****LLC | BRAINTREE, MA | $20,000 |
| 2025-02 | TD Bank, National Association | Tha*****Inc | FITCHBURG, MA | $25,000 |
| 2025-02 | Northeast Bank | AME*****LLC | North Dartmouth, MA | $20,000 |
| 2025-01 | Eastern Bank | COL*****INC | EVERETT, MA | $100,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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