SBA Loans for Electrical Contractors in Massachusetts: Top Lenders
NAICS 238NAICS 238 covers flooring 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 flooring 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 |
|---|---|---|---|---|
| 2025-12 | United Midwest Savings Bank National Association | SOU*****LLC | Hull, MA | $250,000 |
| 2025-12 | Eastern Bank | TOR*****INC | SAUGUS, MA | $50,000 |
| 2025-12 | Eastern Bank | NEW*****LLC | LINCOLN, MA | $100,000 |
| 2025-12 | Newtek Bank, National Association | DL *****Inc | Peabody, MA | $25,000 |
| 2025-11 | South Shore Bank | CUR*****INC | BRAINTREE, MA | $42,300 |
| 2025-11 | Manufacturers and Traders Trust Company | PIO*****LLC | LONGMEADOW, MA | $65,000 |
| 2025-11 | Santander Bank, National Association | DeC*****nc. | HARWICH PORT, MA | $50,000 |
| 2025-11 | First Bank of the Lake | Air*****LLC | CONCORD, MA | $1,688,000 |
| 2025-11 | New Valley Bank & Trust | New*****nc. | LONGMEADOW, MA | $75,000 |
| 2025-11 | Eastern Bank | Leo*****Inc | LEOMINSTER, MA | $100,000 |
| 2025-11 | Eastern Bank | A-Z*****INC | OAK BLUFFS, MA | $99,900 |
| 2025-11 | Manufacturers and Traders Trust Company | Eas*****INC | LOWELL, MA | $150,000 |
| 2025-11 | United Midwest Savings Bank National Association | TRA*****LLC | STONEHAM, MA | $150,000 |
| 2025-11 | Eastern Bank | CAM*****INC | OSTERVILLE, MA | $54,000 |
| 2025-11 | Manufacturers and Traders Trust Company | Blu*****LLC | AMESBURY, MA | $5,000 |
| 2025-11 | Santander Bank, National Association | J .*****INC | ROXBURY, MA | $73,000 |
| 2025-11 | Newtek Bank, National Association | DL *****Inc | Peabody, MA | $125,000 |
| 2025-11 | First Bank of the Lake | Air*****LLC | CONCORD, MA | $1,688,000 |
| 2025-09 | TD Bank, National Association | DeW*****nc. | WEST BOYLSTON, MA | $3,846,100 |
| 2025-09 | Readycap Lending, LLC | Byf*****LLC | West Yarmouth, MA | $33,500 |
| 2025-09 | TD Bank, National Association | DeW*****nc. | WEST BOYLSTON, MA | $500,000 |
| 2025-09 | Eastern Bank | E L*****INC | QUINCY, MA | $200,000 |
| 2025-09 | United Midwest Savings Bank National Association | WE *****LLC | EAST BRIDGEWATER, MA | $250,000 |
| 2025-09 | TD Bank, National Association | RGC*****NC. | LOWELL, MA | $350,000 |
| 2025-09 | Readycap Lending, LLC | ONE*****NC. | Chelsea, MA | $303,500 |
| 2025-09 | TD Bank, National Association | RGC*****NC. | LOWELL, MA | $890,000 |
| 2025-09 | Celtic Bank Corporation | ST.*****NC. | CHARLESTOWN, MA | $150,000 |
| 2025-09 | Eastern Bank | VIL*****INC | EVERETT, MA | $100,000 |
| 2025-09 | Port 51 Lending LLC | She*****nc. | Rockland, MA | $2,500,000 |
| 2025-09 | Hanover Community Bank | B-D*****LLC | NORTH BILLERICA, MA | $1,030,000 |
| 2025-09 | Eastern Bank | MOR*****LLC | STOUGHTON, MA | $200,000 |
| 2025-08 | Eastern Bank | REP*****LLC | MARLBOROUGH, MA | $99,000 |
| 2025-08 | Eastern Bank | ALT*****INC | WEYMOUTH, MA | $200,000 |
| 2025-08 | TD Bank, National Association | Fle*****LLC | PEABODY, MA | $25,000 |
| 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 | Northeast Bank | KN *****nc. | ATTLEBORO FALLS, MA | $64,400 |
| 2025-08 | CenTrust Bank, A Division of SmartBiz Bank National Associat | HAJ*****EMO | METHUEN, MA | $150,000 |
| 2025-08 | Eastern Bank | MGI*****LLC | SOUTH EASTON, MA | $120,000 |
| 2025-07 | TD Bank, National Association | Hom*****LLC | QUINCY, MA | $35,000 |
| 2025-07 | BayCoast Bank | TMR*****orp | WESTPORT, MA | $37,800 |
| 2025-07 | Eastern Bank | LAW*****ETE | FALMOUTH, MA | $40,000 |
| 2025-07 | Salem Five Cents Savings Bank | K S*****LLC | LYNN, MA | $140,000 |
| 2025-07 | Manufacturers and Traders Trust Company | IN *****NC. | WOBURN, MA | $300,000 |
| 2025-07 | Bank of America, National Association | GDK*****nc. | SUDBURY, MA | $150,000 |
| 2025-07 | Bank of America, National Association | GDK*****nc. | SUDBURY, MA | $150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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