SBA Loans for Medicinal and Botanical Manufacturing in Massachusetts: Top Lenders
NAICS 325NAICS 325 covers medicinal and botanical manufacturing businesses in Massachusetts. Based on historical SBA 7(a) lending data.
Total Approvals
8
in Massachusetts
Median Loan Size
$75,000
per approval
Recent Activity
0
last 90 days through Nov 2024
NAICS 325 covers medicinal and botanical manufacturing businesses. This is a smaller category in SBA 7(a) lending with 8 approvals on record and a median loan size of $75,000.
Key trends & insights
- Medicinal and Botanical Manufacturing in Massachusetts lending is concentrated — Eastern Bank, TD Bank, National Association, Southstate Bank, National Association together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Eastern Bank leads this industry with 3 approvals (38% market share) and a median loan of $100,000.
- Medicinal and Botanical Manufacturing in Massachusetts loans skew smaller than the SBA average at $75,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2024-11-05 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Medicinal and Botanical Manufacturing in Massachusetts
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 3 | $100,000 | |
| 2 | 2 | $37,500 | |
| 3 | 1 | $200,000 | |
| 4 | 1 | $50,000 | |
| 5 | 1 | $150,000 |
Recent SBA 7(a) approvals for Medicinal and Botanical Manufacturing in Massachusetts
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-11 | TD Bank, National Association | Uni*****LLC | TAUNTON, MA | $40,000 |
| 2024-01 | Florence Bank | Wis*****LLC | WORTHINGTON, MA | $50,000 |
| 2022-11 | Celtic Bank Corporation | LI**LAB | Waltham, MA | $150,000 |
| 2022-05 | TD Bank, National Association | Pot*****any | CONCORD, MA | $35,000 |
| 2021-05 | Eastern Bank | BLO*****INC | BOSTON, MA | $50,000 |
| 2021-04 | SouthState Bank, National Association | Pho*****nc. | ACTON, MA | $200,000 |
| 2020-10 | Eastern Bank | EUT*****NC. | Cambridge, MA | $100,000 |
| 2020-10 | Eastern Bank | EUT*****NC. | Cambridge, MA | $430,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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