SBA Loans for Machine Shops in Massachusetts: Top Lenders
NAICS 332NAICS 332 covers machine shops businesses in Massachusetts. Based on historical SBA 7(a) lending data.
Total Approvals
9
in Massachusetts
Median Loan Size
$150,000
per approval
Recent Activity
1
last 90 days through Aug 2025
NAICS 332 covers machine shops businesses. This is a smaller category in SBA 7(a) lending with 9 approvals on record and a median loan size of $150,000.
Key trends & insights
- Seacoast National Bank leads this industry with 2 approvals (22% market share) and a median loan of $930,000.
- Machine Shops in Massachusetts loans skew smaller than the SBA average at $150,000 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 Machine Shops in Massachusetts
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $930,000 | |
| 2 | 1 | $84,000 | |
| 3 | 1 | $506,000 | |
| 4 | 1 | $100,000 | |
| 5 | 1 | $150,000 | |
| 6 | 1 | $100,000 | |
| 7 | 1 | $150,000 | |
| 8 | 1 | $850,000 |
Recent SBA 7(a) approvals for Machine Shops in Massachusetts
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-08 | Manufacturers and Traders Trust Company | Fab*****Inc | MEDFIELD, MA | $150,000 |
| 2025-03 | Salem Five Cents Savings Bank | T&T*****Inc | STONEHAM, MA | $150,000 |
| 2024-08 | Bank of America, National Association | Eas*****LLC | LYNN, MA | $850,000 |
| 2023-08 | TD Bank, National Association | Scr*****rp. | WEST SPRINGFIELD, MA | $25,000 |
| 2023-02 | Eastern Bank | DRA*****NC. | WEST BRIDGEWATER, MA | $100,000 |
| 2022-08 | Seacoast National Bank | NEW*****LLC | RANDOLPH, MA | $200,000 |
| 2022-08 | Seacoast National Bank | NEW*****LLC | RANDOLPH, MA | $1,660,000 |
| 2022-08 | Brookline Bank, a Division of Beacon Bank and Trust | Tar*****nc. | IPSWICH, MA | $100,000 |
| 2022-07 | Eastern Bank | New*****LLC | Middleboro, MA | $250,000 |
| 2022-05 | St. Mary's CU | WEL*****NC. | ASHLAND, MA | $300,000 |
| 2021-01 | St. Mary's CU | SJP*****Inc | WEST BOYLSTON, MA | $52,400 |
| 2020-02 | South Shore Bank | Bry*****tal | HANOVER, MA | $506,000 |
| 2019-12 | Stearns Bank National Association | PUC*****LLC | BROOKFIELD, MA | $84,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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