SBA Loans for Offices of Physicians (except Mental Health Specialists) in Massachusetts: Top Lenders
NAICS 621NAICS 621 covers offices of physicians (except mental health specialists) businesses in Massachusetts. Based on historical SBA 7(a) lending data.
Total Approvals
116
in Massachusetts
Median Loan Size
$108,500
per approval
Recent Activity
12
last 90 days through Dec 2025
NAICS 621 covers offices of physicians (except mental health specialists) businesses. This is a moderately active sector for SBA 7(a) lending with 116 approvals and a median loan size of $108,500.
Key trends & insights
- Eastern Bank leads this industry with 23 approvals (26% market share) and a median loan of $52,100.
- Offices of Physicians (except Mental Health Specialists) in Massachusetts loans skew smaller than the SBA average at $108,500 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 Offices of Physicians (except Mental Health Specialists) in Massachusetts
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 23 | $52,100 | |
| 2 | 12 | $73,500 | |
| 3 | 7 | $50,000 | |
| 4 | 6 | $320,250 | |
| 5 | 5 | $207,500 | |
| 6 | 4 | $150,000 | |
| 7 | 4 | $72,500 | |
| 8 | 4 | $1,140,000 | |
| 9 | 3 | $300,000 | |
| 10 | 3 | $150,000 | |
| 11 | 3 | $142,000 | |
| 12 | 2 | $150,000 | |
| 13 | 2 | $60,400 | |
| 14 | 2 | $375,000 | |
| 15 | 2 | $464,150 | |
| 16 | 2 | $50,000 | |
| 17 | 2 | $975,000 | |
| 18 | 2 | $250,000 | |
| 19 | 1 | $597,000 | |
| 20 | 1 | $117,000 |
Recent SBA 7(a) approvals for Offices of Physicians (except Mental Health Specialists) in Massachusetts
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | Celtic Bank Corporation | GEN*****NC. | DEDHAM, MA | $150,000 |
| 2025-12 | United Midwest Savings Bank National Association | Oak*****LLC | LANCASTER, MA | $608,500 |
| 2025-11 | Middlesex Savings Bank | Bri*****LLC | FRAMINGHAM, MA | $150,000 |
| 2025-11 | Middlesex Savings Bank | Bri*****LLC | FRAMINGHAM, MA | $220,000 |
| 2025-11 | Live Oak Banking Company | Epi*****LLC | BROCKTON, MA | $310,000 |
| 2025-08 | Salem Five Cents Savings Bank | Gor*****LLC | NORTH ANDOVER, MA | $150,000 |
| 2025-08 | Salem Five Cents Savings Bank | End*****LLC | MARBLEHEAD, MA | $72,000 |
| 2025-08 | Salem Five Cents Savings Bank | Gor*****LLC | NORTH ANDOVER, MA | $150,000 |
| 2025-08 | Eastern Bank | Lut*****LLC | BOSTON, MA | $385,000 |
| 2025-08 | Eastern Bank | Lut*****LLC | BOSTON, MA | $275,000 |
| 2025-06 | TD Bank, National Association | 128*****LLC | TEWKSBURY, MA | $50,000 |
| 2025-06 | TD Bank, National Association | 128*****LLC | CONCORD, MA | $650,000 |
| 2025-05 | Avidia Bank | Nic*****LLC | FRANKLIN, MA | $160,000 |
| 2025-05 | Truliant FCU | Dio*****LLC | DEDHAM, MA | $1,540,000 |
| 2025-05 | Middlesex Savings Bank | Bri*****LLC | WALTHAM, MA | $150,000 |
| 2025-05 | Middlesex Savings Bank | Bri*****LLC | WALTHAM, MA | $200,000 |
| 2025-05 | TD Bank, National Association | Coa*****LLC | SANDWICH, MA | $25,000 |
| 2025-04 | Eastern Bank | BUR***** PC | BEDFORD, MA | $52,100 |
| 2025-04 | U.S. Bank, National Association | SAM*****LLC | NEWTON HIGHLANDS, MA | $100,000 |
| 2025-03 | Lendistry SBLC, LLC | MYS*****.C. | Chelsea, MA | $300,000 |
| 2025-03 | New Valley Bank & Trust | Lis*****LLC | INDIAN ORCHARD, MA | $50,000 |
| 2025-03 | Bank Five Nine | NL***LLC | LOWELL, MA | $450,000 |
| 2025-02 | Greenfield Co-Operative Bank | Wes*****Inc | GREENFIELD, MA | $50,000 |
| 2025-02 | Newburyport Five Cents Savings Bank | NP *****LLC | Newburyport, MA | $500,000 |
| 2025-02 | Newtek Bank, National Association | BOS*****LLC | Boston, MA | $300,000 |
| 2025-02 | The Huntington National Bank | Sen*****ion | WEST ROXBURY, MA | $207,500 |
| 2025-02 | The Huntington National Bank | Sen*****ion | WEST ROXBURY, MA | $50,000 |
| 2025-02 | The Cape Cod Five Cents Savings Bank | Cha*****LLC | Chatham, MA | $50,000 |
| 2025-01 | Salem Five Cents Savings Bank | Jen*****MHC | SOUTH HAMILTON, MA | $25,000 |
| 2025-01 | Salem Five Cents Savings Bank | GRE*****NC. | LOWELL, MA | $50,000 |
| 2025-01 | Brookline Bank, a Division of Beacon Bank and Trust | Med*****nc. | MEDFORD, MA | $50,000 |
| 2024-12 | VelocitySBA, LLC | Thr*****LLC | WOBURN, MA | $322,000 |
| 2024-12 | Brookline Bank, a Division of Beacon Bank and Trust | Ala*****LLC | BEDFORD, MA | $50,000 |
| 2024-11 | Coastal Heritage Bank | Cor*****LLC | DOVER, MA | $50,000 |
| 2024-10 | First Internet Bank of Indiana | Ind*****LLC | BROCKTON, MA | $350,000 |
| 2024-10 | First Internet Bank of Indiana | Ind*****LLC | BROCKTON, MA | $1,600,000 |
| 2024-10 | Eastern Bank | MER*****LLC | NORTH ANDOVER, MA | $50,000 |
| 2024-08 | Eastern Bank | Chr*****.C. | WALTHAM, MA | $90,000 |
| 2024-08 | Manufacturers and Traders Trust Company | Neu*****LLC | NORTH ANDOVER, MA | $100,000 |
| 2024-08 | Webster Bank National Association | HAN*****NC. | BILLERICA, MA | $500,000 |
| 2024-07 | Cadence Bank | Com*****LLC | WALTHAM, MA | $500,000 |
| 2024-06 | Eastern Bank | NEW*****LLC | BROOKLINE, MA | $394,000 |
| 2024-06 | Manufacturers and Traders Trust Company | MAG*****LLC | AMHERST, MA | $95,000 |
| 2024-05 | Pentucket Bank | LOR*****LLC | QUINCY, MA | $597,000 |
| 2024-04 | Eastern Bank | ERN***** PC | COTUIT, MA | $50,000 |
| 2024-04 | TD Bank, National Association | Sun*****LLC | PEABODY, MA | $50,000 |
| 2024-03 | Webster Five Cents Savings Bank | New*****LLC | West Boylston, MA | $50,000 |
| 2024-03 | Northwest Bank | New***** PC | BROOKLINE, MA | $450,000 |
| 2024-03 | Northwest Bank | New***** PC | BROOKLINE, MA | $50,000 |
| 2024-03 | Salem Five Cents Savings Bank | CAS*****INC | ROWLEY, MA | $50,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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