# SBA loans to fast-food, pizza and counter-service restaurants in Massachusetts **Short answer:** SBA's loan file shows 287 loans to fast-food, pizza and counter-service restaurants in Massachusetts since October 2019. 44.9% went through SBA Express, against 23.3% nationally. The median loan was $163,000, less than half the national median of $329,000. Canonical page: https://www.sbaexpress.loans/industries/limited-service-restaurants/massachusetts/ Data as of: 2026-06-30 These are the 287 SBA 7(a) loans to [fast-food, pizza and counter-service restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/) in [Massachusetts](https://www.sbaexpress.loans/massachusetts-small-business-loans/) approved October 2019 to June 2026. Each figure is set against the national figure for the same industry and period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what lenders have done and not what any lender will do for you. Every state page for this industry uses this same period, so the pages can be compared with each other. ## How Massachusetts differs from the U.S. **What this means for you.** SBA Express was a more common route for these loans here, so ask lenders about it if your loan is small enough to qualify. ### SBA Express 44.9% of the loans in Massachusetts went through SBA Express, against 23.3% nationally. SBA Express, share of loans, Oct 2019 to Jun 2026 - Massachusetts: 44.9% - United States: 23.3% ### Loan size The median loan was $163,000 in Massachusetts, less than half the national median of $329,000. The middle half of loans in Massachusetts ran from $59,600 to $442,500. Nationally the middle half ran from $113,250 to $575,000. Median loan, Oct 2019 to Jun 2026 - Massachusetts: $163,000 - United States: $329,000 ### Established businesses 44.9% of the loans in Massachusetts went to businesses more than two years old, against 30.3% nationally. In business more than 2 years, share of loans, Oct 2019 to Jun 2026 - Massachusetts: 44.9% - United States: 30.3% We compared 9 measures with the national figure for the same period, and these are the 3 that differ clearly. One more difference is in the table. ## Massachusetts next to the U.S. **Massachusetts compared with all loans to fast-food, pizza and counter-service restaurants in the U.S., October 2019 to June 2026** | Measure | Massachusetts | United States | Reading | | --- | --- | --- | --- | | Industry's share of all SBA loans | 3.3% | 3.3% | No clear gap | | Median loan | $163,000 | $329,000 | Clearly lower | | Middle half of loans | $59,600 to $442,500 | $113,250 to $575,000 | – | | Startups (the loan opens the business) | 27.2% | 39.5% | Clearly lower | | In business 2 years or less | 17.8% | 15.4% | No clear gap | | In business more than 2 years | 44.9% | 30.3% | Clearly higher | | Change of ownership | 9.8% | 14.0% | No clear gap | | SBA Express | 44.9% | 23.3% | Clearly higher | | Lines of credit | 20.2% | 13.6% | No clear gap | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 2.5 points over Prime | 2.5 points over Prime | – | Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference. ## Who lends in Massachusetts The 5 lenders below made 114 of the 287 loans approved October 2019 to June 2026, or 39.7%. A lender is listed when it has 5 or more of them, five at most. **Top lenders in Massachusetts** | Lender | Loans | Share here | U.S. share | | --- | --- | --- | --- | | [Eastern Bank](https://www.sbaexpress.loans/sba-express-lenders/eastern-bank/) | 41 | 14.3% | Not in top 5 | | [TD Bank](https://www.sbaexpress.loans/sba-express-lenders/td-bank/) | 23 | 8.0% | Not in top 5 | | [Rockland Trust Company](https://www.sbaexpress.loans/sba-express-lenders/rockland-trust-company/) | 18 | 6.3% | Not in top 5 | | [M&T Bank](https://www.sbaexpress.loans/sba-express-lenders/m-and-t-bank/) | 17 | 5.9% | 3.2% | | [Live Oak Banking Company](https://www.sbaexpress.loans/sba-express-lenders/live-oak-banking-company/) | 15 | 5.2% | 3.5% | Share here is the lender's share of the loans in this state. U.S. share is its share of all loans to this industry nationally. Not in top 5 means it is not one of the five lenders with the most loans to the industry. ## Fast-food, pizza and counter-service restaurants in other states Other states where these loans differ clearly from the national pattern, most loans first. **Fast-food, pizza and counter-service restaurants by state** | State | Loans since October 2019 | | --- | --- | | [California](https://www.sbaexpress.loans/industries/limited-service-restaurants/california/) | 1,330 | | [Texas](https://www.sbaexpress.loans/industries/limited-service-restaurants/texas/) | 943 | | [Florida](https://www.sbaexpress.loans/industries/limited-service-restaurants/florida/) | 719 | | [Ohio](https://www.sbaexpress.loans/industries/limited-service-restaurants/ohio/) | 559 | | [New York](https://www.sbaexpress.loans/industries/limited-service-restaurants/new-york/) | 549 | | [Georgia](https://www.sbaexpress.loans/industries/limited-service-restaurants/georgia/) | 497 | | [Pennsylvania](https://www.sbaexpress.loans/industries/limited-service-restaurants/pennsylvania/) | 424 | | [Washington](https://www.sbaexpress.loans/industries/limited-service-restaurants/washington/) | 395 | ## More industries in Massachusetts Other industries in Massachusetts with a clear difference from the national pattern, most loans first. **Other industries in Massachusetts** | Industry | Loans since October 2019 | | --- | --- | | [Sit-down restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/massachusetts/) | 424 | | [Landscaping and lawn care companies](https://www.sbaexpress.loans/industries/landscaping-services/massachusetts/) | 308 | | [Plumbing and HVAC companies](https://www.sbaexpress.loans/industries/plumbing-heating-air-conditioning-contractors/massachusetts/) | 187 | | [Hair salons and beauty salons](https://www.sbaexpress.loans/industries/beauty-salons/massachusetts/) | 174 | | [Electrical contractors](https://www.sbaexpress.loans/industries/electrical-contractors-other-wiring-installation-contractors/massachusetts/) | 162 | | [Gyms, fitness studios and recreational sports centers](https://www.sbaexpress.loans/industries/fitness-recreational-sports-centers/massachusetts/) | 149 | | [Paving, fencing, pool and other specialty contractors](https://www.sbaexpress.loans/industries/all-other-specialty-trade-contractors/massachusetts/) | 149 | | [Auto repair shops](https://www.sbaexpress.loans/industries/general-automotive-repair/massachusetts/) | 146 | How to read this Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Industry is the NAICS code recorded on each loan. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. [How we build these pages](https://www.sbaexpress.loans/method/). ## Sources - [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)