SBA loans to custom home builders in Massachusetts
Short answer
SBA's loan file shows 119 loans to custom home builders in Massachusetts since October 2019. 85.7% went through SBA Express, against 56.5% nationally. Eastern Bank made 49.6% of them, well above its share nationally and across all loans in Massachusetts.
- SBA loans, Oct 2019 to Jun 2026
- 119
- median loan
- $70,000
- dollars approved
- $15.56M
- went through SBA Express
- 85.7%
These are the 119 SBA 7(a) loans to custom home builders in Massachusetts 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
85.7% of the loans in Massachusetts went through SBA Express, against 56.5% nationally.
Lender concentration
Eastern Bank made 49.6% of these loans (59 of 119). It is not among the five lenders with the most loans to custom home builders nationally. It made 22.1% of all SBA loans in Massachusetts.
Loan size
The medianThe middle figure. Half the loans were larger and half were smaller. loan was $70,000 in Massachusetts, 36% below the national median of $109,900.
The middle half of loans in Massachusetts ran from $40,000 to $112,500. Nationally the middle half ran from $50,000 to $250,000.
We compared 8 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.
| Measure | Massachusetts | United States | Reading |
|---|---|---|---|
| Industry's share of all SBA loans | 1.4% | 0.60% | Clearly higher |
| Median loan | $70,000 | $109,900 | Clearly lower |
| Middle half of loans | $40,000 to $112,500 | $50,000 to $250,000 | – |
| Startups (the loan opens the business) | Fewer than 5 | 2.0% | n/a |
| In business 2 years or less | 6.7% | 13.4% | No clear gap |
| In business more than 2 years | 90.8% | 82.0% | No clear gap |
| Change of ownership | 0.0% | 1.7% | No clear gap |
| SBA Express | 85.7% | 56.5% | Clearly higher |
| Lines of credit | 38.7% | 47.1% | No clear gap |
| Median term | 7 years | 10 years | – |
| Median spread over Prime at approval | 2.75 points over Prime | 3 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 86 of the 119 loans approved October 2019 to June 2026, or 72.3%. A lender is listed when it has 5 or more of them, five at most.
| Lender | Loans | Share here | U.S. share |
|---|---|---|---|
| Eastern Bank | 59 | 49.6% | Not in top 5 |
| Rockland Trust Company | 9 | 7.6% | Not in top 5 |
| Santander Bank | 6 | 5.0% | Not in top 5 |
| TD Bank | 6 | 5.0% | 6.7% |
| The Cape Cod Five Cents Savings Bank | 6 | 5.0% | Not in top 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.
Custom home builders in other states
Other states where these loans differ clearly from the national pattern, most loans first.
| State | Loans since October 2019 |
|---|---|
| California | 208 |
| New York | 177 |
| Florida | 123 |
| Texas | 116 |
| New Jersey | 70 |
| Oregon | 68 |
| North Carolina | 67 |
| Pennsylvania | 57 |
More industries in Massachusetts
Other industries in Massachusetts with a clear difference from the national pattern, most loans first.
| Industry | Loans since October 2019 |
|---|---|
| Sit-down restaurants | 424 |
| Landscaping and lawn care companies | 308 |
| Fast-food, pizza and counter-service restaurants | 287 |
| Plumbing and HVAC companies | 187 |
| Hair salons and beauty salons | 174 |
| Electrical contractors | 162 |
| Gyms, fitness studios and recreational sports centers | 149 |
| Paving, fencing, pool and other specialty contractors | 149 |
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.
Download this page's data: JSON · CSV
Cite this page: SBA loans to custom home builders in Massachusetts. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/new-single-family-housing-construction/massachusetts/
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