{"citation":"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/ Source: SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026 (https://data.sba.gov/dataset/7a-504-foia).","url":"https://www.sbaexpress.loans/industries/new-single-family-housing-construction/massachusetts/","title":"SBA loans to custom home builders in Massachusetts","data_as_of":"2026-06-30","checked":null,"sources":[{"label":"SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026","url":"https://data.sba.gov/dataset/7a-504-foia"}],"data":{"window":{"id":"all","from":"2019-10-01","to":"2026-06-30"},"state":{"code":"MA","name":"Massachusetts"},"industry":{"naics":"236115","name":"New Single-Family Housing Construction (except For-Sale Builders)","url":"/industries/new-single-family-housing-construction/"},"loans":119,"dollars_approved":15555300,"measures":{"share_of_all_loans_pct":{"state":1.383,"national":0.6,"reading":"Clearly higher"},"median_loan":{"state":70000,"national":109900,"reading":"Clearly lower"},"middle_half_of_loans":{"state":{"p25":40000,"p75":112500},"national":{"p25":50000,"p75":250000}},"startup_pct":{"state":null,"national":2.0,"reading":"n/a"},"new_pct":{"state":6.7,"national":13.4,"reading":"No clear gap"},"existing_pct":{"state":90.8,"national":82.0,"reading":"No clear gap"},"ownership_pct":{"state":0.0,"national":1.7,"reading":"No clear gap"},"express_pct":{"state":85.7,"national":56.5,"reading":"Clearly higher"},"loc_pct":{"state":38.7,"national":47.1,"reading":"No clear gap"},"median_term_months":{"state":84,"national":120},"median_spread_over_prime_points":{"state":2.75,"national":3.0}},"clear_gaps":["express","mix","size","share"],"top_lenders":{"Eastern Bank":59,"Rockland Trust Company":9,"Santander Bank":6,"TD Bank":6,"The Cape Cod Five Cents Savings Bank":6},"note":"Null means fewer than 5 loans. Loans SBA approved only: the file has no denials. Spread over Prime is the rate at approval minus Prime that day, not today's rate."}}