{"citation":"SBA loans to law firms in Massachusetts. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/offices-of-lawyers/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/offices-of-lawyers/massachusetts/","title":"SBA loans to law firms 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":"541110","name":"Offices of Lawyers","url":"/industries/offices-of-lawyers/"},"loans":133,"dollars_approved":20087200,"measures":{"share_of_all_loans_pct":{"state":1.545,"national":0.894,"reading":"Clearly higher"},"median_loan":{"state":100000,"national":150000,"reading":"No clear gap"},"middle_half_of_loans":{"state":{"p25":42900,"p75":175000},"national":{"p25":51700,"p75":360000}},"startup_pct":{"state":3.8,"national":6.5,"reading":"No clear gap"},"new_pct":{"state":13.5,"national":16.6,"reading":"No clear gap"},"existing_pct":{"state":81.2,"national":73.0,"reading":"No clear gap"},"ownership_pct":{"state":null,"national":2.3,"reading":"n/a"},"express_pct":{"state":86.5,"national":46.4,"reading":"Clearly higher"},"loc_pct":{"state":53.4,"national":36.1,"reading":"Clearly higher"},"median_term_months":{"state":120,"national":120},"median_spread_over_prime_points":{"state":2.25,"national":2.75}},"clear_gaps":["express","mix","loc","share"],"top_lenders":{"Eastern Bank":57,"TD Bank":13,"Webster Bank":12,"Leader Bank":11,"Beacon Bank and Trust":10},"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."}}