# Small business loans in Lawrence, MA

**Short answer:** The most active SBA lenders in Lawrence, MA since FY2024 are Eastern Bank (15 loans) and TD Bank (11). The median loan was $80,000, and half fell between $25,000 and $150,000. For free help, see the Massachusetts Small Business Development Center Network. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/massachusetts-small-business-loans/lawrence/
Data as of: 2026-06-30

## Lenders making SBA loans in Lawrence

Eastern Bank made the most loans in Lawrence, 26% of the total. The three largest lenders together made 58%.

**Lenders with five or more SBA loans in Lawrence, MA, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [Eastern Bank](https://www.sbaexpress.loans/sba-express-lenders/eastern-bank/) | 15 | 26.3% |
| [TD Bank](https://www.sbaexpress.loans/sba-express-lenders/td-bank/) | 11 | 19.3% |
| [M&T Bank](https://www.sbaexpress.loans/sba-express-lenders/m-and-t-bank/) | 7 | 12.3% |

Share is the percent of all Lawrence loans in that period. Each name links to that lender's page for Massachusetts where one exists.

Lawrence has three lenders with five or more loans since FY2024. Others had fewer, and the Massachusetts page counts 180 lenders with at least one approved loan statewide.

## Local help near Lawrence

Lawrence borrowers can start with SBA's district office for Massachusetts, an SBDC or SCORE.

SBA has one district office for Massachusetts. Its page points to state and federal resources and to lenders in the area. The Massachusetts Small Business Development Center Network gives free counseling across Massachusetts.

- [SBA Massachusetts District Office (Boston): SBA district office](https://www.sba.gov/district/massachusetts)
- [Massachusetts Small Business Development Center Network: Small Business Development Center](https://www.msbdc.org/)
- [SCORE mentors in Massachusetts: Business mentoring](https://www.score.org/ma/)

Alongside SBA loans, Massachusetts runs three loan programs. The [Massachusetts page](https://www.sbaexpress.loans/massachusetts-small-business-loans/#loan-programs-in-massachusetts) describes each, and the official pages are linked here.

- [MassDevelopment Working Capital](https://www.massdevelopment.com/products-and-services/financing/loans/working-capital/)
- [MassDevelopment Equipment Loan](https://www.massdevelopment.com/products-and-services/financing/loans/#equipment-loan)
- [MassDevelopment Real Estate Enhancement Financing Program](https://www.massdevelopment.com/products-and-services/financing/loans/#real-estate-enhancement-financing-program)

## Loan counts and sizes in Lawrence

Lawrence ranks 8th by loans since FY2024 among the 10 Massachusetts cities with 100 or more SBA loans since FY2020. Nationally it is the 481st busiest of the 580 cities that reach 100 loans.

The 57 loans, 1.3% of the 4,396 in Massachusetts, were approved for $11.3 million in all. The median loan was $80,000, 47% below the national median of $150,300. Half of the loans fell between $25,000 and $150,000. The Lawrence median is 20% below the Massachusetts median of $100,000.

**Lawrence, MA compared with Massachusetts and the nation, loans from FY2024 to June 2026**

| Measure | Lawrence | Massachusetts | U.S. |
| --- | --- | --- | --- |
| Loans | 57 | 4,396 | 162,355 |
| Median loan | $80,000 | $100,000 | $150,300 |
| 25th percentile | $25,000 | $50,000 | $50,000 |
| 75th percentile | $150,000 | $255,125 | $500,000 |
| Via SBA Express | 73.7% | 59.2% | 35.8% |
| Lines of credit | 45.6% | 38.1% | 28.1% |
| Startups | n/a | 10.1% | 16.1% |
| Ownership changes | n/a | 7.9% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 3.0 | 2.75 | 2.75 |
| Charged off | Fewer than 5 | 2.5% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

91% of the loans were $500,000 or less, the size SBA Express covers. 73.7% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 45.6% of loans, above the national 28.1%.

SBA loans in Lawrence, MA by size, FY2024 to June 2026

- $50,000 or less (46%): 26
- $50,001 to $150,000 (32%): 18
- $150,001 to $350,000 (14%): 8
- $350,001 to $500,000 (0%): 0
- $500,001 to $1,000,000: Fewer than 5
- $1,000,001 to $2,000,000: Fewer than 5
- Over $2,000,000: Fewer than 5

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

SBA loans in Lawrence, MA by fiscal year

- FY2020: 19
- FY2021: 11
- FY2022: 19
- FY2023: 10
- FY2024: 17
- FY2025: 22
- FY2026 (through June 30): 18

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume rose 29% from FY2024 (17 loans) to FY2025 (22), the two latest full years. The busiest full year in the file was FY2025, with 22 loans. FY2026 already shows 18 loans through June 30.

Of the 49 loans Lawrence borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 511 jobs supported across the 57 loans since FY2024, about 9.0 per loan. SBA does not audit these estimates.

## What businesses in Lawrence borrow for

Supermarkets and Other Grocery Retailers (except Convenience Retailers) was the largest borrower group in Lawrence since FY2020, with 7 loans or 6.0% of the total.

The four largest industries made up 21% of all Lawrence loans since FY2020.

**Industries with the most SBA loans in Lawrence, MA, FY2020 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Supermarkets and Other Grocery Retailers (except Convenience Retailers)](https://www.sbaexpress.loans/industries/supermarkets-other-grocery-retailers/massachusetts/) | 7 | 6.0% | 0.6% |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/massachusetts/) | 6 | 5.2% | 4.6% |
| [General Freight Trucking, Local](https://www.sbaexpress.loans/industries/general-freight-trucking-local/massachusetts/) | 6 | 5.2% | 1.1% |
| [Beauty Salons](https://www.sbaexpress.loans/industries/beauty-salons/massachusetts/) | 5 | 4.3% | 1.5% |

Share is the percent of all Lawrence loans in that period. Industry is the NAICS code on each loan. A name links to the Massachusetts page for that industry where one exists.

## A typical loan payment in Lawrence

The median Lawrence loan was $80,000 with a median term of 10 years.

The median variable-rate loan in Lawrence was priced at Prime plus 3.0 percentage points at approval. At today's Prime that spread works out to 10.00%. On $80,000 over 10 years, principal and interest would come to about $1,057 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Lawrence loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $25,000 | $330 |
| Median loan | $80,000 | $1,057 |
| 75th percentile loan | $150,000 | $1,982 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $80,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.0 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Lawrence loans approved since FY2024 had a median starting rate of 10.5% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $75,000 loan](https://www.sbaexpress.loans/loan-amounts/75000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Lawrence

Lawrence has 6 SBA 504 loans since FY2024, with $2.1 million in SBA and CDC dollars.

The median 504 loan in Lawrence was $384,000 in SBA and CDC dollars, 8% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

Granite State Economic Development Corporation is the Certified Development Company (CDC) named on the most loans since FY2020, with 7. Bay Colony Development Corporation follows with 5. The two CDCs listed are named on 12 loans between them.

**CDCs named on five or more 504 loans in Lawrence, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Granite State Economic Development Corporation | 7 |
| Bay Colony Development Corporation | 5 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Massachusetts cities near Lawrence

Lawrence made up 1.3% of Massachusetts's SBA loans since FY2024.

Lawrence is one of 10 Massachusetts cities with 100 or more SBA loans since FY2020. The [Massachusetts page](https://www.sbaexpress.loans/massachusetts-small-business-loans/) covers all 4,396 loans in Massachusetts. The closest come first, ranked by county and ZIP code on their loans.

- [Beverly: 62 loans, median $100,000](https://www.sbaexpress.loans/massachusetts-small-business-loans/beverly/)
- [Peabody: 64 loans, median $74,500](https://www.sbaexpress.loans/massachusetts-small-business-loans/peabody/)
- [Salem: 67 loans, median $60,000](https://www.sbaexpress.loans/massachusetts-small-business-loans/salem/)
- [Woburn: 47 loans, median $128,000](https://www.sbaexpress.loans/massachusetts-small-business-loans/woburn/)
- [Worcester: 88 loans, median $133,500](https://www.sbaexpress.loans/massachusetts-small-business-loans/worcester/)
- [Boston: 185 loans, median $150,000](https://www.sbaexpress.loans/massachusetts-small-business-loans/boston/)
- [Cambridge: 52 loans, median $121,100](https://www.sbaexpress.loans/massachusetts-small-business-loans/cambridge/)
- [Quincy: 61 loans, median $117,000](https://www.sbaexpress.loans/massachusetts-small-business-loans/quincy/)

## Common questions about SBA loans in Lawrence

### Which lenders make the most SBA loans in Lawrence?

Eastern Bank leads with 15 loans in Lawrence since FY2024. TD Bank (11) and M&T Bank (7) follow. Only lenders with five or more Lawrence loans are counted.

### Which industries get SBA loans in Lawrence?

Supermarkets and Other Grocery Retailers (except Convenience Retailers) leads with 7 loans in Lawrence since FY2020. Full-Service Restaurants (6) and General Freight Trucking, Local (6) follow.

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. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [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)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Massachusetts District Office (Boston)](https://www.sba.gov/district/massachusetts)
- [Massachusetts Small Business Development Center Network](https://www.msbdc.org/)
- [SCORE, Massachusetts](https://www.score.org/ma/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)