Small business loans in Peabody, MA
Short answer
The most active SBA lenders in Peabody, MA since FY2024 are Eastern Bank (23 loans) and TD Bank (14). The median loan was $74,500, and half fell between $32,025 and $150,000. For free help, see the Massachusetts Small Business Development Center Network. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 64
- approved since FY2024
- $9.14M
- median loan
- $74,500
- through SBA Express
- 70.3%
Lenders making SBA loans in Peabody
Eastern Bank made the most loans in Peabody, 36% of the total. The three largest lenders together made 66%.
| Lender | Loans | Share |
|---|---|---|
| Eastern Bank | 23 | 35.9% |
| TD Bank | 14 | 21.9% |
| M&T Bank | 5 | 7.8% |
Share is the percent of all Peabody loans in that period. Each name links to that lender's page for Massachusetts where one exists.
Peabody 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.
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Start my loan requestJanover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.
Local help near Peabody
Peabody 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
- Massachusetts Small Business Development Center NetworkSmall Business Development Center
- SCORE mentors in MassachusettsBusiness mentoring
Alongside SBA loans, Massachusetts runs three loan programs. The Massachusetts page describes each, and the official pages are linked here.
Loan counts and sizes in Peabody
Peabody ranks 4th by loans since FY2024 among the 10 Massachusetts cities with 100 or more SBA loans since FY2020. Nationally it is the 412th busiest of the 580 cities that reach 100 loans.
The 64 loans, 1.5% of the 4,396 in Massachusetts, were approved for $9.1 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $74,500, 50% below the national median of $150,300. Half of the loans fell between $32,025 and $150,000. The Peabody median is 26% below the Massachusetts median of $100,000.
| Measure | Peabody | Massachusetts | U.S. |
|---|---|---|---|
| Loans | 64 | 4,396 | 162,355 |
| Median loan | $74,500 | $100,000 | $150,300 |
| 25th percentile | $32,025 | $50,000 | $50,000 |
| 75th percentile | $150,000 | $255,125 | $500,000 |
| Via SBA Express | 70.3% | 59.2% | 35.8% |
| Lines of credit | 39.1% | 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 | 0.0% | 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.
97% of the loans were $500,000 or less, the size SBA Express covers. 70.3% of all loans went through SBA Express, above the national 35.8%. Lines of credit were 39.1% of loans, above the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume fell 32% from FY2024 (28 loans) to FY2025 (19), the two latest full years. The busiest full year in the file was FY2024, with 28 loans. FY2026 already shows 17 loans through June 30.
Of the 31 loans Peabody borrowers received in FY2020 to FY2022, 0.0% were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 422 jobs supported across the 64 loans since FY2024, about 6.6 per loan. SBA does not audit these estimates.
What businesses in Peabody borrow for
Janitorial Services was the largest borrower group in Peabody, with 6 loans or 9.4% of the total.
The three largest industries made up 27% of all Peabody loans.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Janitorial Services | 6 | 9.4% | 1.0% |
| Plumbing, Heating, and Air-Conditioning Contractors | 6 | 9.4% | 1.9% |
| Offices of Dentists | 5 | 7.8% | 1.1% |
Share is the percent of all Peabody 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 Peabody
The median Peabody loan was $74,500 with a median term of 10 years.
The median variable-rate loan in Peabody was priced at Prime plus 3.0 percentage points at approval. At today's Prime that spread works out to 10.00%. On $74,500 over 10 years, principal and interest would come to about $985 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $32,025 | $423 |
| Median loan | $74,500 | $985 |
| 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 $74,500 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).
Peabody loans approved since FY2024 had a median starting rate of 10.75% 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 and SBA Express payment calculator.
SBA 504 loans near Peabody
Peabody has 13 SBA 504 loans since FY2020, with $14.3 million in SBA and CDC dollars.
Fewer than five of them came in FY2024 or later, so no recent median is published. 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 CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on the most loans since FY2020, with 7. Bay Colony Development Corporation follows with 6. The two CDCs listed are named on 13 loans between them.
| Certified Development Company | 504 loans |
|---|---|
| Granite State Economic Development Corporation | 7 |
| Bay Colony Development Corporation | 6 |
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 capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
Massachusetts cities near Peabody
Peabody made up 1.5% of Massachusetts's SBA loans since FY2024.
Peabody is one of 10 Massachusetts cities with 100 or more SBA loans since FY2020. The Massachusetts page covers all 4,396 loans in Massachusetts. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Peabody
Which lenders make the most SBA loans in Peabody?
Eastern Bank leads with 23 loans in Peabody since FY2024. TD Bank (14) and M&T Bank (5) follow. Only lenders with five or more Peabody loans are counted.
Which industries get SBA loans in Peabody?
Janitorial Services leads with 6 loans in Peabody since FY2024. Plumbing, Heating, and Air-Conditioning Contractors (6) and Offices of Dentists (5) 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.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA Massachusetts District Office (Boston)
- Massachusetts Small Business Development Center Network
- SCORE, Massachusetts
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Peabody, MA. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/massachusetts-small-business-loans/peabody/
Ask lending partners about a loan in Peabody
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.