# Bank of America SBA loans in Massachusetts **Short answer:** SBA's loan file shows Bank of America made 122 SBA loans in Massachusetts since October 2019. 41.8% were lines of credit, against 27.4% of its loans nationally. Canonical page: https://www.sbaexpress.loans/sba-express-lenders/bank-of-america/massachusetts/ Data as of: 2026-06-30 This site is not Bank of America sbaexpress.loans is not Bank of America, and Bank of America did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from Bank of America. These are the 122 SBA 7(a) loans [Bank of America](https://www.sbaexpress.loans/sba-express-lenders/bank-of-america/) made in [Massachusetts](https://www.sbaexpress.loans/massachusetts-small-business-loans/) approved October 2019 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you. Every state page for this lender uses this same period, so the pages can be compared with each other. ## How Bank of America differs in Massachusetts **What this means for you.** If you need working capital you can draw on and repay, revolving lines were more common here, so ask Bank of America about one. ### Lines of credit 41.8% of the loans in Massachusetts were lines of credit, against 27.4% of its loans nationally. Lines of credit, share of loans, Oct 2019 to Jun 2026 - Massachusetts: 41.8% - All its U.S. loans: 27.4% We compared 7 measures with the national figure for the same period, and this is the one that differs clearly. The table compares every measure. ## Massachusetts next to the U.S. **Massachusetts compared with all of Bank of America's U.S. loans, October 2019 to June 2026** | Measure | Massachusetts | All its U.S. loans | Reading | | --- | --- | --- | --- | | Lender's share of all SBA loans | 1.4% | 1.1% | No clear gap | | Median loan | $300,000 | $331,500 | No clear gap | | Middle half of loans | $157,000 to $500,000 | $200,000 to $561,950 | – | | Startups (the loan opens the business) | Fewer than 5 | 6.2% | n/a | | In business 2 years or less | 8.2% | 10.9% | No clear gap | | In business more than 2 years | 86.9% | 80.2% | No clear gap | | Change of ownership | Fewer than 5 | 2.2% | n/a | | SBA Express | 73.0% | 60.1% | No clear gap | | Lines of credit | 41.8% | 27.4% | Clearly higher | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 2.75 points over Prime | 2.75 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. ## What Bank of America lends to in Massachusetts The 5 industries below account for 26 of the 122 loans approved October 2019 to June 2026, or 21.3%. An industry is listed when it has 5 or more of them, five at most. **Top industries in Massachusetts** | Industry | Loans | Share here | U.S. share | | --- | --- | --- | --- | | [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/) | 6 | 4.9% | 3.3% | | [Computer Systems Design Services](https://www.sbaexpress.loans/industries/computer-systems-design-services/) | 5 | 4.1% | Not in top 5 | | [Interior Design Services](https://www.sbaexpress.loans/industries/interior-design-services/) | 5 | 4.1% | Not in top 5 | | [Landscaping Services](https://www.sbaexpress.loans/industries/landscaping-services/) | 5 | 4.1% | Not in top 5 | | [Other Management Consulting Services](https://www.sbaexpress.loans/industries/other-management-consulting-services/) | 5 | 4.1% | Not in top 5 | Share here is the industry's share of the lender's loans in this state. U.S. share is its share of all the lender's loans nationally. Not in top 5 means it is not one of the lender's five most common industries. ## Bank of America in other states Other states where these loans differ clearly from the national pattern, most loans first. **Bank of America by state** | State | Loans since October 2019 | | --- | --- | | [California](https://www.sbaexpress.loans/sba-express-lenders/bank-of-america/california/) | 866 | | [Texas](https://www.sbaexpress.loans/sba-express-lenders/bank-of-america/texas/) | 321 | | [New York](https://www.sbaexpress.loans/sba-express-lenders/bank-of-america/new-york/) | 170 | | [Illinois](https://www.sbaexpress.loans/sba-express-lenders/bank-of-america/illinois/) | 136 | | [New Jersey](https://www.sbaexpress.loans/sba-express-lenders/bank-of-america/new-jersey/) | 114 | ## Other lenders in Massachusetts Other lenders in Massachusetts with a clear difference from the national pattern, most loans first. **Other lenders in Massachusetts** | Lender | Loans since October 2019 | | --- | --- | | [Webster Bank](https://www.sbaexpress.loans/sba-express-lenders/webster-bank/massachusetts/) | 275 | | [Beacon Bank and Trust](https://www.sbaexpress.loans/sba-express-lenders/beacon-bank-and-trust/massachusetts/) | 222 | | [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/massachusetts/) | 190 | | [Leader Bank](https://www.sbaexpress.loans/sba-express-lenders/leader-bank/massachusetts/) | 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. A lender's past loans do not describe its current credit policy. 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](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)