SBA Loans in Somerset, MA

Explore recent SBA 7(a) and 504 lending activity in Somerset. See which lenders are active, what industries are getting funded, and how much capital is flowing into local small businesses.

Browse all loans Find lenders in Somerset

Total SBA loans

106

all programs

Approved $

$18.5M

last 24 months

Avg loan

$175K

median $245K

Active lenders

approved here

Jobs supported

650

cumulative

Loan activity map

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SOMERSET · 106 LOANS

Top lenders in Somerset

Fall River Five Cents Savings Bank d/b/a BankFive

Bank of America, National Association

Santander Bank, National Association

Citizens Bank, National Association

Rockland Trust Company

Webster Bank National Association

Top industries in Somerset

Limited-Service Restaurants

Full-Service Restaurants

Limited-Service Restaurants

Beauty Salons

General Automotive Repair

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Loan records · Somerset, MA

106 records

Sort:

Borrower

Location

Program

Industry

MassLen LLC Bay Colony Development Corporation

Somerset, MA

$2,699,000

$1.3M

504

Marinas

2019-12-05

Hawk & Hay of Somerset, LLC Wells Fargo Bank National Association

Somerset, MA

$1,307,200

$37K

7(a)

Limited-Service Restaurants

2015-09-25

TNT Cleaning Services Inc Newtek Bank, National Association

Somerset, MA

$1,250,000

$63K

7(a)

Janitorial Services

2023-10-10

ALDEN AUTOPARTS WAREHOUSE, INC UPS Capital Business Credit

Somerset, MA

$1,200,000

–

7(a)

–

1997-05-15

AVII LLC Ocean State Business Development Authority

Somerset, MA

$791,000

–

504

Hotels (except Casino Hotels) and Motels

2024-03-19

J & J MARINE FABRICATING, INC.MAIN STREET MARINE,INC AVID BOAT COMPANY,INC Mechanics Cooperative Bank

Somerset, MA

$750,000

$25K

7(a)

Boat Building

2009-11-17

HHB OF SOMERRSET INC Webster Bank National Association

Somerset, MA

$666,900

$16K

7(a)

Limited-Service Restaurants

2021-09-16

Z W REALTY LLC Santander Bank, National Association

Somerset, MA

$630,000

$315K

7(a)

Lessors of Other Real Estate Property

2014-01-30

MEGA DONUTS Readycap Lending, LLC

Somerset, MA

$435,000

$54K

7(a)

Baked Goods Stores

2002-05-29

GLADDING-HEARN SHIPBUILDING South Eastern Economic Development Corporation

Somerset, MA

$412,000

$14K

504

–

1998-09-30

JUKEBOX DINERS, INC.The Washington Trust Company of Westerly

Somerset, MA

$380,000

–

7(a)

Full-Service Restaurants

2005-06-29

M.A. Gadbois Financial, Inc.Slade's Ferry Bancorp

Somerset, MA

$372,000

–

7(a)

Insurance Agencies and Brokerages

2005-08-09

Milestone Realty, Inc.South Eastern Economic Development Corporation

Somerset, MA

$351,000

$59K

504

Offices of Real Estate Agents and Brokers

2023-01-11

MEGA DONUTS, INC.Bank of America, National Association

Somerset, MA

$315,000

–

7(a)

–

1995-12-13

DYNAMIC MANAGEMENT INC Textron Business Credit, Inc.

Somerset, MA

$302,200

$15K

7(a)

–

2000-06-14

Society Coffee Bar, Inc.Baycoast Bank

Somerset, MA

$288,000

$4K

7(a)

Snack and Nonalcoholic Beverage Bars

2023-11-02

SUPER 8 MOTEL South Eastern Economic Development Corporation

Somerset, MA

$277,000

$35K

504

–

1997-05-02

Mey Tex, Inc.Granite State Economic Development Corporation

Somerset, MA

$266,000

$133K

504

Full-Service Restaurants

2022-04-14

SUBWAY Webster Bank National Association

Somerset, MA

$250,000

–

7(a)

Limited-Service Restaurants

2003-12-05

SOMERSET GETTY Business Loan Center, LLC

Somerset, MA

$250,000

–

7(a)

–

1998-01-05

OLIVEIRA CONSTRUCTION INC Webster Bank National Association

Somerset, MA

$200,000

$33K

7(a)

Water and Sewer Line and Related Structures Construction

2014-04-17

Riverside Art, Ltd.Fall River Five Cents Savings Bank d/b/a BankFive

Somerset, MA

$186,300

$21K

7(a)

Office Supplies (except Paper) Manufacturing

2014-09-09

Somerset Paint Fall River Five Cents Savings Bank d/b/a BankFive

Somerset, MA

$180,000

$45K

7(a)

Paint and Wallpaper Stores

2005-02-10

EPICUREAN MARKET Bank of America, National Association

Somerset, MA

$174,500

–

7(a)

–

1996-11-06

PHILIP M. ROBITAILLE, DDS South Eastern Economic Development Corporation

Somerset, MA

$165,000

$11K

504

Offices of Dentists

1997-09-08

Bay Colony Development Corporation$1.3M/job · 2019-12-05

Hawk & Hay of Somerset, LLC

Somerset, MA

$1,307,200

7(a)

Wells Fargo Bank National Association$37K/job · 2015-09-25

TNT Cleaning Services Inc

Somerset, MA

$1,250,000

7(a)

Newtek Bank, National Association$63K/job · 2023-10-10

ALDEN AUTOPARTS WAREHOUSE, INC

Somerset, MA

$1,200,000

7(a)

UPS Capital Business Credit1997-05-15

Ocean State Business Development Authority2024-03-19

J & J MARINE FABRICATING, INC.MAIN STREET MARINE,INC AVID BOAT COMPANY,INC

Somerset, MA

$750,000

7(a)

Mechanics Cooperative Bank$25K/job · 2009-11-17

Webster Bank National Association$16K/job · 2021-09-16

Santander Bank, National Association$315K/job · 2014-01-30

Readycap Lending, LLC$54K/job · 2002-05-29

GLADDING-HEARN SHIPBUILDING

Somerset, MA

$412,000

504

South Eastern Economic Development Corporation$14K/job · 1998-09-30

The Washington Trust Company of Westerly2005-06-29

M.A. Gadbois Financial, Inc.

Somerset, MA

$372,000

7(a)

Slade's Ferry Bancorp2005-08-09

Milestone Realty, Inc.

Somerset, MA

$351,000

504

South Eastern Economic Development Corporation$59K/job · 2023-01-11

Bank of America, National Association1995-12-13

DYNAMIC MANAGEMENT INC

Somerset, MA

$302,200

7(a)

Textron Business Credit, Inc.$15K/job · 2000-06-14

Society Coffee Bar, Inc.

Somerset, MA

$288,000

7(a)

Baycoast Bank$4K/job · 2023-11-02

South Eastern Economic Development Corporation$35K/job · 1997-05-02

Granite State Economic Development Corporation$133K/job · 2022-04-14

Webster Bank National Association2003-12-05

Business Loan Center, LLC1998-01-05

OLIVEIRA CONSTRUCTION INC

Somerset, MA

$200,000

7(a)

Webster Bank National Association$33K/job · 2014-04-17

Fall River Five Cents Savings Bank d/b/a BankFive$21K/job · 2014-09-09

Fall River Five Cents Savings Bank d/b/a BankFive$45K/job · 2005-02-10

Bank of America, National Association1996-11-06

PHILIP M. ROBITAILLE, DDS

Somerset, MA

$165,000

504

South Eastern Economic Development Corporation$11K/job · 1997-09-08

1–25 of 106

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