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SBA Loans in Somerville, MA

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

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Total SBA loans
527
all programs
Approved $
$106.0M
last 24 months
Avg loan
$201K
median $245K
Active lenders
59
approved here
Jobs supported
4,820
cumulative

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SOMERVILLE · 527 LOANS

Top lenders in Somerville

Citizens Bank, National Association
118
Eastern Bank
103
Bank of America, National Association
55
Santander Bank, National Association
29
Cambridge Savings Bank
26
Bay Colony Development Corporation
25

Top industries in Somerville

Full-Service Restaurants
53
Convenience Stores
16
Limited-Service Restaurants
15
Fitness and Recreational Sports Centers
14
General Automotive Repair
13
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Loan records · Somerville, MA
Showing largest 500 of 527 records
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Basis Technology Corporation
Somerville, MA
$4,356,000
504
New England Certified Development Corporation$363K/job · 2020-03-26
MCCRONE LLC
Somerville, MA
$4,254,900
7(a)
The Bancorp Bank National Association$284K/job · 2022-05-05
TANDEM
Somerville, MA
$4,000,000
7(a)
Live Oak Banking Company$222K/job · 2024-09-17
NMR Group, Inc.
Somerville, MA
$3,184,000
7(a)
Citizens Bank, National Association$96K/job · 2021-06-15
Independent Electric Supply Corp.
Somerville, MA
$1,851,000
504
Bay Colony Development Corporation$185K/job · 2015-07-30
Whitmore Family Enterprises, LLC
Somerville, MA
$1,800,000
7(a)
Cambridge Savings Bank$23K/job · 2021-12-14
Lorna Lally, DMD, PC
Somerville, MA
$1,800,000
7(a)
Live Oak Banking Company$600K/job · 2016-10-14
SDH Associates Corp
Somerville, MA
$1,727,000
504
Bay Colony Development Corporation$432K/job · 2017-06-09
Whitmore Family Enterprises, LLC
Somerville, MA
$1,656,000
7(a)
Readycap Lending, LLC$21K/job · 2017-03-28
THE BJB GROUP, LLC AND SWEET SPOT BAKERY, LLC
Somerville, MA
$1,380,000
7(a)
Eastern Bank$28K/job · 2009-11-12
B. Wellness, LLC
Somerville, MA
$1,250,000
7(a)
The Huntington National Bank$54K/job · 2024-03-07
817 Hospitality 2, Inc.
Somerville, MA
$1,232,000
7(a)
LendingClub Bank, National Association$46K/job · 2022-12-22
Huron Veterinary Hospital
Somerville, MA
$1,177,000
504
New England Certified Development Corporation$589K/job · 2022-01-21
Andrew Levine
Somerville, MA
$1,166,000
504
Bay Colony Development Corporation$146K/job · 2020-04-02
Somerville Wellness LLC
Somerville, MA
$1,034,000
7(a)
FWBank$115K/job · 2023-06-28
Rafael and Teresa Castillo
Somerville, MA
$1,025,000
7(a)
Shoreham Bank$205K/job · 2008-01-09
KETTLE CUISINE INC
Somerville, MA
$1,000,000
7(a)
Santander Bank, National Association$15K/job · 1999-08-09
PLASTER FUN TIME LIMITED
Somerville, MA
$956,000
7(a)
Citizens Bank, National Association2015-03-21
Petra Somerville, LLC
Somerville, MA
$925,000
7(a)
Bank of America, National Association$26K/job · 2013-03-07
JOHN SOLOMON INC
Somerville, MA
$900,000
7(a)
MASSACHUSETTS BUSINESS1993-11-19
Cobble Hill LLC
Somerville, MA
$898,000
504
Granite State Economic Development Corporation$31K/job · 2014-12-31
ROYAL INSTITUTIONAL SERVICES
Somerville, MA
$864,000
504
Worcester Business Development Corporation$2K/job · 1997-07-28
Verde Farms, LLC
Somerville, MA
$850,000
7(a)
TD Bank, National Association$213K/job · 2013-01-03
ZONA PHOTOGRAPHIC LABORATORIES
Somerville, MA
$825,000
7(a)
Readycap Lending, LLC$41K/job · 2001-07-18
Van Dyke Realty, LLC
Somerville, MA
$819,000
504
Granite State Economic Development Corporation$63K/job · 2015-10-07
1–25 of 500 (largest 500 of 527)
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