SBA Loans for Machine Shops in Massachusetts: Top Lenders
NAICS 332NAICS 332 covers machine shops businesses in Massachusetts. Based on historical SBA 7(a) lending data.
Total Approvals
9
in Massachusetts
Median Loan Size
$150,000
per approval
Recent Activity
1
last 90 days through Aug 2025
NAICS 332 covers machine shops businesses. This is a smaller category in SBA 7(a) lending with 9 approvals on record and a median loan size of $150,000.
Key trends & insights
- Seacoast National Bank leads this industry with 2 approvals (22% market share) and a median loan of $930,000.
- Machine Shops in Massachusetts loans skew smaller than the SBA average at $150,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Machine Shops in Massachusetts
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $930,000 | |
| 2 | 1 | $84,000 | |
| 3 | 1 | $506,000 | |
| 4 | 1 | $100,000 | |
| 5 | 1 | $150,000 | |
| 6 | 1 | $100,000 | |
| 7 | 1 | $150,000 | |
| 8 | 1 | $850,000 |
Recent SBA 7(a) approvals for Machine Shops in Massachusetts
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | Northeast Bank | BOS*****LLC | Amesbury, MA | $293,300 |
| 2025-08 | Manufacturers and Traders Trust Company | Fab*****Inc | MEDFIELD, MA | $150,000 |
| 2025-04 | Northeast Bank | Int*****Inc | Middleton, MA | $500,000 |
| 2025-03 | Salem Five Cents Savings Bank | T&T*****Inc | STONEHAM, MA | $150,000 |
| 2025-03 | Brookline Bank, a Division of Beacon Bank and Trust | NGC*****LLC | HYDE PARK, MA | $75,000 |
| 2025-03 | Rockland Trust Company | IND*****INC | WESTFORD, MA | $400,000 |
| 2025-02 | Rockland Trust Company | Sta*****LLC | ASHLAND, MA | $101,500 |
| 2025-01 | Bristol County Savings Bank | SWE*****NC. | ATTLEBORO, MA | $100,000 |
| 2024-11 | Newtek Bank, National Association | BEN*****LLC | West Newbury, MA | $675,000 |
| 2024-11 | Readycap Lending, LLC | PRE*****NC. | WEST SPRINGFIELD, MA | $473,500 |
| 2024-10 | Webster Bank National Association | UNI*****NC. | WORCESTER, MA | $500,000 |
| 2024-09 | Webster Bank National Association | UNI*****NC. | WORCESTER, MA | $1,622,000 |
| 2024-08 | Bank of America, National Association | Eas*****LLC | LYNN, MA | $850,000 |
| 2024-06 | BayCoast Bank | Jon*****LLC | Bellingham, MA | $583,000 |
| 2024-05 | Dean Co-operative Bank | Alm*****nc. | WALPOLE, MA | $29,900 |
| 2024-03 | BayFirst National Bank | Uni*****Inc | SUTTON, MA | $138,000 |
| 2024-03 | Rockland Trust Company | Sou*****nc. | HANSON, MA | $500,000 |
| 2024-03 | Rockland Trust Company | Sou*****nc. | HANSON, MA | $150,000 |
| 2024-03 | BayFirst National Bank | PRE*****NC. | WEST SPRINGFIELD, MA | $150,000 |
| 2023-12 | TD Bank, National Association | Nor*****LLC | GREENFIELD, MA | $92,000 |
| 2023-09 | Manufacturers and Traders Trust Company | EM**LLC | MIDDLETON, MA | $75,000 |
| 2023-09 | The Huntington National Bank | Red*****LLC | WEST BRIDGEWATER, MA | $100,000 |
| 2023-09 | The Huntington National Bank | Red*****LLC | WEST BRIDGEWATER, MA | $2,135,400 |
| 2023-08 | TD Bank, National Association | Scr*****rp. | WEST SPRINGFIELD, MA | $25,000 |
| 2023-04 | Rockland Trust Company | Key*****nc. | TAUNTON, MA | $234,000 |
| 2023-03 | Brookline Bank, a Division of Beacon Bank and Trust | Dyn*****nc. | NEWBURYPORT, MA | $100,000 |
| 2023-02 | Eastern Bank | DRA*****NC. | WEST BRIDGEWATER, MA | $100,000 |
| 2023-01 | St. Mary's CU | Bor*****nc. | HUDSON, MA | $196,800 |
| 2022-12 | Bristol County Savings Bank | Bel*****nc. | NORTH ATTLEBORO, MA | $160,000 |
| 2022-11 | St. Mary's CU | Sum*****LLC | RUTLAND, MA | $21,300 |
| 2022-11 | The Huntington National Bank | RJ *****nc. | Avon, MA | $1,765,000 |
| 2022-11 | The Huntington National Bank | RJ *****nc. | Avon, MA | $350,000 |
| 2022-10 | St. Mary's CU | Sum*****LLC | RUTLAND, MA | $68,400 |
| 2022-10 | TD Bank, National Association | KC *****INC | GLOUCESTER, MA | $50,000 |
| 2022-08 | Seacoast National Bank | NEW*****LLC | RANDOLPH, MA | $1,660,000 |
| 2022-08 | Seacoast National Bank | NEW*****LLC | RANDOLPH, MA | $200,000 |
| 2022-08 | St. Mary's CU | Bor*****nc. | HUDSON, MA | $148,000 |
| 2022-08 | TD Bank, National Association | Sou*****nc. | QUINCY, MA | $50,000 |
| 2022-08 | Brookline Bank, a Division of Beacon Bank and Trust | Tar*****nc. | IPSWICH, MA | $100,000 |
| 2022-07 | Eastern Bank | New*****LLC | Middleboro, MA | $250,000 |
| 2022-07 | St. Mary's CU | WEL*****NC. | ASHLAND, MA | $50,000 |
| 2022-05 | St. Mary's CU | WEL*****NC. | ASHLAND, MA | $300,000 |
| 2022-03 | Customers Bank | DGG*****nc. | ATTLEBORO, MA | $100,000 |
| 2022-03 | Customers Bank | DGG*****nc. | ATTLEBORO, MA | $883,000 |
| 2021-11 | Bristol County Savings Bank | Bel*****nc. | NORTH ATTLEBORO, MA | $292,000 |
| 2021-10 | Newtek Small Business Finance, Inc. | Sis*****rp. | NORTHFIELD, MA | $1,680,000 |
| 2021-05 | St. Mary's CU | SJP*****Inc | MARLBOROUGH, MA | $52,000 |
| 2021-04 | Citizens Bank, National Association | THI*****NC. | SPRINGFIELD, MA | $500,000 |
| 2021-04 | Citizens Bank, National Association | THI*****NC. | SPRINGFIELD, MA | $2,307,900 |
| 2021-03 | bankHometown | R J*****ies | OXFORD, MA | $375,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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