SBA Loans for Homes for the Elderly in Massachusetts: Top Lenders
NAICS 623NAICS 623 covers homes for the elderly businesses in Massachusetts. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Massachusetts
Median Loan Size
$663,250
per approval
Recent Activity
0
last 90 days through Aug 2024
NAICS 623 covers homes for the elderly businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $663,250.
Key trends & insights
- Homes for the Elderly in Massachusetts lending is concentrated — Newtek Small Business Finance, INC., Brookline Bank, A Division OF Beacon Bank AND Trust, Webster Bank, National Association together account for 75% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Newtek Small Business Finance, INC. leads this industry with 1 approvals (25% market share) and a median loan of $110,000.
- SBA data for this industry goes through 2024-08-13 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Homes for the Elderly in Massachusetts
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $110,000 | |
| 2 | 1 | $2,410,000 | |
| 3 | 1 | $193,500 | |
| 4 | 1 | $1,133,000 |
Recent SBA 7(a) approvals for Homes for the Elderly in Massachusetts
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-02 | Common Capital Inc. | Hap*****LLC | Springfield, MA | $269,000 |
| 2024-08 | Brookline Bank, a Division of Beacon Bank and Trust | NEW*****INC | METHUEN, MA | $2,410,000 |
| 2022-05 | Newtek Small Business Finance, Inc. | Skl*****LLC | MIDDLEBORO, MA | $110,000 |
| 2022-02 | Webster Bank National Association | HIL*****NC. | WELLESLEY, MA | $193,500 |
| 2022-02 | Webster Bank National Association | FW**LLC | AMESBURY, MA | $193,500 |
| 2022-01 | Celtic Bank Corporation | Bur*****ome | Dorchester, MA | $1,133,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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