Eastern Bank
MA
SBA-approved lender offering 7 loan programs across 57 industries.
Key Metrics
Interest Rate
9.77%
3.02% over prime
Average Loan
$152K
Per approval
Total Approvals
321
FY 2025
Loan Programs (7)
7a General
7a with WCP
Change of Ownership
Existing or more than 2 years old
Fixed Rates
New Business or 2 years or less
Preferred Lenders Program
Industries Served (57)
Administrative Management and General Management Consulting ServicesAll Other Automotive Repair and MaintenanceAll Other Miscellaneous Ambulatory Health Care ServicesAll Other Professional, Scientific, and Technical ServicesAutomotive Body, Paint, and Interior Repair and MaintenanceBarber ShopsBeauty SalonsBed-and-Breakfast InnsCaterersChild Day Care ServicesCoffee and Tea ManufacturingConfectionery and Nut StoresDance CompaniesDocument Preparation ServicesDrywall and Insulation ContractorsElectrical ContractorsFinish Carpentry ContractorsFitness and Recreational Sports CentersFlooring ContractorsFull-Service RestaurantsGeneral Automotive RepairGraphic Design ServicesIce Cream and Frozen Dessert ManufacturingJanitorial ServicesJewelry, Watch, Precious Stone, and Precious Metal Merchant WholesalerLandscape Architectural ServicesLandscaping ServicesLimited-Service RestaurantsMasonry ContractorsMeat and Meat Product Merchant WholesalersMotion Picture and Video ProductionNail SalonsNew Single-Family Housing Construction (except Operative Builders)Office Administrative ServicesOffices of All Other Miscellaneous Health PractitionersOffices of Certified Public AccountantsOffices of LawyersOffices of Physical, Occupational and Speech Therapists, and AudiologiOther Accounting ServicesOther Commercial and Industrial Machinery and Equipment Rental and LeaOther Computer Related ServicesOther Miscellaneous Nondurable Goods Merchant WholesalersOther Performing Arts CompaniesOther Specialized Design ServicesPainting and Wall Covering ContractorsPhotography Studios, PortraitPlumbing, Heating, and Air-Conditioning ContractorsPower and Communication Line and Related Structures ConstructionResidential RemodelersRoofing ContractorsShellfish FarmingSolar Electric Power GenerationSupermarkets and Other Grocery (except Convenience) StoresTax Preparation ServicesTile and Terrazzo ContractorsTotalizing Fluid Meter and Counting Device ManufacturingUsed Household and Office Goods Moving
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 3.02%
- Effective Rate
- 9.77%
- Fiscal Year
- 2025
- States Served
- MA
- Website
- www.easternbank.com
Ready to apply with Eastern Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.