SBA 7(a) Life Science Lab Feasibility Study in Massachusetts

The Massachusetts life science lab (SBA 7(a)) record in detail

Across FY2017 and FY2026, SBA backed 27 loans in the 7(a) program to life science lab projects in Massachusetts, worth $8.3 million in gross dollars. Ranked against other states by life science lab (SBA 7(a)) loan counts, Massachusetts lands at 2; inside Massachusetts itself, this class holds 20 of 39 among the asset classes. The median life science lab loan in Massachusetts is $150,000; against the national median for life science lab loans under SBA 7(a), 0.64x is the ratio, so Massachusetts borrowers take lighter amounts than their peers elsewhere. The middle half of Massachusetts loans fall from $100,000 to $280,400. The franchise share of Massachusetts loans is 0.00%. Massachusetts life science lab lending blends into its parents across 27 loans: nothing in Massachusetts clears the distinctness margin, so Massachusetts readers must read Massachusetts's lender, county and timing detail.

For Massachusetts life science lab: institutions and local spread

Among Massachusetts institutions, the top names by loans approved are Webster Five Cents Savings Bank (6 loans, $3.4 million) and Rockland Trust Company (5 loans, $1.9 million). The Massachusetts life science lab ranking follows whoever owns each Massachusetts loan, so the lender that originated those 6 loans could be another firm. Massachusetts's life science lab loans sort by county as follows: Middlesex with 10, Worcester with 8, Essex with 3 and Bristol with 2. Timing tells a simple story for life science lab in Massachusetts: approvals peaked at 5 loans, worth $820,900, in FY2022, with FY2026 at 3 loans and $319,700; the series opened alongside 3 loans in FY2017.

Massachusetts: floors for cancellation and loss, with one life science lab coding caveat

No figure appears for the Massachusetts life science lab cancellation rate, since too few Massachusetts loans sit in the cohort; treat the Massachusetts gap as withheld, not as zero life science lab cancellations. Too few life science lab loans were disbursed in Massachusetts between FY2017 and FY2021 to support a life science lab charge-off rate; the figure stays withheld, and the empty life science lab cell does not mean zero. Readers should treat these Massachusetts rates as minimums, not as final results. One coding limit shapes Massachusetts life science lab figures: the code files the research business, not the laboratory building, and the code additionally includes research that isn't life science.

The work behind a Massachusetts life science lab loan application

Under 7(a), a Massachusetts life science lab request is judged by the Massachusetts participating lender, whose guaranteed life science lab loan depends on Massachusetts cash flow and the real estate the Massachusetts study must document. Demand for life science lab space in Massachusetts depends on funded research groups, institutional links and nearby existing research space. Building systems and specialist fit-out sit inside the Massachusetts life science lab cost plan. Debt service coverage for Massachusetts life science lab needs to be tested at the $150,000 median and again near $280,400, the top end of the Massachusetts middle half, with a weaker life science lab scenario beside both. An appraisal must split the building and a going concern, so our work keeps that split. Webster Five Cents Savings Bank's 6 loans show what a Massachusetts life science lab lender has funded, yet they reveal nothing about what Webster Five Cents Savings Bank will ask of a Massachusetts life science lab borrower, which stays its own to state.

These $8.3 million of Massachusetts approvals are SBA's own Massachusetts data, offered as context for a life science lab request; the life science lab study, signed by Daniel Smith, MAI, for Massachusetts, carries the local work, and no figure on this Massachusetts page guarantees an approval.