Eastern Bank: the SBA record

4,800 loans carry Eastern Bank as holder across FY2017 to FY2026: $574.5 million gross. In SBA's file, Eastern Bank sits in Massachusetts. Every one of the 4,800 loans is a holding: Eastern Bank is current or last holder, per SBA. 4,800 loans fall under SBA 7(a). The page counts 0 in SBA 504. Eastern Bank's file closes on FY2026, a full year. 4,800 loans, $574.5 million gross: that is Eastern Bank's whole record. The 4,800 loans carry SBA's guarantee and not Eastern Bank's, so no policy shows here.

3,747 of Eastern Bank's 4,800 loans have no named class. Eastern Bank lists these classes: Full-service restaurant (233); Beauty salon, 135; Automotive mechanical repair (car and truck) at 102; Limited-service restaurant, 90; Liquor store, 59; Grocery store (56); Medical office (physicians) (55); Fitness center, 55; Child care center (50); Dental office, 41; Gas station and truck stop (26); Beverage manufacturing (breweries, wineries, distilleries), 26; Coffee shop and snack bar, 24; Rehabilitation and therapy clinic, 17. 233 Full-service restaurant loans sit beside 3,747 unclassed ones in Eastern Bank's 4,800. Eastern Bank's class lines cover part of 4,800. At Eastern Bank, 135 Beauty salon loans follow 233 Full-service restaurant.

Eastern Bank by state

Eastern Bank shows these states: Massachusetts at 4,158; New Hampshire at 373; Rhode Island (253). Massachusetts is also where SBA records Eastern Bank, so the book starts at home. Massachusetts alone holds 4,158 of Eastern Bank's 4,800 loans. Eastern Bank's table maps 4,800 loans, no boundary for sites beyond Massachusetts.

Eastern Bank outcome floors

FY2017 to FY2024 approvals: 7.7% cancelled after approval, a floor. Ceiling: 8.5%, with undisbursed loans counted cancelled. Among 2,895 loans from the FY2017 to FY2021 disbursements, the floor is 7.7%, charged off to date. 5.8% inside five years of approval. 7.7% cancelled means approval is not funding. 7.7% charged off in 2,895 loans: cash flow must hold. At Eastern Bank, test one is site demand. At Eastern Bank, test two is full project cost. At Eastern Bank, test three is debt service coverage. For Eastern Bank, test four is the appraisal.

Eastern Bank's file hands a lender 4,800 loans and $574.5 million gross. Eastern Bank's book gives a borrower 4,800 holdings, not terms. Nothing in Eastern Bank's 4,800 loans predicts its answer to a request. 233 Full-service restaurant loans come first. Eastern Bank's record stops at holdings. For Eastern Bank, bring a self-standing study. Eastern Bank appears here as holder of 4,800 loans, and the record ends there.

SBA loans held by Eastern Bank

SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).

7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.

Loans approved, FY2017 to FY2026	4,800
Gross dollars approved	$574.5 million
SBA 7(a) loans	4,800
SBA 504 loans	0

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	7.7%
The same, counting loans still undisbursed as cancelled (a ceiling)	8.5%
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	7.7%
Charged off within five years of approval	5.8%
Loans in that cohort	2,895

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	3,747
Full-service restaurant	233
Beauty salon	135
Automotive mechanical repair (car and truck)	102
Limited-service restaurant	90
Liquor store	59
Grocery store	56
Medical office (physicians)	55
Fitness center	55
Child care center	50
Dental office	41
Gas station and truck stop	26
Beverage manufacturing (breweries, wineries, distilleries)	26
Coffee shop and snack bar	24
Rehabilitation and therapy clinic	17
Caterers (includes banquet halls with catering staff)	16
Veterinary clinic	12
Car wash	10
Behavioral health and addiction treatment	9
Warehouse and distribution	7
Nonresidential lessor (flex, office and retail investor buildings)	5
School (elementary and secondary, including charter)	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Loans by project state

State or area	Loans
Massachusetts	4,158
New Hampshire	373
Rhode Island	253

States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-fdic-32773.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Eastern Bank or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Eastern Bank: SBA Lending Record