Eastern Bank
Headquartered in Boston, MA. Analysis based on 2,197 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $337.9M.
Risk ranking: Among 65 lenders with 500+ mature SBA 7(a) loans (FY2020–FY2023),
Eastern Bank ranks #51 by charge-off rate (2.94%).
Total 7(a) loans
2,197
Total approved
$337.9M
Average loan
$154K
States funded in
6
Charge-off rate
2.94%
FY2020–FY2023 cohort
Paid-in-full rate
42.03%
Average rate
8.38%
Average term
87 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 111 |
| 561730 | Landscaping Services | 77 |
| 812112 | Beauty Salons | 66 |
| 541110 | Offices of Lawyers | 61 |
| 236115 | New Single-Family Housing Construction (except Operative Builders) | 51 |
| 561720 | Janitorial Services | 50 |
| 541990 | All Other Professional, Scientific, and Technical Services | 50 |
| 811111 | General Automotive Repair | 48 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 48 |
| 722513 | Limited-Service Restaurants | 46 |
Top 10 states
| State | Loans |
|---|---|
| MA | 1,888 |
| NH | 172 |
| RI | 129 |
| ME | 6 |
| WY | 1 |
| FL | 1 |
Top franchise brands financed
33 franchise loans across 24 distinct brands.
| Franchise | Loans |
|---|---|
| YogaSix | 3 |
| Ben & Jerry's | 3 |
| btone FITNESS | 2 |
| Set the Stage | 2 |
| Archadeck | 2 |
| The Brothers that just do Gutt | 2 |
| Pirtek | 2 |
| The UPS Store (f/k/a Mail Box | 1 |
| Filta Environmental Kitchen So | 1 |
| Midas | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.