How many small businesses are in Massachusetts?

Massachusetts has approximately 723,000 small businesses, representing 99.5 percent of all businesses in the state. They employ 1.5 million workers — 47.5 percent of Massachusetts's private workforce. Source: SBA Office of Advocacy, 2024 Small Business Profile.

How active is SBA 7(a) lending in Massachusetts?

Massachusetts received 1,987 SBA 7(a) loan approvals in FY2024, totaling $782 million. The average loan size was approximately $394,000. Source: SBA FOIA loan dataset, FY2024 aggregate.

Does Massachusetts have a commercial financing disclosure law?

No. Massachusetts has not enacted a statewide commercial financing disclosure law as of 2026. Commercial lending is governed primarily by federal law and lender agreements.

What financing products work best for Massachusetts small businesses?

Life sciences and professional services firms use working capital lines and equipment financing for lab technology. Healthcare practices access SBA 7(a). Construction and hospitality businesses use equipment financing and revenue-based products. The right product depends on your revenue, time in business, and use of funds.

Is ClearValue Lending available in Massachusetts?

Yes. ClearValue Lending routes Massachusetts SMB applicants to lender partners operating across Boston, Worcester, Springfield, Cambridge, and statewide. We are a funding platform, not a lender or broker.

What are typical eligibility minimums for Massachusetts SMB financing?

SBA 7(a) typically requires 2+ years in business, 650+ FICO, and $150,000+ annual revenue. Revenue-based financing may be available with 500+ FICO, 6+ months in business, and $10,000+ monthly revenue. All financing is subject to lender underwriting on the full file.

Small Business Loans in Massachusetts

Massachusetts has 723,000 small businesses employing 1.5 million workers — 47.5 percent of the state's private workforce. In FY2024, Massachusetts small businesses received 1,987 SBA 7(a) loans totaling $782 million, with an average loan size of approximately $394,000. Massachusetts has one of the highest concentrations of knowledge-economy SMBs in the country, anchored by Boston's biotech, financial services, and academic ecosystems.