PPP lender · derived table
Eastern Bank
Eastern Bank appears in the SBA PPP loan-level file with 19,317 loans and $2.4 billion in approved dollars, an average of $121,789 a loan. That is 0.17% of the 11,468,171 loans the file records, rank 59 of the 500 largest lenders by approved dollars and rank 71 by loan count. Borrowers on those loans reported 227,691 jobs, 11.8 a loan, and $10,332 of approved dollars for each reported job. 1 page in the archive carries the name in a title or description.
Totals
| Loans | 19,317 |
| Approved dollars | $2,352,598,103.05 |
| Average loan | $121,789 |
| Share of program loans | 0.1684% |
| Rank by approved dollars | 59 of 500 |
| Rank by loan count | 71 of 500 |
| Jobs reported | 227,691 |
| Jobs per loan | 11.7871 |
| Approved dollars per reported job | $10,332.42 |
| Borrowers | 18,093 |
| Loans per borrower | 1.068 |
| Lender type (archive classification) | Community bank |
| Modeled processing fees | $91,589,882.46 |
| Modeled fees, 2020 first-draw loans | $53,339,314.42 |
| Modeled fees, 2021 first-draw loans | $5,562,045.60 |
| Modeled fees, 2021 second-draw loans | $32,688,522.44 |
| Modeled fee per loan | $4,741.41 |
| Rank by modeled fees | 56 of 4,688 originating lenders |
Named in the archive
1 page in the archive carries this name in a title or description. The match is on the page title and description, not a finding about the lender's role in the case.
| Date | Page | Section |
|---|---|---|
| American Banker, Eastern Bank spinout profile | Source documents |
Data and method
Totals come from SBA's PPP loan-level file (FOIA release of 2024-09-30); ranks are among its 4,688 named originating lenders. Modeled fees are computed loan by loan from SBA's published fee schedule, because SBA never published what it paid each lender. Jobs are self-reported; dollars are approved, not disbursed; the totals leave out 39 source rows. The per-lender totals page has the full method.