Geography · SBA lending record
SBA lenders in Rhode Island
865 SBA 7(a) loans in the last five years, from 86 different lenders. Here is who actually lends here.
Who lends here most
last 5 fiscal years| Lender | Loans in RI | Typical loan | Median rate |
|---|---|---|---|
| BankNewport | 112 | $60k | P+4.46 |
| TD Bank, National Association | 98 | $25k | P+4.28 |
| Beacon Bank and Trust | 83 | $100k | P+1.99 |
| Eastern Bank | 67 | $150k | P+1.33 |
| Webster Bank National Association | 54 | $132k | P+1.59 |
| Bristol County Savings Bank | 40 | $100k | P+1.00 |
| Navigant CU · too few loans nationally for a page | 34 | $196k | P+1.39 |
| Santander Bank, National Association | 26 | $50k | P+4.90 |
| The Huntington National Bank | 25 | $247k | P+2.47 |
| Citizens Bank, National Association | 24 | $398k | P+2.60 |
Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.
What gets funded here
by industryHow big the loans are
If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.
SBA 504 lending in Rhode Island
504 FOIA recordA 504 loan pairs a bank first mortgage with a fixed-rate second through a Certified Development Company — used mostly for owner-occupied property and heavy equipment. Here is who runs 504 deals in Rhode Island, and how they have performed.
CDCs most active in Rhode Island
- Ocean State Business Development Authority — 370 loans
- Bay Colony Development Corporation — 198 loans
- New England Certified Development Corporation — 182 loans
- South Eastern Economic Development Corporation — 64 loans
- Community Investment Corporation — 49 loans
- Granite State Economic Development Corporation — 2 loans
Most-financed here: Full-Service Restaurants, Offices of Lawyers, Offices of Physicians, General Automotive Repair.
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SBA lending in other states
States with comparable volume, plus the three largest markets.