SBA Lenders in Rhode Island
In fiscal years 2021–2026, 97 lenders made 1,258 SBA loans in Rhode Island, totaling $462.9 million. The average loan was $367,940, and 29% went to startups or businesses under two years old.
By program: 510 7(a) loans, 748 SBA Express and 0 504 (counting both the CDC and partner bank on each project).
Top 10 most active SBA lenders in Rhode Island
| # | Lender | SBA loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | BankNewport Middletown, RI | 154 | $69,075 | 16% | Express |
| 2 | TD Bank, National Association Wilmington, DE | 136 | $118,190 | 48% | 7(a), Express |
| 3 | Eastern Bank Boston, MA | 112 | $324,264 | 20% | 7(a), Express |
| 4 | Beacon Bank and Trust Brookline, MA | 105 | $319,524 | 17% | 7(a), Express |
| 5 | Webster Bank National Association Waterbury, CT | 95 | $448,782 | 34% | 7(a), Express |
| 6 | Bristol County Savings Bank Taunton, MA | 54 | $380,115 | 22% | 7(a), Express |
| 7 | Navigant CU Smithfield, RI | 44 | $256,086 | 30% | 7(a), Express |
| 8 | Citizens Bank, National Association Providence, RI | 38 | $746,097 | 42% | 7(a), Express |
| 9 | Northeast Bank Lewiston, ME | 36 | $149,731 | 6% | 7(a) |
| 10 | The Huntington National Bank Columbus, OH | 33 | $363,376 | 64% | 7(a), Express |
Lenders that fund the most startups in Rhode Island
- TD Bank, National Association — 65 startup loans (48% of its loans)
- Webster Bank National Association — 32 startup loans (34% of its loans)
- BankNewport — 24 startup loans (16% of its loans)
- Eastern Bank — 22 startup loans (20% of its loans)
- The Huntington National Bank — 21 startup loans (64% of its loans)
SBA loans by industry in Rhode Island
- Construction182 loans
- Retail Stores174 loans
- Restaurants & Lodging172 loans
- Personal Services & Repair118 loans
- Health Care117 loans
- Professional Services102 loans
- Manufacturing87 loans
- Cleaning, Landscaping & Admin72 loans
- Wholesale & Distribution52 loans
- Trucking & Transportation51 loans
- Fitness & Entertainment37 loans
- Real Estate & Rental31 loans
- Education & Childcare15 loans
Related guides
Frequently asked questions
Which lenders make the most SBA loans in Rhode Island?
Based on public SBA data for fiscal years 2021–2026, the most active were BankNewport, TD Bank, National Association, Eastern Bank. Also compare their average loan size and how much they lend to startups.
How many SBA loans were made in Rhode Island?
1,258 SBA loans totaling $462.9 million in fiscal years 2021–2026, with an average of $367,940.
Can I get an SBA loan in Rhode Island with a green card?
No. Since March 2026, all owners must be U.S. citizens or nationals for SBA 7(a) and 504 loans. CDFIs and some credit unions are good alternatives.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.