SBA Loans for Professional Services in Rhode Island
Since fiscal year 2021, at least 31 lenders made 102 SBA loans to Professional Services businesses in Rhode Island. These are the most active, based on public SBA data.
Most active SBA lenders for Professional Services in Rhode Island
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | Beacon Bank and Trust Brookline, MA | 17 | $319,524 | 17% | 7(a), Express |
| 2 | BankNewport Middletown, RI | 12 | $69,075 | 16% | Express |
| 3 | TD Bank, National Association Wilmington, DE | 9 | $118,190 | 48% | 7(a), Express |
| 4 | Eastern Bank Boston, MA | 6 | $324,264 | 20% | 7(a), Express |
| 5 | Webster Bank National Association Waterbury, CT | 5 | $448,782 | 34% | 7(a), Express |
| 6 | Bristol County Savings Bank Taunton, MA | 5 | $380,115 | 22% | 7(a), Express |
| 7 | Newtek Bank, National Association Miami, FL | 5 | $447,200 | 12% | 7(a), Express |
| 8 | Northeast Bank Lewiston, ME | 5 | $149,731 | 6% | 7(a) |
| 9 | BayFirst National Bank Saint Petersburg, FL | 4 | $137,188 | 4% | 7(a) |
| 10 | Bank of America, National Association Charlotte, NC | 3 | $413,808 | 12% | 7(a), Express |
Related guide: What Is an SBA Loan and How Does It Work?
Other industries in Rhode Island
- Construction182 loans
- Retail Stores174 loans
- Restaurants & Lodging172 loans
- Personal Services & Repair118 loans
- Health Care117 loans
- Manufacturing87 loans
- Cleaning, Landscaping & Admin72 loans
- Wholesale & Distribution52 loans
← All SBA lenders in Rhode Island
Frequently asked questions
Which lenders make the most SBA loans to Professional Services businesses in Rhode Island?
Based on public SBA data, the most active were Beacon Bank and Trust, BankNewport, TD Bank, National Association.
How many SBA loans did Professional Services businesses get in Rhode Island?
102 SBA loans since fiscal year 2021, from at least 31 different lenders.
Which SBA loan fits a Professional Services business?
Most use a 7(a) for equipment, build-out, working capital or buying a business, and a 504 to buy their building. For under $50,000, look at Microloans.
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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.