SBA Loans for Restaurants & Lodging in Rhode Island
Since fiscal year 2021, at least 39 lenders made 172 SBA loans to Restaurants & Lodging businesses in Rhode Island. These are the most active, based on public SBA data.
Most active SBA lenders for Restaurants & Lodging in Rhode Island
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | BankNewport Middletown, RI | 21 | $69,075 | 16% | Express |
| 2 | Webster Bank National Association Waterbury, CT | 17 | $448,782 | 34% | 7(a), Express |
| 3 | Navigant CU Smithfield, RI | 13 | $256,086 | 30% | 7(a), Express |
| 4 | Beacon Bank and Trust Brookline, MA | 12 | $319,524 | 17% | 7(a), Express |
| 5 | TD Bank, National Association Wilmington, DE | 11 | $118,190 | 48% | 7(a), Express |
| 6 | Community Investment Corporation Hamden, CT | 8 | $157,126 | 61% | 7(a) |
| 7 | Northeast Bank Lewiston, ME | 8 | $149,731 | 6% | 7(a) |
| 8 | Citizens Bank, National Association Providence, RI | 7 | $746,097 | 42% | 7(a), Express |
| 9 | Santander Bank, National Association Wilmington, DE | 7 | $59,575 | 4% | Express |
| 10 | Bristol County Savings Bank Taunton, MA | 6 | $380,115 | 22% | 7(a), Express |
Related guide: SBA Loans for Restaurants
Other industries in Rhode Island
- Construction182 loans
- Retail Stores174 loans
- Personal Services & Repair118 loans
- Health Care117 loans
- Professional Services102 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 Restaurants & Lodging businesses in Rhode Island?
Based on public SBA data, the most active were BankNewport, Webster Bank National Association, Navigant CU.
How many SBA loans did Restaurants & Lodging businesses get in Rhode Island?
172 SBA loans since fiscal year 2021, from at least 39 different lenders.
Which SBA loan fits a Restaurants & Lodging 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.