SBA 7(a) loans in Rhode Island
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
653loans approved
$100,000median loan
$50K–$255Kmiddle half of loans
$204.6Mtotal approved
10%median initial rate
10 yrsmedian term
The median Rhode Island loan is 43% smaller than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Full-Service Restaurants (722511) | 48 | $100,000 |
| Limited-Service Restaurants (722513) | 26 | $184,000 |
| Landscaping Services (561730) | 26 | $90,000 |
| All Other Specialty Trade Contractors (238990) | 19 | $75,000 |
| Residential Remodelers (236118) | 17 | $73,000 |
| Child Day Care Services (624410) | 12 | $224,100 |
| General Automotive Repair (811111) | 12 | $100,000 |
| Beauty Salons (812112) | 12 | $50,000 |
| New Single-Family Housing Construction (except For-Sale Builders) (236115) | 12 | $100,000 |
| Fitness and Recreational Sports Centers (713940) | 12 | $219,650 |
Most active lenders in Rhode Island
| Lender | Loans | Median | Total |
|---|---|---|---|
| Banknewport | 149 | $50,000 | $10.0M |
| TD Bank, National Association | 56 | $25,000 | $4.6M |
| Beacon Bank and Trust | 53 | $100,000 | $16.1M |
| Santander Bank, National Association | 42 | $100,000 | $10.4M |
| Eastern Bank | 38 | $150,000 | $8.4M |
| Bristol County Savings Bank | 24 | $100,000 | $6.5M |
| Readycap Lending, LLC | 21 | $130,000 | $12.9M |
| The Huntington National Bank | 19 | $250,000 | $8.9M |
| Navigant Cu | 18 | $248,250 | $5.1M |
| Newtek Bank, National Association | 16 | $187,500 | $5.2M |
SBA 504 loans in Rhode Island
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
122504 loans approved
$341,000median CDC portion
$69.2Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in Rhode Island
| Lender | Loans | Median | Total |
|---|---|---|---|
| Ocean State Business Development Authority | 60 | $415,000 | $35.0M |
| New England Certified Development Corporation | 25 | $392,000 | $18.5M |
| Bay Colony Development Corporation | 23 | $310,000 | $10.5M |
| Community Investment Corporation | 11 | $248,000 | $3.7M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.