Skip to content

Checked

PPP Loans in Rhode Island

33,805 loans worth $2.9B went to businesses and nonprofits in Rhode Island in 2020 and 2021, supporting 318,466 reported jobs.

Loans
33,805
Program ran 2020 to 2021
Total approved
$2.9B
Average $85,135
Jobs reported
318,466
Forgiven
$2.8B
98% of approved

Search PPP loans

Look up a business by name, or list every loan in a ZIP code.

PPP loans by county in Rhode Island

By borrower ZIP code, largest first

Swipe the table sideways to see more columns.

#CountyLoansAmountJobs reported
1Providence County19,386$1.7B188,324
2Kent County5,236$486M51,051
3Washington County4,386$302M36,850
4Newport County3,182$252M29,917
5Bristol County1,569$106M12,085

Loans by industry

Share of total loan dollars

  • Health care and social assistance3,154 loans15.9%
  • Accommodation and food services3,373 loans13.6%
  • Construction3,738 loans12.4%
  • Manufacturing1,869 loans12.3%
  • Professional and technical services4,169 loans9.7%
  • Other services4,357 loans6.9%
  • Retail trade2,665 loans6.0%
  • Administrative and support services1,709 loans4.8%
  • Wholesale trade984 loans4.1%
  • Real estate and rental1,601 loans2.6%

Loans by size

Share of the number of loans

  • Under $20K14,69443.5%
  • $20K to $50K9,22727.3%
  • $50K to $150K6,09218.0%
  • $150K to $350K2,2116.5%
  • $350K to $1M1,1643.4%
  • $1M to $2M3040.9%
  • $2M or more1130.3%

Top lenders

By loan dollars

  1. 1Citizens Bank, National Association7,645$528M
  2. 2Bank Rhode Island2,275$447M
  3. 3The Washington Trust Company of Westerly2,610$286M
  4. 4Bank of America, National Association2,430$234M
  5. 5BankNewport2,561$180M
  6. 6Webster Bank National Association1,069$139M
  7. 7Navigant CU1,801$128M
  8. 8HarborOne Bank912$113M
  9. 9Centreville Bank784$68.9M
  10. 10Bristol County Savings Bank306$64.1M

Largest PPP loans in Rhode Island

Top 25 by approved amount

BorrowerLocationLoanJobsForgivenApproved
Coastal Medical, INC.Health care and social assistanceProvidnce, RI02903$9M500$9.1MForgiven on 06/11/202105/01/2020
Brown MedicineHealth care and social assistanceProvidence, RI02903$8.5M421$8.6MForgiven on 06/11/202104/09/2020
Taco INCManufacturingCranston, RI02920$8.2M478$8.3MForgiven on 06/28/202104/27/2020
University Orthopedics, INC.Health care and social assistanceEast Providence, RI02914$7.4M476$7.5MForgiven on 02/22/202104/04/2020
H. Carr & Sons, INC.ConstructionProvidence, RI02904$7M402$7.1MForgiven on 06/23/202104/12/2020
Kvh Industries INCManufacturingMiddletown, RI02842$6.9M419$7MForgiven on 09/17/202105/01/2020
Collette Travel Service INCAdministrative and support servicesPawtucket, RI02860$6.7M453$6.8MForgiven on 06/16/202108/07/2020
Rhode Island Medical Imaging, INC.Health care and social assistanceWarwick, RI02886$6.5M471$6.6MForgiven on 04/15/202104/11/2020
East Coast Interiors Corp.ConstructionWarwick, RI02888$6.3M261$6.4MForgiven on 06/11/202104/13/2020
Arden Engineering Constructors, LLCConstructionPawtucket, RI02861$5.7M197$5.7MForgiven on 06/15/202104/29/2020
Cardi CorporationConstructionWarwick, RI02888$5.6M325$5.7MForgiven on 06/11/202104/08/2020
Technic, INC.ManufacturingCranston, RI02910$5.5M399$5.6MForgiven on 08/18/202104/10/2020
Pet Food Experts INC.Wholesale tradePawtucket, RI02860$5.5M493$5.5MForgiven on 08/04/202104/07/2020
Brown Emerency MedicineOther servicesProvidence, RI02908$5.2M250$5.3MForgiven on 06/11/202104/04/2020
Greystone of Lincoln INCManufacturingLincoln, RI02865$5.2M500$5.2MForgiven on 09/07/202104/10/2020
Delta MechanicalConstructionWarwick, RI02886$5.1M160$5.1MForgiven on 08/05/202108/04/2020
Ximedica LLCManufacturingProvidence, RI02907$4.9M209$5MForgiven on 06/15/202104/28/2020
Perspectives CorporationHealth care and social assistanceNorth Kingstown, RI02852$4.8M500$4.9MForgiven on 06/29/202204/30/2020
Encore Holdings LLCConstructionPawtucket, RI02860$4.6M268$4.6MForgiven on 08/11/202104/07/2020
Thielsch Engineering, INC.Professional and technical servicesCranston, RI02910$4.5M347$4.6MForgiven on 06/01/202104/28/2020
Starkweather and Shepley Insurance Brokerage INCFinance and insuranceEast Providence, RI02914$4.5M257$4.5MForgiven on 03/10/202104/15/2020
Hinckley, Allen & Snyder LLPProfessional and technical servicesProvidence, RI02903$4.4M206$4.5MForgiven on 06/11/202104/14/2020
Astronova, INC.ManufacturingWest Warwick, RI02893$4.4M248$4.5MForgiven on 06/15/202104/27/2020
Community Care AllianceHealth care and social assistanceWoonsocket, RI02895$4.4M432$4.5MForgiven on 06/15/202105/01/2020
Children's Friend and ServiceHealth care and social assistanceProvidence, RI02903$4.3M475$3.3MForgiven on 12/08/202104/08/2020

Names of sole proprietors, self-employed individuals and independent contractors are not shown. Street addresses are not shown for any borrower.

Frequently asked questions

How many PPP loans were made in Rhode Island?
Lenders approved 33,805 PPP loans worth $2,877,987,897 for borrowers in Rhode Island, an average of $85,135 per loan.
What was the largest PPP loan in Rhode Island?
The largest was $9,048,600 to Coastal Medical, INC. in Providnce, which reported 500 jobs.
Which county in Rhode Island got the most PPP money?
Providence County received the most, $1.7B across 19,386 loans.