Checked
SBA Loans in Rhode Island
7(a) and 504 loans approved, fiscal years 2022 to 2026
- Loans approved
- 1,315
- Amount approved
- $489M
- Jobs supported
- 10,013
- As reported by borrowers
Counts and dollar amounts are SBA 7(a) and 504 loans approved in each federal fiscal year (October to September), from SBA's FOIA loan data. Loans are placed by the project county and the borrower's city. Borrower names are not shown. Jobs supported are the jobs borrowers reported when they applied.
Loans by fiscal year
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| Year | Loans | Amount | Average | 7(a) | 504 |
|---|---|---|---|---|---|
| FY2026 (through 06/30/2026) | 163 | $54.16M | $332,256 | 137 | 26 |
| FY2025 | 376 | $139M | $369,115 | 331 | 45 |
| FY2024 | 295 | $93.88M | $318,248 | 252 | 43 |
| FY2023 | 245 | $100M | $408,172 | 199 | 46 |
| FY2022 | 236 | $102M | $432,518 | 158 | 78 |
Top industries
All years shown, by amount
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| Industry | Loans | Amount |
|---|---|---|
| Full-Service Restaurants | 156 | $56.93M |
| Hotels (except Casino Hotels) and Motels | 17 | $29.21M |
| Beer, Wine, and Liquor Stores | 30 | $19.5M |
| Carpet and Upholstery Cleaning Services | 54 | $18.28M |
| Fitness and Recreational Sports Centers | 29 | $17.52M |
| Pet Care (except Veterinary) Services | 36 | $15.4M |
| Supermarkets and Other Grocery (except Convenience) Stores | 28 | $13.88M |
| Site Preparation Contractors | 46 | $13.47M |
| Assisted Living Facilities for the Elderly | 4 | $13.21M |
| General Line Grocery Merchant Wholesalers | 12 | $11.2M |
Top lenders
7(a) lenders and 504 certified development companies, by amount
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| Lender | Loans | Amount |
|---|---|---|
| Ocean State Business Development Authority | 110 | $67.08M |
| Beacon Bank and Trust | 89 | $28.49M |
| Webster Bank National Association | 68 | $27.39M |
| New England Certified Development Corporation | 51 | $27.07M |
| Bay Colony Development Corporation | 47 | $26.85M |
| Citizens Bank, National Association | 32 | $25.05M |
| Eastern Bank | 77 | $21.31M |
| Live Oak Banking Company | 18 | $20.72M |
| Bristol County Savings Bank | 45 | $14.53M |
| Readycap Lending, LLC | 23 | $12.44M |
By county
All years shown
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| County | Loans | Amount |
|---|---|---|
| Providence County | 695 | $237M |
| Kent County | 235 | $100M |
| Washington County | 153 | $78.41M |
| Newport County | 165 | $53.38M |
| Bristol County | 67 | $19.93M |
By city
Cities with at least 5 loans
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| City | Loans | Amount |
|---|---|---|
| Providence | 194 | $62.9M |
| Warwick | 127 | $61.09M |
| Cranston | 121 | $39.81M |
| Newport | 60 | $22.29M |
| East Providence | 44 | $19.07M |
| Westerly | 21 | $15.42M |
| Pawtucket | 48 | $13.19M |
| Woonsocket | 25 | $8.47M |
| Tiverton | 32 | $6.41M |
| Charlestown | 12 | $3.06M |
| Central Falls | 7 | $2.19M |
| Pascoag | 5 | $1.75M |
| Hope Valley | 5 | $1.11M |
| Greenville | 6 | $635K |
Source: U.S. Small Business Administration, 7(a) and 504 FOIA loan data · Last updated 06/30/2026