Rhode Island SBA Loan Data

16,522 loans totaling $3.0B across all SBA programs.

Total Loans

16,522

1992–2025

Total Volume

$3.0B

Gross approval amount

Avg Loan Size

$182K

Median: $75K

Avg Interest Rate

6.83%

Default rate: 9.7%

SBA Lending by County

Click any county to explore its loan data. Showing: Total Volume

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Counties in Rhode Island


Providence →	8,858	$1.6B	$177K
Kent →	3,005	$572.4M	$190K
Washington →	2,131	$428.5M	$201K
Newport →	1,577	$306.0M	$194K
Bristol →	916	$126.4M	$138K
Unassigned	24	$1.8M	$76K

Rhode Island Loan Status

Active10.2%

Paid in Full67.4%

Charged Off8.4%

Cancelled13.5%

Committed0.5%

Note: Loans from 2023 and later may show lower default rates because they haven't had enough time to mature. Default rates typically stabilize after 5+ years.

Rhode Island Annual Lending Volume

Number of Loans per Year

Top Industries

Loan Size Distribution

Top Lenders in Rhode Island


Citizens Bank, National Association	5,048	$364.7M	$72K	6.47%	11.9%
Eastern Bank	1,327	$261.3M	$197K	5.77%	8.5%
Brookline Bank, a Division of Beacon Bank and Trust	1,680	$256.8M	$153K	6.29%	6.2%
Bank of America, National Association	1,492	$192.5M	$129K	6.64%	11.6%
The Washington Trust Company of Westerly	943	$169.0M	$179K	5.77%	11.4%
BankNewport	672	$144.3M	$215K	7.95%	2.2%
Webster Bank National Association	382	$127.9M	$335K	6.41%	4.4%
Bristol County Savings Bank	375	$99.9M	$266K	6.29%	2.5%
Independence Bank	285	$95.6M	$335K	6.51%	24.6%
Santander Bank, National Association	608	$93.5M	$154K	8.30%	9.0%
Northeast Bank	238	$76.3M	$321K	7.73%	9.1%
Newtek Small Business Finance, Inc.	90	$68.9M	$765K	6.68%	2.9%
Navigant CU	272	$59.8M	$220K	6.82%	3.6%
Shoreham Bank	241	$55.0M	$228K	7.72%	4.8%
Readycap Lending, LLC	129	$49.8M	$386K	12.00%	17.5%
Centreville Bank	117	$47.2M	$403K	5.18%	3.5%
TD Bank, National Association	219	$41.3M	$189K	9.95%	13.3%
Live Oak Banking Company	39	$34.9M	$894K	7.45%	0.0%
Coastal1 Credit Union	56	$30.3M	$542K	5.36%	10.4%
Rockland Trust Company	52	$26.1M	$501K	6.59%	2.5%
UPS Capital Business Credit	73	$25.8M	$353K	N/A	11.6%
BayCoast Bank	77	$25.2M	$327K	6.25%	0.0%
Business Development Company	124	$24.4M	$197K	6.77%	12.0%
Business Lenders, LLC	84	$20.2M	$241K	N/A	7.9%
42 North Private Bank	125	$19.4M	$155K	N/A	8.4%

Browse All Loans in Rhode Island

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