Rhode Island SBA Loan Data

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

Total Loans

16,522

1991–2025

Total Volume

$3.0B

Gross approval amount

Avg Loan Size

$182K

Median: $75K

Avg Interest Rate

6.83%

Default rate: 9.7%

Rhode Island Loan Status

Active10.2%

Paid in Full67.4%

Charged Off8.4%

Cancelled13.1%

Committed0.5%

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Rhode Island Annual Lending Volume

Number of Loans per Year

Top Industries

Loan Size Distribution

Top Lenders in Rhode Island

Lender	Loans	Volume▼	Avg Size	Avg Rate	Default Rate
Citizens Bank, National Association	5,037	$356.9M	$71K	6.47%	12.0%
Brookline Bank, a Division of Beacon Bank and Trust	1,635	$232.6M	$142K	6.29%	6.3%
Eastern Bank	1,247	$222.8M	$179K	5.77%	8.8%
Bank of America, National Association	1,473	$177.9M	$121K	6.64%	11.7%
The Washington Trust Company of Westerly	901	$141.9M	$158K	5.77%	11.8%
Webster Bank National Association	349	$106.3M	$304K	6.41%	4.8%
BANKNEWPORT	224	$98.3M	$439K	N/A	1.7%
Independence Bank	282	$93.5M	$332K	6.51%	24.6%
Santander Bank, National Association	599	$89.0M	$149K	8.30%	9.2%
Bristol County Savings Bank	324	$77.4M	$239K	6.29%	2.9%
Northeast Bank	238	$76.3M	$321K	7.73%	9.1%
Newtek Small Business Finance, Inc.	89	$68.8M	$773K	6.68%	2.9%
Shoreham Bank	239	$54.0M	$226K	7.72%	4.9%
Readycap Lending, LLC	129	$49.8M	$386K	12.00%	17.5%
BankNewport	448	$45.9M	$103K	7.95%	2.4%
CENTREVILLE BANK	86	$43.0M	$500K	N/A	0.0%
Navigant CU	216	$39.1M	$181K	6.82%	4.6%
EASTERN BANK	80	$38.5M	$481K	N/A	4.4%
TD Bank, National Association	216	$36.6M	$169K	9.95%	13.4%
Live Oak Banking Company	39	$34.9M	$894K	7.45%	0.0%
THE WASHINGTON TRUST COMPANY OF WESTERLY	42	$27.0M	$644K	N/A	0.0%
UPS Capital Business Credit	73	$25.8M	$353K	N/A	11.6%
BROOKLINE BANK, A DIVISION OF BEACON BANK AND TRUST	45	$24.3M	$539K	N/A	0.0%
Business Development Company	123	$24.2M	$197K	6.77%	12.2%
BRISTOL COUNTY SAVINGS BANK	51	$22.5M	$441K	N/A	0.0%

Top Counties in Rhode Island

County	Loans	Volume▼
Providence →	8,858	$1.6B
Kent →	3,005	$572.4M
Washington →	2,131	$428.5M
Newport →	1,577	$306.0M
Bristol →	918	$127.3M
Norfolk →	3	$525K
Suffolk →	3	$294K
Kings →	1	$250K
Worcester →	1	$60K
Essex →	1	$35K

Browse All Loans in Rhode Island

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