114 SBA loans worth $38.9M went to businesses in Cranston, RI between October 2021 and June 2026, from 38 lenders. TD Bank made the most, 17 loans. The median loan was $150,000, compared with $150,000 across Rhode Island, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 17 | $690K | $25,000 | 53% |
| 2 | Eastern Bank Bank · Boston, MA | 15 | $4.5M | $100,000 | 20% |
| 3 | Ocean State Business Development Authority Certified development company · Warwick, RI | 9 | $5.3M | $321,000 | 0% |
| 4 | Webster Bank Bank · Stamford, CT | 9 | $1.5M | $100,000 | 22% |
| 5 | BankNewport Bank · Middletown, RI | 8 | $703K | $100,000 | 12% |
| 6 | New England Certified Development Certified development company · Wakefield, MA | 6 | $4.8M | $809,000 | 0% |
| 7 | Citizens Bank Bank · Providence, RI | 3 | $3.7M | $400,000 | 67% |
| 8 | Navigant CU Credit union · Smithfield, RI | 3 | $1.8M | $365,000 | 0% |
| 9 | Bank of America Bank · Charlotte, NC | 3 | $1.4M | $350,000 | 0% |
| 10 | Bay Colony Development Certified development company · Waltham, MA | 3 | $1.2M | $480,000 | 33% |
| 11 | Beacon Bank and Trust Bank · Boston, MA | 3 | $700K | $100,000 | 0% |
| 12 | BayFirst National Bank Bank · St. Petersburg, FL | 3 | $450K | $150,000 | 0% |
| 13 | Live Oak Banking Bank · Wilmington, NC | 2 | $1.0M | $512,500 | 0% |
| 14 | Community Investment Non-bank lender · Hamden, CT | 2 | $525K | $262,500 | 50% |
| 15 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $489K | $244,500 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 22 | $125,000 | BankNewport | |
| Retail | 19 | $250,000 | Webster Bank | |
| Restaurants and hotels | 15 | $90,000 | TD Bank | |
| Manufacturing | 11 | $370,000 | Citizens Bank | |
| Other services (repair, personal care) | 9 | $300,000 | Eastern Bank | |
| Transportation and warehousing | 7 | $42,000 | Eastern Bank | |
| Administrative and support services | 7 | $332,000 | Eastern Bank | |
| Health care and social assistance | 6 | $199,500 | Webster Bank |