39 SBA loans worth $14.6M went to businesses in East Providence, RI between October 2021 and June 2026, from 21 lenders. Ocean State Business Development Authority made the most, 6 loans. The median loan was $168,000, compared with $150,000 across Rhode Island, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Ocean State Business Development Authority Certified development company · Warwick, RI | 6 | $3.7M | $500,500 | 0% |
| 2 | Bristol County Savings Bank Bank · Taunton, MA | 4 | $3.3M | $340,500 | 0% |
| 3 | Bank of America Bank · Charlotte, NC | 3 | $1.0M | $150,000 | 0% |
| 4 | Community Investment Non-bank lender · Hamden, CT | 3 | $486K | $150,000 | 67% |
| 5 | Beacon Bank and Trust Bank · Boston, MA | 3 | $331K | $100,000 | 33% |
| 6 | Newtek Bank Bank · Miami, FL | 2 | $725K | $362,500 | 0% |
| 7 | New England Certified Development Certified development company · Wakefield, MA | 2 | $378K | $189,000 | 0% |
| 8 | Eastern Bank Bank · Boston, MA | 2 | $202K | $101,200 | 0% |
| 9 | Santander Bank Bank · Wilmington, DE | 2 | $144K | $72,000 | 0% |
| 10 | Live Oak Banking Bank · Wilmington, NC | 1 | $1.9M | $1,925,000 | 0% |
| 11 | South Eastern Economic Development Certified development company · Taunton, MA | 1 | $822K | $822,000 | 0% |
| 12 | Byline Bank Bank · Chicago, IL | 1 | $473K | $473,000 | 100% |
| 13 | Baycoast Bank Bank · Swansea, MA | 1 | $253K | $253,400 | 100% |
| 14 | Community Investment Certified development company · Hamden, CT | 1 | $226K | $226,000 | 0% |
| 15 | Heritage Bank Bank · Burlington, KY | 1 | $150K | $150,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 8 | $165,500 | Bank of America | |
| Restaurants and hotels | 5 | $226,000 | Community Investment | |
| Professional and technical services | 4 | $365,000 | Ocean State Business Development Authority | |
| Wholesale trade | 4 | $1,069,500 | Bristol County Savings Bank | |
| Retail | 4 | $125,000 | Heritage Bank | |
| Other services (repair, personal care) | 4 | $109,000 | Eastern Bank | |
| Construction | 3 | $95,000 | Santander Bank | |
| Manufacturing | 3 | $162,400 | Eastern Bank |