28 SBA loans worth $14.3M went to businesses in Middletown, RI between October 2021 and June 2026, from 13 lenders. BankNewport made the most, 8 loans. The median loan was $300,500, 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 | BankNewport Bank · Middletown, RI | 8 | $860K | $64,750 | 25% |
| 2 | Ocean State Business Development Authority Certified development company · Warwick, RI | 7 | $4.2M | $451,000 | 14% |
| 3 | Bank of America Bank · Charlotte, NC | 2 | $1.4M | $712,750 | 100% |
| 4 | First Bank of the Lake Bank · Osage Beach, MO | 2 | $874K | $437,000 | 100% |
| 5 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $4.5M | $4,500,000 | 0% |
| 6 | Live Oak Banking Bank · Wilmington, NC | 1 | $800K | $800,000 | 100% |
| 7 | MVB Bank Bank · Fairmont, WV | 1 | $383K | $383,000 | 0% |
| 8 | Baycoast Bank Bank · Swansea, MA | 1 | $319K | $319,000 | 0% |
| 9 | Citizens Bank Bank · Providence, RI | 1 | $284K | $283,500 | 100% |
| 10 | Rockland Trust Bank · Rockland, MA | 1 | $240K | $240,000 | 100% |
| 11 | South Eastern Economic Development Non-bank lender · Taunton, MA | 1 | $150K | $150,000 | 0% |
| 12 | Shoreham Bank Bank · Warwick, RI | 1 | $150K | $150,000 | 100% |
| 13 | BayFirst National Bank Bank · St. Petersburg, FL | 1 | $150K | $150,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 7 | $383,000 | BankNewport | |
| Retail | 5 | $311,000 | BankNewport | |
| Real estate and rental | 3 | $150,000 | BayFirst National Bank | |
| Professional and technical services | 3 | $319,000 | First Bank of the Lake | |
| Construction | 3 | $85,000 | BankNewport | |
| Restaurants and hotels | 3 | $537,000 | Ocean State Business Development Authority | |
| Other services (repair, personal care) | 2 | $240,500 | Ocean State Business Development Authority | |
| Arts, entertainment and recreation | 1 | $240,000 | Rockland Trust |