61 SBA loans worth $22.4M went to businesses in Newport, RI between October 2021 and June 2026, from 17 lenders. BankNewport made the most, 23 loans. The median loan was $145,000, compared with $150,000 across Rhode Island, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | BankNewport Bank · Middletown, RI | 23 | $1.6M | $80,000 | 22% |
| 2 | Ocean State Business Development Authority Certified development company · Warwick, RI | 8 | $3.7M | $348,500 | 12% |
| 3 | Citizens Bank Bank · Providence, RI | 6 | $7.4M | $1,186,200 | 17% |
| 4 | Webster Bank Bank · Stamford, CT | 4 | $1.2M | $130,600 | 25% |
| 5 | Newtek Bank Bank · Miami, FL | 3 | $3.2M | $900,000 | 33% |
| 6 | Baycoast Bank Bank · Swansea, MA | 2 | $724K | $362,000 | 0% |
| 7 | Northeast Bank Bank · Portland, ME | 2 | $650K | $325,000 | 0% |
| 8 | Community Investment Non-bank lender · Hamden, CT | 2 | $365K | $182,500 | 50% |
| 9 | BayFirst National Bank Bank · St. Petersburg, FL | 2 | $300K | $150,000 | 0% |
| 10 | Beacon Bank and Trust Bank · Boston, MA | 2 | $243K | $121,500 | 0% |
| 11 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 1 | $1.5M | $1,500,000 | 0% |
| 12 | Bay Colony Development Certified development company · Waltham, MA | 1 | $526K | $526,000 | 100% |
| 13 | South Eastern Economic Development Certified development company · Taunton, MA | 1 | $434K | $434,000 | 100% |
| 14 | Navigant CU Credit union · Smithfield, RI | 1 | $250K | $250,000 | 0% |
| 15 | South Eastern Economic Development Non-bank lender · Taunton, MA | 1 | $102K | $102,500 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 15 | $150,000 | BankNewport | |
| Retail | 7 | $116,200 | BankNewport | |
| Professional and technical services | 6 | $900,000 | Newtek Bank | |
| Manufacturing | 5 | $150,000 | Webster Bank | |
| Transportation and warehousing | 5 | $46,400 | BankNewport | |
| Other services (repair, personal care) | 5 | $121,000 | Ocean State Business Development Authority | |
| Construction | 4 | $100,000 | BankNewport | |
| Administrative and support services | 4 | $27,500 | BankNewport |