39 SBA loans worth $11.2M went to businesses in Portsmouth, RI between October 2021 and June 2026, from 14 lenders. BankNewport made the most, 14 loans. The median loan was $100,000, compared with $150,000 across Rhode Island, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | BankNewport Bank · Middletown, RI | 14 | $1.1M | $100,000 | 7% |
| 2 | Ocean State Business Development Authority Certified development company · Warwick, RI | 7 | $3.9M | $576,000 | 14% |
| 3 | Webster Bank Bank · Stamford, CT | 2 | $910K | $455,000 | 0% |
| 4 | Beacon Bank and Trust Bank · Boston, MA | 2 | $800K | $400,000 | 0% |
| 5 | Bay Colony Development Certified development company · Waltham, MA | 2 | $550K | $275,000 | 0% |
| 6 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $550K | $275,000 | 0% |
| 7 | Baycoast Bank Bank · Swansea, MA | 2 | $215K | $107,500 | 50% |
| 8 | Huntington National Bank Bank · Columbus, OH | 2 | $198K | $98,750 | 100% |
| 9 | Truliant FCU Credit union · Winston-Salem, NC | 1 | $1.4M | $1,434,000 | 0% |
| 10 | Customers Bank Bank · Malvern, PA | 1 | $1.1M | $1,113,000 | 0% |
| 11 | Community Investment Non-bank lender · Hamden, CT | 1 | $112K | $112,500 | 0% |
| 12 | JPMorgan Chase Bank Bank · Columbus, OH | 1 | $100K | $100,000 | 0% |
| 13 | Colony Bank Bank · Fitzgerald, GA | 1 | $70K | $70,000 | 0% |
| 14 | Celtic Bank Bank · Salt Lake City, UT | 1 | $57K | $56,900 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 13 | $150,000 | BankNewport | |
| Professional and technical services | 6 | $86,250 | BankNewport | |
| Restaurants and hotels | 6 | $100,000 | BankNewport | |
| Administrative and support services | 4 | $527,500 | Webster Bank | |
| Other services (repair, personal care) | 4 | $187,250 | Huntington National Bank | |
| Health care and social assistance | 2 | $85,000 | JPMorgan Chase Bank | |
| Agriculture, forestry and fishing | 1 | $67,500 | BankNewport | |
| Information and media | 1 | $1,434,000 | Truliant FCU |