220 SBA loans worth $72.2M went to businesses in Providence, RI between October 2021 and June 2026, from 40 lenders. TD Bank made the most, 35 loans. The median loan was $104,750, compared with $150,000 across Rhode Island, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | TD Bank Bank · Wilmington, DE | 35 | $1.7M | $25,000 | 66% |
| 2 | Eastern Bank Bank · Boston, MA | 22 | $5.5M | $200,000 | 18% |
| 3 | Beacon Bank and Trust Bank · Boston, MA | 18 | $2.7M | $75,000 | 22% |
| 4 | Webster Bank Bank · Stamford, CT | 17 | $11.7M | $200,000 | 41% |
| 5 | BankNewport Bank · Middletown, RI | 16 | $1.1M | $50,000 | 0% |
| 6 | Ocean State Business Development Authority Certified development company · Warwick, RI | 15 | $9.9M | $589,000 | 0% |
| 7 | Bristol County Savings Bank Bank · Taunton, MA | 11 | $879K | $70,000 | 18% |
| 8 | Northeast Bank Bank · Portland, ME | 9 | $1.2M | $100,000 | 11% |
| 9 | Santander Bank Bank · Wilmington, DE | 9 | $652K | $83,000 | 0% |
| 10 | Citizens Bank Bank · Providence, RI | 6 | $4.9M | $732,000 | 67% |
| 11 | Navigant CU Credit union · Smithfield, RI | 6 | $957K | $135,850 | 17% |
| 12 | Bay Colony Development Certified development company · Waltham, MA | 5 | $3.7M | $612,000 | 20% |
| 13 | Bank of America Bank · Charlotte, NC | 5 | $1.3M | $315,000 | 0% |
| 14 | Huntington National Bank Bank · Columbus, OH | 5 | $984K | $186,000 | 80% |
| 15 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 4 | $830K | $90,000 | 25% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 41 | $167,200 | Citizens Bank | |
| Retail | 39 | $150,000 | Eastern Bank | |
| Professional and technical services | 23 | $75,000 | Beacon Bank and Trust | |
| Construction | 22 | $100,000 | Eastern Bank | |
| Other services (repair, personal care) | 20 | $65,000 | TD Bank | |
| Health care and social assistance | 15 | $213,200 | Northeast Bank | |
| Transportation and warehousing | 14 | $25,000 | TD Bank | |
| Manufacturing | 14 | $300,000 | Webster Bank |