32 SBA loans worth $6.4M went to businesses in Tiverton, RI between October 2021 and June 2026, from 9 lenders. BankNewport made the most, 17 loans. The median loan was $100,000, compared with $150,000 across Rhode Island, and professional and technical services was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | BankNewport Bank · Middletown, RI | 17 | $1.0M | $50,000 | 18% |
| 2 | Ocean State Business Development Authority Certified development company · Warwick, RI | 5 | $876K | $188,000 | 0% |
| 3 | Baycoast Bank Bank · Swansea, MA | 3 | $127K | $53,000 | 33% |
| 4 | Webster Bank Bank · Stamford, CT | 2 | $235K | $117,500 | 0% |
| 5 | VelocitySBA Non-bank lender · Irving, TX | 1 | $2.4M | $2,434,000 | 0% |
| 6 | Ameris Bank Bank · Atlanta, GA | 1 | $750K | $750,000 | 100% |
| 7 | New England Certified Development Certified development company · Wakefield, MA | 1 | $582K | $582,000 | 100% |
| 8 | Wells Fargo Bank Bank · Sioux Falls, SD | 1 | $235K | $235,000 | 100% |
| 9 | People's Credit Union Credit union · Middletown, RI | 1 | $165K | $164,800 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Professional and technical services | 7 | $100,000 | BankNewport | |
| Construction | 5 | $60,000 | BankNewport | |
| Administrative and support services | 5 | $45,000 | BankNewport | |
| Retail | 4 | $666,000 | VelocitySBA | |
| Manufacturing | 4 | $140,000 | Webster Bank | |
| Other services (repair, personal care) | 2 | $114,000 | BankNewport | |
| Agriculture, forestry and fishing | 1 | $10,000 | Baycoast Bank | |
| Arts, entertainment and recreation | 1 | $188,000 | Ocean State Business Development Authority |