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SBA Lenders in Rhode Island
12 active SBA lenders · 1,136 loans approved · $1.1B total volume
12 Active Lenders
5 Preferred Lenders
1,136 Loans Since 2020
$1.1B Total Volume
All SBA Lenders in Rhode Island
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Citizens Bank, National Association | PROVIDENCE | 534 | $359.4M | $673K | ⭐ |
| Shoreham Bank | Warwick | 369 | $694.4M | $1.9M | ⭐ |
| BankNewport | Middletown | 130 | $9.8M | $76K | — |
| Navigant CU | SMITHFIELD | 62 | $15.1M | $243K | ⭐ |
| The Washington Trust Company of Westerly | WESTERLY | 13 | $2.6M | $201K | ⭐ |
| Greenwood CU | WARWICK | 8 | $1.3M | $158K | ⭐ |
| Coastal1 Credit Union | Pawtucket | 7 | $4.9M | $704K | — |
| Business Development Company | Providence | 3 | $425K | $142K | — |
| Westerly Community CU | WESTERLY | 3 | $942K | $314K | — |
| Independence Bank | EAST GREENWICH | 3 | $425K | $142K | — |
| Centreville Bank | WEST WARWICK | 3 | $540K | $180K | — |
| People's Credit Union | MIDDLETOWN | 1 | $165K | $165K | — |
Finding an SBA Lender in Rhode Island
There are currently 12 SBA-approved lenders headquartered in Rhode Island, ranging from national banks to local community lenders. Together they have approved 1,136 SBA 7(a) loans totaling $1.1B since 2020.
Of these, 5 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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