SBA by industry · RI
SBA lenders for restaurants in Rhode Island
29 lenders made 102 SBA loans to restaurants in Rhode Island in the 36 months ending September 30, 2026. BankNewport made the most, with 23. The typical loan was about $150K.
- Evidence
- SBA 7(a) and 504 loans to restaurants in Rhode Island, NAICS 722
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 29
- SBA FOIA,
- SBA loans, 36 months
- 102
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $36.1M
- SBA FOIA,
- Last 12 months
- 19
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for restaurants in Rhode Island, https://lender.report/sba-lenders-for/restaurants/rhode-island/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| BankNewport SBA 7(a) record | Bank | Middletown, RI | 23 | $8.41M | 17 | 6 | 6 |
| Santander Bank, N.A. SBA 7(a) record | Bank | Wilmington, DE | 11 | $1.54M | 11 | 0 | 1 |
| Beacon Bank and Trust SBA 7(a) record | Bank | Boston, MA | 8 | $1.17M | 8 | 0 | 1 |
| Navigant Credit Union SBA 7(a) record | Credit union | Smithfield, RI | 6 | $1.73M | 6 | 0 | 0 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 4 | $2.95M | 4 | 0 | 0 |
| South Eastern Economic Development Corporation SBA 7(a) record | Non-bank | Taunton, MA | 4 | $330K | 4 | 0 | 1 |
| Shoreham Bank SBA 7(a) record | Savings | Warwick, RI | 3 | $3.82M | 3 | 0 | 1 |
| Citizens Bank, National Association SBA 7(a) record | Bank | Providence, RI | 3 | $2.30M | 3 | 0 | 0 |
| TD Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 3 | $64.0K | 3 | 0 | 0 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 2 | $2.64M | 2 | 0 | 1 |
| Bristol County Savings Bank SBA 7(a) record | Bank | Taunton, MA | 2 | $910K | 1 | 1 | 0 |
| Eastern Bank SBA 7(a) record | Bank | Boston, MA | 2 | $800K | 2 | 0 | 0 |
| Community Investment Corporation SBA 7(a) record | Non-bank | Hamden, CT | 2 | $175K | 2 | 0 | 0 |
| IncredibleBank SBA 7(a) record | Bank | Wausau, WI | 1 | $940K | 1 | 0 | 0 |
| BayCoast Bank SBA 504 record | Savings | Swansea, MA | 1 | $650K | 0 | 1 | 1 |
| HomeTrust Bank SBA 7(a) record | Bank | Asheville, NC | 1 | $600K | 1 | 0 | 1 |
| Centreville Bank SBA 504 record | Savings | West Warwick, RI | 1 | $570K | 0 | 1 | 0 |
| Citizens Bank SBA 7(a) record | Bank | Elizabethton, TN | 1 | $500K | 1 | 0 | 0 |
| Harvest Small Business Finance, LLC SBA 7(a) record | Non-bank | Laguna Hills, CA | 1 | $450K | 1 | 0 | 0 |
| KeyBank National Association SBA 7(a) record | Bank | Cleveland, OH | 1 | $450K | 1 | 0 | 0 |
| Leader Bank, National Association SBA 7(a) record | Bank | Arlington, MA | 1 | $390K | 1 | 0 | 0 |
| Main Street Bank SBA 504 record | Savings | Marlborough, MA | 1 | $330K | 0 | 1 | 1 |
| Bank of America, National Association SBA 7(a) record | Bank | Charlotte, NC | 1 | $290K | 1 | 0 | 0 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 1 | $250K | 1 | 0 | 0 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 1 | $150K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Full-Service Restaurants | 59 |
| Limited-Service Restaurants | 29 |
| Drinking Places (Alcoholic Beverages) | 6 |
| Caterers | 4 |
| Snack and Nonalcoholic Beverage Bars | 3 |
| Mobile Food Services | 1 |
| Loan size | Loans |
|---|---|
| Under $150K | 40 |
| $150K to $350K | 17 |
| $350K to $1M | 24 |
| $1M to $2.5M | 6 |
| $2.5M or more | 2 |
- SBA lenders recorded 102 loans to restaurants totaling $36.1M in Rhode Island in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $150K, with the middle half between $96K and $420K. SBA FOIA,
- 79 were SBA 7(a) loans and 10 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.25% on 79 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 73 of the loans, credit unions 7, and non-banks 9. SBA FOIA,
- The five most active lenders made 51.0% of the loans. SBA FOIA,
- The three most active lenders were BankNewport with 23, Santander Bank, N.A. with 11, and Beacon Bank and Trust with 8. SBA FOIA,
- 40 of the loans were under $150K, and 8 were $1M or more. SBA FOIA,
- 13 of these loans were made by lenders that have since merged or closed, that the file lists under a name with no lender record here, or that the loan tape shows only at a broader industry level. They are counted in the totals here and appear in no lender's row. SBA FOIA,
- The SBA file shows 19 approvals of these loans dated in the 12 months to September 30, 2026, versus 40 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 5 of the 29 lenders are based in Rhode Island. The rest are based elsewhere, most often in Massachusetts, Delaware and Florida. SBA FOIA,
- The most common detailed industry in Rhode Island was Full-Service Restaurants, with 59 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to restaurants in Rhode Island
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in Rhode Island, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 722.
- Order
- Largest first by loans in the state, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. Lenders that merged or stopped filing are left out.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.