SBA by industry · RI
SBA lenders for retail stores in Rhode Island
28 lenders made 77 SBA loans to retail stores 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 retail stores in Rhode Island, NAICS 44 and 45, excluding gas, convenience and pharmacy
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 28
- SBA FOIA,
- SBA loans, 36 months
- 77
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $16.3M
- SBA FOIA,
- Last 12 months
- 21
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for retail stores in Rhode Island, https://lender.report/sba-lenders-for/retail/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 | $2.75M | 19 | 4 | 8 |
| Eastern Bank SBA 7(a) record | Bank | Boston, MA | 10 | $2.57M | 9 | 1 | 0 |
| Rockland Trust Company SBA 7(a) record | Bank | Rockland, MA | 8 | $2.72M | 6 | 2 | 0 |
| Santander Bank, N.A. SBA 7(a) record | Bank | Wilmington, DE | 5 | $1.90M | 5 | 0 | 1 |
| Bristol County Savings Bank SBA 7(a) record | Bank | Taunton, MA | 4 | $1.64M | 2 | 2 | 2 |
| Beacon Bank and Trust SBA 7(a) record | Bank | Boston, MA | 4 | $1.30M | 3 | 1 | 0 |
| TD Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 4 | $79.0K | 4 | 0 | 1 |
| Navigant Credit Union SBA 7(a) record | Credit union | Smithfield, RI | 2 | $1.25M | 1 | 1 | 0 |
| The Washington Trust Company, of Westerly SBA 7(a) record | Bank | Westerly, RI | 2 | $1.03M | 2 | 0 | 0 |
| Community Investment Corporation SBA 7(a) record | Non-bank | Hamden, CT | 2 | $700K | 2 | 0 | 0 |
| Citizens Bank, National Association SBA 7(a) record | Bank | Providence, RI | 2 | $350K | 2 | 0 | 2 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 2 | $180K | 2 | 0 | 1 |
| JPMorgan Chase Bank, National Association SBA 7(a) record | Bank | Columbus, OH | 2 | $70.0K | 2 | 0 | 0 |
| VelocitySBA, LLC SBA 7(a) record | Non-bank | Irving, TX | 1 | $2.40M | 1 | 0 | 1 |
| First Bank of the Lake SBA 7(a) record | Bank | Osage Beach, MO | 1 | $520K | 1 | 0 | 1 |
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 1 | $440K | 1 | 0 | 0 |
| Bank of America, National Association SBA 7(a) record | Bank | Charlotte, NC | 1 | $320K | 1 | 0 | 0 |
| SmartBiz Bank, National Association SBA 7(a) record | Bank | Northbrook, IL | 1 | $280K | 1 | 0 | 1 |
| Westerly Community Credit Union | Credit union | Wakefield, RI | 1 | $250K | 1 | 0 | 0 |
| BayCoast Bank SBA 7(a) record | Savings | Swansea, MA | 1 | $180K | 1 | 0 | 0 |
| Dean Co-operative Bank SBA 7(a) record | Savings | Franklin, MA | 1 | $180K | 1 | 0 | 0 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 1 | $150K | 1 | 0 | 0 |
| Heritage Bank, Inc. SBA 7(a) record | Bank | Burlington, KY | 1 | $150K | 1 | 0 | 0 |
| Shoreham Bank SBA 7(a) record | Savings | Warwick, RI | 1 | $150K | 1 | 0 | 0 |
| Colony Bank SBA 7(a) record | Bank | Fitzgerald, GA | 1 | $100K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Beer, Wine, and Liquor Retailers | 13 |
| Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 8 |
| Clothing and Clothing Accessories Retailers | 5 |
| All Other Home Furnishings Retailers | 4 |
| Gift, Novelty, and Souvenir Retailers | 4 |
| Used Merchandise Retailers | 4 |
| All Other General Merchandise Retailers | 3 |
| Jewelry Retailers | 3 |
| All Other Specialty Food Retailers | 2 |
| Baked Goods Retailers | 2 |
| Loan size | Loans |
|---|---|
| Under $150K | 40 |
| $150K to $350K | 25 |
| $350K to $1M | 17 |
| $1M to $2.5M | 3 |
| $2.5M or more | 0 |
- SBA lenders recorded 77 loans to retail stores totaling $16.3M 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 $50K and $310K. SBA FOIA,
- 74 were SBA 7(a) loans and 11 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.50% on 74 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 75 of the loans, credit unions 3, and non-banks 7. SBA FOIA,
- The five most active lenders made 64.9% of the loans. SBA FOIA,
- The three most active lenders were BankNewport with 23, Eastern Bank with 10, and Rockland Trust Company with 8. SBA FOIA,
- 40 of the loans were under $150K, and 3 were $1M or more. SBA FOIA,
- The SBA file shows 21 approvals of these loans dated in the 12 months to September 30, 2026, versus 38 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 6 of the 28 lenders are based in Rhode Island. The rest are based elsewhere, most often in Massachusetts, Ohio and Delaware. SBA FOIA,
- The most common detailed industry in Rhode Island was Beer, Wine, and Liquor Retailers, with 13 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to retail stores 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 44 and 45, excluding gas, convenience and pharmacy.
- 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.