Best SBA lenders
Best SBA lenders in Rhode Island
The SBA lenders that fund the most businesses in Rhode Island, ranked by funded volume with each lender's charge-off track record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
Ocean State Business Development Authority funds the most SBA volume in Rhode Island. Charge-off rates below are each lender's overall rate across all of its loans, as a track-record signal.
| # | Lender | Volume in Rhode Island | Charge-off |
|---|---|---|---|
| 1 | Ocean State Business Development Authority | $195.9M | 0.0% |
| 2 | Bay Colony Development Corporation | $112.8M | 0.0% |
| 3 | New England Certified Development Corporation | $82.5M | 0.0% |
| 4 | Webster Bank National Association | $48.3M | 0.7% |
| 5 | Eastern Bank | $38.8M | 2.4% |
| 6 | Beacon Bank and Trust | $37.8M | 0.4% |
| 7 | Citizens Bank, National Association | $36.6M | 0.0% |
| 8 | South Eastern Economic Development Corporation | $34.5M | 0.0% |
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