SBA lending by district
SBA lending in RI-01
SBA 7(a) and 504 financing in Rhode Island's 1st district: how much was funded, by which lenders, and the 7(a) charge-off record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 3,364
- Total funded
- $943.8M
- Average loan
- $281K
- 7(a) charge-off
- 3.7%
Borrowers in Rhode Island's 1st district took 3,364 SBA loans worth $943.8M since FY2010, averaging $281K. Of the 2,833 7(a) loans, 3.7% have charged off. See the rest of Rhode Island.
SBA funded volume by fiscal year
Top SBA lenders in RI-01
- 1. Ocean State Business Development Authority $110.7M
- 2. Bay Colony Development Corporation $78.5M
- 3. Eastern Bank $74.9M
- 4. Citizens Bank, National Association $68.0M
- 5. Beacon Bank and Trust $64.6M
- 6. Bristol County Savings Bank $54.0M
- 7. Webster Bank National Association $49.6M
- 8. Newtek Small Business Finance, Inc. $39.9M
- 9. New England Certified Development Corporation $37.7M
- 10. South Eastern Economic Development Corporation $27.1M
Method. SBA 7(a) and 504 loans the SBA recorded in RI-01,
FY2010–2026 (as of 2026-03-31). District boundaries
changed in the 2022 redistricting, so multi-year totals span boundary changes; the district is
as-recorded by the SBA. Charge-off is 7(a)-only. See the
methodology.