SBA lending by district
SBA lending in RI-02
SBA 7(a) and 504 financing in Rhode Island's 2nd 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
- 2,182
- Total funded
- $650.5M
- Average loan
- $298K
- 7(a) charge-off
- 3.4%
Borrowers in Rhode Island's 2nd district took 2,182 SBA loans worth $650.5M since FY2010, averaging $298K. Of the 1,858 7(a) loans, 3.4% have charged off. See the rest of Rhode Island.
SBA funded volume by fiscal year
Top SBA lenders in RI-02
- 1. Ocean State Business Development Authority $85.2M
- 2. Beacon Bank and Trust $69.1M
- 3. Eastern Bank $50.2M
- 4. New England Certified Development Corporation $44.8M
- 5. Webster Bank National Association $41.7M
- 6. Bay Colony Development Corporation $34.3M
- 7. Newtek Small Business Finance, Inc. $25.7M
- 8. Independence Bank $22.7M
- 9. Citizens Bank, National Association $20.5M
- 10. TD Bank, National Association $17.5M
Method. SBA 7(a) and 504 loans the SBA recorded in RI-02,
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.