SBA lender profile
The Washington Trust Company of Westerly
The Washington Trust Company of Westerly appears in the public SBA loan data with 150 funded 7(a) loans since FY2010, totaling $21.0M, an average of $140K per loan, and an estimated 1,205 jobs supported. Its SBA lending concentrates in Rhode Island and the Wholesale Trade sector. Across its 7(a) loans, the charge-off rate is 5.3%. 32.0% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 60
- Scale 48
- Activity 29
- Consistency 72
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is The Washington Trust Company of Westerly the right lender for you?
Lenders fund what they know. The Washington Trust Company of Westerly's SBA lending concentrates in Rhode Island (140 loans) and Wholesale Trade (10 loans), at an average loan of $140K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Where The Washington Trust Company of Westerly lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Rhode Island | 140 | $19.5M |
| Massachusetts | 4 | $840K |
| Connecticut | 6 | $620K |
What The Washington Trust Company of Westerly funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 10 | $3.0M |
| Accommodation and Food Services | 18 | $3.0M |
| Agriculture, Forestry, Fishing | 16 | $2.3M |
| Professional and Technical Services | 18 | $2.3M |
| Retail Trade | 13 | $2.0M |
| Health Care and Social Assistance | 20 | $1.8M |
The Washington Trust Company of Westerly SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 40 | $7.1M |
| 2011 | 33 | $5.7M |
| 2012 | 33 | $3.1M |
| 2013 | 6 | $522K |
| 2014 | 5 | $354K |
| 2015 | 4 | $493K |
| 2016 | 6 | $328K |
| 2017 | 4 | $255K |
| 2018 | 4 | $380K |
| 2019 | 2 | $175K |
| 2020 | 2 | $150K |
| 2021 | 2 | $700K |
| 2022 | 1 | $329K |
| 2023 | 2 | $85K |
| 2024 | 1 | $50K |
| 2025 | 5 | $1.3M |
Related SBA lenders
Other lenders active in Rhode Island or in Wholesale Trade.
Comparing lenders? See how to choose an SBA lender by track record.
The Washington Trust Company of Westerly: frequently asked questions
Does The Washington Trust Company of Westerly offer SBA loans?
Yes. The Washington Trust Company of Westerly appears in the public SBA data with 150 funded SBA 7(a) loans totaling $21.0M.
How many SBA loans has The Washington Trust Company of Westerly made?
The Washington Trust Company of Westerly is associated with 150 SBA 7(a) loans totaling $21.0M in the public SBA data (as of 2026-03-31).
What is The Washington Trust Company of Westerly's SBA charge-off rate?
About 5.3% of The Washington Trust Company of Westerly's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does The Washington Trust Company of Westerly do most of its SBA lending?
The Washington Trust Company of Westerly's SBA lending in the data is most concentrated in Rhode Island, and by industry in Wholesale Trade.
Is The Washington Trust Company of Westerly an SBA Preferred Lender (PLP)?
The loan record shows The Washington Trust Company of Westerly operating under PLP delegated authority: 48 of its 7(a) loans (32.0%) were processed through the Preferred Lenders Program, including 1 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). The Washington Trust Company of Westerly SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/the-washington-trust-company-of-westerly/
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