SBA lending by metro area
SBA lenders in Providence, RI
Which lenders fund Providence-area businesses, how much, and how the market compares with Rhode Island: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Providence area
Ranked by SBA volume funded to businesses located in the Providence metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Ocean State Business Development Authority | 383 | $217.1M | $567K | not reported |
| 2 | Bay Colony Development Corporation | 264 | $170.8M | $647K | not reported |
| 3 | Eastern Bank | 1,009 | $160.1M | $159K | 5.15% |
| 4 | Webster Bank National Association | 385 | $157.4M | $409K | 1.56% |
| 5 | Beacon Bank and Trust | 857 | $144.3M | $168K | 1.98% |
| 6 | New England Certified Development Corporation | 245 | $118.3M | $483K | not reported |
| 7 | Citizens Bank, National Association | 536 | $113.3M | $211K | 0.93% |
| 8 | Bristol County Savings Bank | 520 | $104.8M | $202K | 1.35% |
| 9 | South Eastern Economic Development Corporation | 158 | $72.4M | $458K | not reported |
| 10 | Newtek Small Business Finance, Inc. | 80 | $68.8M | $860K | 1.25% |
Excludes 1 lender whose records blend same-named institutions; see our methodology.
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Providence compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Providence area | $105K ▼ 9.5% | 14.8% ▼ 0.6 pts |
| Rhode Island | $116K | 15.4% |
| United States | $179K | 11.2% |
What gets funded in Providence
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 1,005 | $354.1M |
| Manufacturing | 725 | $307.1M |
| Retail Trade | 1,069 | $292.5M |
| Construction | 997 | $204.4M |
| Wholesale Trade | 360 | $183.4M |
| Health Care and Social Assistance | 641 | $178.4M |
| Other Services | 773 | $150.9M |
| Professional and Technical Services | 739 | $140.9M |
SBA lending in Providence by year
Geography, precisely
"Providence area" here means the Providence-Warwick, RI-MA metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Bristol County, MA; Bristol County, RI; Kent County, RI; Newport County, RI; Providence County, RI; Washington County, RI. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.