SBA 7(a) lenders in RI

Approvals from SBA fiscal year 2008 onward. Source data as of 2026-06-30.

135 institutions have SBA 7(a) loans on record in RI, together $1.28B across 5,430 loans.

Shaded by rank among this state's counties, on total approvals.lessmore

Hover a county for its totals, click to open it.

Largest lenders

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Beacon Bank and Trust	970	$153.2M	12.0%	1.17%
2	Eastern Bank	777	$148.6M	11.6%	1.13%
3	Citizens Bank, National Association	545	$97.2M	7.6%	1.76%
4	Webster Bank National Association	257	$92.7M	7.2%	0.45%
5	Bristol County Savings Bank	287	$71.3M	5.6%	2.62%
6	Newtek Small Business Finance, Inc.	72	$65.6M	5.1%	1.39%
7	Independence Bank	134	$45.7M	3.6%	10.68%
8	Navigant CU	216	$39.1M	3.1%	3.58%
9	BankNewport	371	$37.9M	3.0%	0.68%
10	Live Oak Banking Company	41	$36.9M	2.9%	0.00%
11	TD Bank, National Association	216	$35.6M	2.8%	1.87%
12	The Washington Trust Company of Westerly	220	$34.0M	2.7%	4.33%
13	Santander Bank, National Association	221	$30.4M	2.4%	1.79%
14	Northeast Bank	137	$24.0M	1.9%	1.36%
15	Shoreham Bank	36	$20.6M	1.6%	0.30%
16	Celtic Bank Corporation	35	$18.8M	1.5%	2.73%
17	Readycap Lending, LLC	31	$18.8M	1.5%	7.44%
18	Coastal1 Credit Union	45	$16.4M	1.3%	13.71%
19	Bank of America, National Association	47	$14.2M	1.1%	1.45%
20	Wells Fargo Bank National Association	25	$12.1M	0.9%	0.00%
21	Happen Bank	16	$12.1M	0.9%	24.03%
22	The Huntington National Bank	34	$12.1M	0.9%	0.00%
23	Newtek Bank, National Association	25	$11.2M	0.9%	0.00%
24	Bankwell Bank	3	$10.9M	0.9%	0.00%
25	Rockland Trust Company	23	$9.9M	0.8%	0.00%
26	Bank Five Nine	4	$9.6M	0.8%	0.00%
27	Greenwood CU	73	$8.8M	0.7%	0.96%
28	First Bank of the Lake	6	$8.1M	0.6%	0.00%
29	Community Investment Corporation	49	$7.1M	0.6%	3.98%
30	Byline Bank	4	$7.1M	0.6%	0.00%
31	Baycoast Bank	40	$6.3M	0.5%	0.00%
32	BayFirst National Bank	40	$6.1M	0.5%	5.03%
33	Meridian Bank	3	$5.5M	0.4%	0.00%
34	Patriot Bank, National Association	1	$5.0M	0.4%	0.00%
35	Westerly Community CU	65	$4.9M	0.4%	9.18%
36	First Financial Bank	6	$4.8M	0.4%	0.00%
37	Everwise Credit Union	1	$4.5M	0.3%	0.00%
38	United Midwest Savings Bank National Association	12	$4.4M	0.3%	0.00%
39	Columbia Bank	2	$4.2M	0.3%	0.00%
40	First Internet Bank of Indiana	4	$4.2M	0.3%	0.00%
41	Centreville Bank	26	$4.0M	0.3%	0.43%
42	Metro City Bank	6	$3.9M	0.3%	0.00%
43	Fifth Third Bank	2	$3.8M	0.3%	0.00%
44	Stearns Bank National Association	11	$3.5M	0.3%	0.00%
45	FDIC - Community Bank & Trust-West Georgia	1	$3.5M	0.3%	0.00%
46	Grasshopper Bank National Association	2	$3.4M	0.3%	0.00%
47	Jewett City Savings Bank	7	$3.3M	0.3%	0.00%
48	Hana Bank USA National Association	2	$3.3M	0.3%	0.00%
49	Fall River Five Cents Savings Bank d/b/a BankFive	32	$3.2M	0.3%	3.12%
50	JPMorgan Chase Bank, National Association	11	$2.9M	0.2%	1.38%
51	KeyBank National Association	5	$2.9M	0.2%	8.30%
52	Business Development Company	14	$2.9M	0.2%	0.00%
53	Commonwealth Business Bank	1	$2.8M	0.2%	0.00%
54	South Shore Bank	1	$2.7M	0.2%	0.00%
55	IncredibleBank	2	$2.6M	0.2%	0.00%
56	Manufacturers and Traders Trust Company	10	$2.6M	0.2%	0.00%
57	VelocitySBA, LLC	12	$2.6M	0.2%	0.72%
58	First National Bank of Pennsylvania	3	$2.4M	0.2%	53.82%
59	Truist Bank	2	$2.4M	0.2%	0.00%
60	Banc of California	1	$2.1M	0.2%	0.00%
61	Leader Bank, National Association	11	$2.1M	0.2%	0.00%
62	TowneBank	4	$2.0M	0.2%	3.61%
63	Mechanics Cooperative Bank	10	$2.0M	0.2%	9.00%
64	People's Credit Union	11	$1.9M	0.1%	5.27%
65	SouthState Bank, National Association	3	$1.9M	0.1%	0.00%
66	TruNorth Bank	3	$1.9M	0.1%	16.33%
67	Verve, a Credit Union	1	$1.5M	0.1%	69.76%
68	Dean Co-operative Bank	7	$1.4M	0.1%	0.00%
69	Truliant FCU	1	$1.4M	0.1%	0.00%
70	Freedom National Bank	1	$1.4M	0.1%	0.00%
71	First Bank	3	$1.4M	0.1%	0.00%
72	Primary Bank	2	$1.4M	0.1%	0.00%
73	Lafayette Square SBLC, LLC	1	$1.4M	0.1%	0.00%
74	Alerus Financial, National Association	1	$1.3M	0.1%	0.00%
75	Citizens Bank	3	$1.3M	0.1%	0.00%
76	South Eastern Economic Development Corporation	13	$1.3M	0.1%	0.00%
77	CenTrust Bank, A Division of SmartBiz Bank National Association	5	$1.3M	0.1%	0.00%
78	Harvest Small Business Finance, LLC	2	$1.3M	0.1%	0.00%
79	Lendistry SBLC, LLC	5	$1.3M	0.1%	0.00%
80	Needham Bank	2	$1.2M	0.1%	0.00%
81	Avidia Bank	2	$1.2M	0.1%	0.00%
82	Customers Bank	2	$1.1M	0.1%	0.00%
83	Ocean State CU	6	$1.1M	0.1%	0.00%
84	Climate First Bank	2	$1.1M	0.1%	0.00%
85	American Momentum Bank	2	$1.1M	0.1%	0.00%
86	PNC Bank, National Association	3	$1.1M	0.1%	17.77%
87	GBC International Bank	1	$1.0M	0.1%	0.00%
88	Heritage Bank Inc	3	$986K	0.1%	0.00%
89	Fund-Ex Solutions Group, LLC	1	$950K	0.1%	0.00%
90	Popular Bank	3	$950K	0.1%	94.66%
91	Evolve Bank and Trust	1	$948K	0.1%	0.00%
92	Oconee State Bank	1	$910K	0.1%	0.00%
93	Gulf Coast Bank and Trust Company	1	$885K	0.1%	0.00%
94	UniBank for Savings	9	$812K	0.1%	0.00%
95	Fountainhead SBF LLC	1	$807K	0.1%	0.00%
96	Bluestone Bank	2	$754K	0.1%	0.00%
97	The Cape Cod Five Cents Savings Bank	1	$750K	0.1%	69.45%
98	Ameris Bank	1	$750K	0.1%	0.00%
99	Hanmi Bank	2	$740K	0.1%	50.23%
100	The Fidelity Bank	1	$675K	0.1%	0.00%
101	Seacoast National Bank	3	$660K	0.1%	38.01%
102	First-Citizens Bank & Trust Company	1	$650K	0.1%	0.00%
103	bankHometown	2	$580K	0.0%	0.00%
104	HomeTrust Bank	1	$557K	0.0%	0.00%
105	Business Lenders, LLC	1	$540K	0.0%	66.93%
106	Genesis Bank	2	$508K	0.0%	0.00%
107	Five Star Bank	2	$500K	0.0%	56.71%
108	MVB Bank, Inc.	1	$383K	0.0%	0.00%
109	Enterprise Bank & Trust	1	$383K	0.0%	0.00%
110	Cornerstone Bank	2	$350K	0.0%	0.00%
111	Accion Opportunity Fund Community Development	1	$350K	0.0%	0.00%
112	Colony Bank	3	$320K	0.0%	0.00%
113	The Freedom Bank of Virginia	1	$320K	0.0%	0.00%
114	CRF Small Business Loan Company, LLC	1	$320K	0.0%	0.00%
115	Liberty Bank	1	$250K	0.0%	0.00%
116	City National Bank of Florida	1	$240K	0.0%	0.00%
117	The Bank of Houston	1	$232K	0.0%	0.00%
118	Wilmington Savings Fund Society FSB	1	$230K	0.0%	0.00%
119	Florida Capital Bank, National Association	2	$195K	0.0%	0.00%
120	Magnifi Financial CU	1	$166K	0.0%	0.00%
121	North State Bank	1	$150K	0.0%	0.00%
122	Middlesex Savings Bank	1	$150K	0.0%	0.00%
123	Connecticut Community Bank, National Association	1	$150K	0.0%	0.00%
124	First Merchants Bank	1	$150K	0.0%	0.00%
125	NBT Bank, National Association	1	$150K	0.0%	0.00%
126	Chelsea Groton Bank	2	$147K	0.0%	0.00%
127	SoFi Bank, National Association	1	$135K	0.0%	0.00%
128	Titan Bank, National Association	1	$135K	0.0%	0.00%
129	Triangle CU	3	$127K	0.0%	0.00%
130	Taunton FCU	1	$96K	0.0%	0.00%
131	BOKF, National Association	1	$75K	0.0%	0.00%
132	Capital One National Association	2	$75K	0.0%	18.05%
133	Charles River Bank	1	$74K	0.0%	0.00%
134	Millennium bcpbank, N.A.	2	$60K	0.0%	0.00%
135	U.S. Bank, National Association	3	$42K	0.0%	0.00%

Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.

By county

Rank	County	Lenders	Loans	Approved
1	Providence	99	2,889	$657.5M
2	Kent	64	1,079	$269.7M
3	Washington	54	709	$177.1M
4	Newport	48	459	$116.7M
5	Bristol	41	294	$58.3M

About this data

Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.