SBA 7(a) lenders in Kent, RI

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

64 institutions have SBA 7(a) loans on record in Kent, together $269.7M across 1,079 loans. Beacon Bank and Trust is the largest, with 15% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Beacon Bank and Trust	244	$40.2M	14.9%	0.09%
2	Eastern Bank	217	$34.3M	12.7%	0.62%
3	Webster Bank National Association	54	$25.1M	9.3%	0.30%
4	Citizens Bank, National Association	101	$14.7M	5.5%	2.87%
5	Live Oak Banking Company	8	$11.6M	4.3%	0.00%
6	Independence Bank	28	$11.0M	4.1%	5.61%
7	Shoreham Bank	11	$10.1M	3.8%	0.00%
8	Newtek Small Business Finance, Inc.	19	$9.9M	3.7%	0.00%
9	TD Bank, National Association	33	$9.7M	3.6%	0.61%
10	Bank Five Nine	3	$9.0M	3.3%	0.00%
11	Northeast Bank	42	$8.6M	3.2%	0.00%
12	Bankwell Bank	2	$7.5M	2.8%	0.00%
13	Navigant CU	24	$6.4M	2.4%	0.00%
14	Celtic Bank Corporation	4	$6.1M	2.2%	1.55%
15	Bristol County Savings Bank	34	$5.7M	2.1%	0.00%
16	The Washington Trust Company of Westerly	40	$5.3M	2.0%	2.36%
17	Everwise Credit Union	1	$4.5M	1.6%	0.00%
18	Fifth Third Bank	1	$3.5M	1.3%	0.00%
19	Grasshopper Bank National Association	2	$3.4M	1.3%	0.00%
20	Santander Bank, National Association	29	$3.1M	1.2%	0.80%
21	Greenwood CU	34	$2.9M	1.1%	0.00%
22	BankNewport	33	$2.8M	1.0%	0.00%
23	South Shore Bank	1	$2.7M	1.0%	0.00%
24	Readycap Lending, LLC	5	$2.4M	0.9%	0.00%
25	Newtek Bank, National Association	5	$2.2M	0.8%	0.00%
26	Wells Fargo Bank National Association	4	$2.2M	0.8%	0.00%
27	BayFirst National Bank	11	$2.2M	0.8%	5.23%
28	Centreville Bank	7	$1.7M	0.6%	0.00%
29	Bank of America, National Association	6	$1.7M	0.6%	0.00%
30	The Huntington National Bank	6	$1.5M	0.5%	0.00%
31	Rockland Trust Company	3	$1.3M	0.5%	0.00%
32	United Midwest Savings Bank National Association	2	$1.2M	0.4%	0.00%
33	Customers Bank	2	$1.1M	0.4%	0.00%
34	Climate First Bank	2	$1.1M	0.4%	0.00%
35	PNC Bank, National Association	3	$1.1M	0.4%	17.77%
36	Community Investment Corporation	8	$1.0M	0.4%	5.68%
37	Coastal1 Credit Union	6	$987K	0.4%	22.29%
38	SouthState Bank, National Association	2	$978K	0.4%	0.00%
39	Oconee State Bank	1	$910K	0.3%	0.00%
40	Lendistry SBLC, LLC	3	$841K	0.3%	0.00%
41	Harvest Small Business Finance, LLC	1	$812K	0.3%	0.00%
42	TruNorth Bank	2	$764K	0.3%	0.00%
43	Mechanics Cooperative Bank	1	$700K	0.3%	0.00%
44	Ocean State CU	4	$577K	0.2%	0.00%
45	HomeTrust Bank	1	$557K	0.2%	0.00%
46	Citizens Bank	1	$494K	0.2%	0.00%
47	Leader Bank, National Association	2	$453K	0.2%	0.00%
48	Happen Bank	1	$436K	0.2%	0.00%
49	Hanmi Bank	1	$400K	0.1%	92.97%
50	Westerly Community CU	4	$350K	0.1%	0.00%
51	Baycoast Bank	4	$315K	0.1%	0.00%
52	CenTrust Bank, A Division of SmartBiz Bank National Association	1	$275K	0.1%	0.00%
53	Wilmington Savings Fund Society FSB	1	$230K	0.1%	0.00%
54	Business Development Company	1	$200K	0.1%	0.00%
55	Florida Capital Bank, National Association	2	$195K	0.1%	0.00%
56	Magnifi Financial CU	1	$166K	0.1%	0.00%
57	North State Bank	1	$150K	0.1%	0.00%
58	First Merchants Bank	1	$150K	0.1%	0.00%
59	JPMorgan Chase Bank, National Association	1	$100K	0.0%	0.00%
60	Manufacturers and Traders Trust Company	1	$100K	0.0%	0.00%
61	BOKF, National Association	1	$75K	0.0%	0.00%
62	South Eastern Economic Development Corporation	1	$50K	0.0%	0.00%
63	VelocitySBA, LLC	3	$48K	0.0%	0.00%
64	Fall River Five Cents Savings Bank d/b/a BankFive	1	$30K	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.

What the money went into

Rank	Industry	Loans	Approved	Share of county
1	Health care & social assistance	109	$38.3M	14.2%
2	Accommodation & food services	119	$34.7M	12.9%
3	Retail trade	90	$28.3M	10.5%
4	Professional & technical services	123	$26.2M	9.7%
5	Construction	135	$22.6M	8.4%
6	Wholesale trade	48	$20.4M	7.6%
7	Manufacturing	41	$20.0M	7.4%
8	Administrative & waste services	82	$17.5M	6.5%
9	Other services	99	$12.0M	4.5%
10	Arts, entertainment & recreation	28	$9.4M	3.5%
11	Retail trade	63	$8.9M	3.3%
12	Real estate & leasing	31	$8.3M	3.1%
13	Finance & insurance	34	$6.0M	2.2%
14	Mining & extraction	1	$5.0M	1.9%
15	Management of companies	2	$3.3M	1.2%
16	Manufacturing	12	$2.2M	0.8%
17	Educational services	18	$1.6M	0.6%
18	Manufacturing	9	$1.3M	0.5%
19	Transportation & warehousing	18	$1.1M	0.4%
20	Utilities	2	$960K	0.4%
21	Transportation & warehousing	6	$931K	0.3%
22	Agriculture, forestry & fishing	9	$914K	0.3%

Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.

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.