SBA 7(a) lenders in Providence, RI

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

Lenders

99 institutions have SBA 7(a) loans on record in Providence, together $657.5M across 2,889 loans. Eastern Bank is the largest, with 13% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Eastern Bank	404	$83.2M	12.7%	1.10%
2	Beacon Bank and Trust	554	$75.9M	11.5%	1.56%
3	Citizens Bank, National Association	324	$61.6M	9.4%	0.62%
4	Bristol County Savings Bank	217	$55.7M	8.5%	3.35%
5	Webster Bank National Association	127	$44.1M	6.7%	0.06%
6	Newtek Small Business Finance, Inc.	35	$34.0M	5.2%	0.00%
7	Navigant CU	162	$26.0M	4.0%	4.59%
8	Independence Bank	76	$23.3M	3.5%	15.36%
9	Live Oak Banking Company	29	$23.1M	3.5%	0.00%
10	Santander Bank, National Association	153	$21.8M	3.3%	2.00%
11	TD Bank, National Association	150	$16.6M	2.5%	3.40%
12	Coastal1 Credit Union	33	$13.3M	2.0%	14.92%
13	Northeast Bank	63	$10.1M	1.5%	2.89%
14	The Washington Trust Company of Westerly	66	$9.5M	1.4%	7.76%
15	Readycap Lending, LLC	19	$8.8M	1.3%	15.89%
16	BankNewport	85	$8.6M	1.3%	0.32%
17	Bank of America, National Association	26	$8.4M	1.3%	2.44%
18	Celtic Bank Corporation	16	$8.2M	1.2%	3.62%
19	Rockland Trust Company	14	$7.7M	1.2%	0.00%
20	First Bank of the Lake	4	$7.2M	1.1%	0.00%
21	Byline Bank	4	$7.1M	1.1%	0.00%
22	Shoreham Bank	16	$6.3M	1.0%	0.00%
23	Greenwood CU	31	$5.3M	0.8%	1.59%
24	Happen Bank	11	$5.3M	0.8%	26.99%
25	Wells Fargo Bank National Association	8	$4.6M	0.7%	0.00%
26	Community Investment Corporation	25	$4.0M	0.6%	4.34%
27	Metro City Bank	6	$3.9M	0.6%	0.00%
28	The Huntington National Bank	17	$3.7M	0.6%	0.00%
29	Stearns Bank National Association	11	$3.5M	0.5%	0.00%
30	Bankwell Bank	1	$3.4M	0.5%	0.00%
31	Baycoast Bank	16	$2.8M	0.4%	0.00%
32	Commonwealth Business Bank	1	$2.8M	0.4%	0.00%
33	First Financial Bank	3	$2.7M	0.4%	0.00%
34	IncredibleBank	2	$2.6M	0.4%	0.00%
35	Newtek Bank, National Association	9	$2.6M	0.4%	0.00%
36	Truist Bank	2	$2.4M	0.4%	0.00%
37	JPMorgan Chase Bank, National Association	7	$2.2M	0.3%	1.83%
38	Manufacturers and Traders Trust Company	7	$2.1M	0.3%	0.00%
39	TowneBank	4	$2.0M	0.3%	3.61%
40	BayFirst National Bank	14	$2.0M	0.3%	9.77%
41	United Midwest Savings Bank National Association	9	$1.9M	0.3%	0.00%
42	First Internet Bank of Indiana	2	$1.8M	0.3%	0.00%
43	Business Development Company	8	$1.5M	0.2%	0.00%
44	Leader Bank, National Association	6	$1.5M	0.2%	0.00%
45	Dean Co-operative Bank	7	$1.4M	0.2%	0.00%
46	First Bank	3	$1.4M	0.2%	0.00%
47	Primary Bank	2	$1.4M	0.2%	0.00%
48	Alerus Financial, National Association	1	$1.3M	0.2%	0.00%
49	Needham Bank	2	$1.2M	0.2%	0.00%
50	TruNorth Bank	1	$1.1M	0.2%	27.67%
51	Hana Bank USA National Association	1	$1.1M	0.2%	0.00%
52	Meridian Bank	2	$1.1M	0.2%	0.00%
53	Fund-Ex Solutions Group, LLC	1	$950K	0.1%	0.00%
54	Evolve Bank and Trust	1	$948K	0.1%	0.00%
55	Centreville Bank	8	$935K	0.1%	0.00%
56	Fall River Five Cents Savings Bank d/b/a BankFive	8	$928K	0.1%	4.05%
57	Gulf Coast Bank and Trust Company	1	$885K	0.1%	0.00%
58	Mechanics Cooperative Bank	7	$858K	0.1%	20.86%
59	CenTrust Bank, A Division of SmartBiz Bank National Association	3	$850K	0.1%	0.00%
60	Heritage Bank Inc	2	$836K	0.1%	0.00%
61	Citizens Bank	2	$816K	0.1%	0.00%
62	Fountainhead SBF LLC	1	$807K	0.1%	0.00%
63	Bluestone Bank	2	$754K	0.1%	0.00%
64	First National Bank of Pennsylvania	1	$751K	0.1%	0.00%
65	The Cape Cod Five Cents Savings Bank	1	$750K	0.1%	69.45%
66	The Fidelity Bank	1	$675K	0.1%	0.00%
67	Bank Five Nine	1	$650K	0.1%	0.00%
68	First-Citizens Bank & Trust Company	1	$650K	0.1%	0.00%
69	South Eastern Economic Development Corporation	5	$610K	0.1%	0.00%
70	bankHometown	2	$580K	0.1%	0.00%
71	Business Lenders, LLC	1	$540K	0.1%	66.93%
72	UniBank for Savings	6	$512K	0.1%	0.00%
73	Seacoast National Bank	2	$510K	0.1%	49.20%
74	Genesis Bank	2	$508K	0.1%	0.00%
75	Harvest Small Business Finance, LLC	1	$450K	0.1%	0.00%
76	Lendistry SBLC, LLC	2	$411K	0.1%	0.00%
77	Avidia Bank	1	$400K	0.1%	0.00%
78	Enterprise Bank & Trust	1	$383K	0.1%	0.00%
79	Cornerstone Bank	2	$350K	0.1%	0.00%
80	Accion Opportunity Fund Community Development	1	$350K	0.1%	0.00%
81	Hanmi Bank	1	$340K	0.1%	0.00%
82	CRF Small Business Loan Company, LLC	1	$320K	0.0%	0.00%
83	The Freedom Bank of Virginia	1	$320K	0.0%	0.00%
84	Ocean State CU	1	$286K	0.0%	0.00%
85	Colony Bank	2	$250K	0.0%	0.00%
86	Liberty Bank	1	$250K	0.0%	0.00%
87	City National Bank of Florida	1	$240K	0.0%	0.00%
88	The Bank of Houston	1	$232K	0.0%	0.00%
89	People's Credit Union	1	$189K	0.0%	0.00%
90	Middlesex Savings Bank	1	$150K	0.0%	0.00%
91	Connecticut Community Bank, National Association	1	$150K	0.0%	0.00%
92	Five Star Bank	1	$150K	0.0%	0.00%
93	Titan Bank, National Association	1	$135K	0.0%	0.00%
94	Triangle CU	3	$127K	0.0%	0.00%
95	Westerly Community CU	1	$115K	0.0%	0.00%
96	KeyBank National Association	1	$85K	0.0%	0.00%
97	Capital One National Association	2	$75K	0.0%	18.05%
98	Charles River Bank	1	$74K	0.0%	0.00%
99	VelocitySBA, LLC	4	$48K	0.0%	39.16%

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	Retail trade	297	$82.1M	12.5%
2	Construction	353	$71.0M	10.8%
3	Accommodation & food services	341	$68.8M	10.5%
4	Wholesale trade	145	$59.5M	9.0%
5	Manufacturing	141	$55.2M	8.4%
6	Other services	313	$53.9M	8.2%
7	Health care & social assistance	266	$51.5M	7.8%
8	Professional & technical services	277	$43.8M	6.7%
9	Manufacturing	81	$33.6M	5.1%
10	Administrative & waste services	126	$24.3M	3.7%
11	Manufacturing	58	$20.9M	3.2%
12	Finance & insurance	57	$17.3M	2.6%
13	Retail trade	118	$17.2M	2.6%
14	Arts, entertainment & recreation	66	$16.4M	2.5%
15	Real estate & leasing	71	$16.0M	2.4%
16	Educational services	30	$8.6M	1.3%
17	Transportation & warehousing	92	$7.8M	1.2%
18	Information	38	$6.7M	1.0%
19	Transportation & warehousing	11	$1.6M	0.3%
20	Agriculture, forestry & fishing	5	$1.2M	0.2%
21	Utilities	3	$310K	0.0%

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.