SBA 7(a) lenders in Washington, RI

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-09-30.

Lenders

53 institutions have SBA 7(a) loans on record in Washington, together $179.7M across 715 loans. Beacon Bank and Trust is the largest, with 14% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Beacon Bank and Trust	114	$25.7M	14.3%	1.92%
2	Santander Bank, National Association	50	$14.8M	8.2%	0.51%
3	Newtek Small Business Finance, LLC	13	$14.1M	7.8%	6.47%
4	Eastern Bank	76	$13.4M	7.4%	1.87%
5	The Washington Trust Company of Westerly	98	$13.1M	7.3%	4.68%
6	Independence Bank	19	$8.0M	4.5%	2.40%
7	Bristol County Savings Bank	22	$6.3M	3.5%	0.00%
8	TD Bank, National Association	14	$6.1M	3.4%	0.41%
9	The Huntington National Bank	7	$5.7M	3.2%	0.00%
10	BankNewport	53	$5.2M	2.9%	3.35%
11	Citizens Bank, National Association	54	$5.2M	2.9%	0.85%
12	Navigant CU	14	$4.9M	2.7%	1.05%
13	Meridian Bank	1	$4.5M	2.5%	0.00%
14	Westerly Community CU	56	$4.2M	2.3%	10.84%
15	FDIC - Community Bank & Trust-West Georgia	1	$3.5M	1.9%	0.00%
16	Banc of California	2	$3.4M	1.9%	0.00%
17	Jewett City Savings Bank	7	$3.3M	1.9%	0.00%
18	Celtic Bank Corporation	8	$3.0M	1.6%	4.16%
19	Happen Bank	2	$2.9M	1.6%	52.21%
20	Northeast Bank	18	$2.6M	1.4%	1.37%
21	KeyBank National Association	3	$2.5M	1.4%	0.00%
22	First Internet Bank of Indiana	2	$2.4M	1.3%	0.00%
23	Hana Bank USA National Association	1	$2.3M	1.3%	0.00%
24	Wells Fargo Bank National Association	3	$2.1M	1.2%	0.00%
25	Readycap Lending, LLC	2	$2.0M	1.1%	0.00%
26	First National Bank of Pennsylvania	2	$1.7M	0.9%	77.69%
27	Bank of America, National Association	8	$1.7M	0.9%	0.00%
28	Live Oak Banking Company	3	$1.5M	0.8%	0.00%
29	Freedom National Bank	1	$1.4M	0.8%	0.00%
30	BayFirst National Bank	11	$1.3M	0.7%	0.00%
31	First Financial Bank	2	$1.2M	0.7%	0.00%
32	Coastal1 Credit Union	3	$1.2M	0.7%	0.00%
33	American Momentum Bank	2	$1.1M	0.6%	0.00%
34	GBC International Bank	1	$1.0M	0.6%	0.00%
35	SouthState Bank, National Association	1	$903K	0.5%	0.00%
36	Business Development Company	3	$775K	0.4%	0.00%
37	Community Investment Corporation	6	$760K	0.4%	7.10%
38	Shoreham Bank	3	$740K	0.4%	0.00%
39	Fall River Five Cents Savings Bank d/b/a BankFive	3	$612K	0.3%	0.00%
40	Newtek Bank, National Association	4	$525K	0.3%	0.00%
41	Baycoast Bank	3	$400K	0.2%	0.00%
42	Five Star Bank	1	$350K	0.2%	81.02%
43	JPMorgan Chase Bank, National Association	1	$300K	0.2%	0.00%
44	UniBank for Savings	3	$300K	0.2%	0.00%
45	Rockland Trust Company	2	$291K	0.2%	0.00%
46	Heritage Bank Inc	1	$150K	0.1%	0.00%
47	CenTrust Bank, A Division of SmartBiz Bank National Association	1	$150K	0.1%	0.00%
48	Manufacturers and Traders Trust Company	1	$150K	0.1%	0.00%
49	Chelsea Groton Bank	2	$147K	0.1%	0.00%
50	SoFi Bank, National Association	1	$135K	0.1%	0.00%
51	South Eastern Economic Development Corporation	2	$120K	0.1%	0.00%
52	U.S. Bank, National Association	3	$42K	0.0%	0.00%
53	VelocitySBA, LLC	1	$10K	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	Accommodation & food services	104	$45.7M	25.5%
2	Construction	97	$18.3M	10.2%
3	Arts, entertainment & recreation	30	$17.8M	9.9%
4	Wholesale trade	31	$15.8M	8.8%
5	Retail trade	52	$14.3M	8.0%
6	Health care & social assistance	64	$13.0M	7.2%
7	Other services	72	$12.9M	7.2%
8	Professional & technical services	61	$9.4M	5.2%
9	Manufacturing	29	$7.0M	3.9%
10	Agriculture, forestry & fishing	28	$3.8M	2.1%
11	Retail trade	34	$3.8M	2.1%
12	Manufacturing	17	$3.5M	1.9%
13	Administrative & waste services	43	$3.3M	1.8%
14	Utilities	3	$2.6M	1.4%
15	Transportation & warehousing	15	$1.8M	1.0%
16	Finance & insurance	7	$1.8M	1.0%
17	Manufacturing	6	$1.5M	0.8%
18	Information	7	$1.1M	0.6%
19	Mining & extraction	3	$1.0M	0.6%
20	Educational services	6	$670K	0.4%
21	Real estate & leasing	6	$576K	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.