Rhode Island · Restaurants & Hotels
SBA loans for restaurants & hotels in Rhode Island
771 loans worth $286.4M approved since FY2010 for accommodation and food services projects located in Rhode Island.
Loans
771
Approved
$286.4M
Median loan
$150,000
-50% vs sector nationally
Median rate
6.50%
Jobs supported
11,281
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Who lends to restaurants & hotels in Rhode Island
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Bay Colony Development Corporation | 51 | $44.5M | |
| Ocean State Business Development Authority | 65 | $41.4M | |
| Newtek Small Business Finance, Inc. | 22 | $21.9M | |
| New England Certified Development Corporation | 34 | $18.3M | |
| Webster Bank | 31 | $13.2M | |
| Citizens Bank | 42 | $11.9M | |
| Eastern Bank | 61 | $11.1M | |
| Celtic Bank Corporation | 7 | $10.5M |
Detail
Which industries inside the sector
All SBA lending in Rhode Island
5,624 loans across every sector.
Restaurants & Hotels nationally
137,471 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to restaurants & hotels businesses in Rhode Island?
- 771 SBA loans totalling $286,357,800 have been approved for accommodation and food services projects in Rhode Island since FY2010.
- Which lenders finance restaurants & hotels in Rhode Island?
- The most active by dollars approved are Bay Colony Development Corporation, Ocean State Business Development Authority, Newtek Small Business Finance, Inc., New England Certified Development Corporation. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for restaurants & hotels in Rhode Island?
- The median approval is $150,000, 50% below the national median for this sector ($300,000).
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