Rhode Island · Arts & Recreation
SBA loans for arts & recreation in Rhode Island
176 loans worth $82.6M approved since FY2010 for arts, entertainment, and recreation projects located in Rhode Island.
Loans
176
Approved
$82.6M
Median loan
$150,000
-34% vs sector nationally
Median rate
6.25%
Jobs supported
1,864
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 arts & recreation in Rhode Island
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Ocean State Business Development Authority | 18 | $23.1M | |
| Bay Colony Development Corporation | 8 | $6.1M | |
| Newtek Small Business Finance, Inc. | 2 | $5.2M | |
| Everwise Credit Union | 1 | $4.5M | |
| Wells Fargo Bank | 6 | $3.4M | |
| New England Certified Development Corporation | 5 | $2.9M | |
| Happen Bank | 2 | $2.9M | |
| Independence Bank | 4 | $2.6M |
Detail
Which industries inside the sector
All SBA lending in Rhode Island
5,624 loans across every sector.
Arts & Recreation nationally
33,312 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to arts & recreation businesses in Rhode Island?
- 176 SBA loans totalling $82,633,600 have been approved for arts, entertainment, and recreation projects in Rhode Island since FY2010.
- Which lenders finance arts & recreation in Rhode Island?
- The most active by dollars approved are Ocean State Business Development Authority, Bay Colony Development Corporation, Newtek Small Business Finance, Inc., Everwise Credit Union. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for arts & recreation in Rhode Island?
- The median approval is $150,000, 34% below the national median for this sector ($228,400).
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