Rhode Island · Construction
SBA loans for construction in Rhode Island
668 loans worth $137.6M approved since FY2010 for construction projects located in Rhode Island.
Loans
668
Approved
$137.6M
Median loan
$100,000
+0% vs sector nationally
Median rate
6.50%
Jobs supported
4,878
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 construction in Rhode Island
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Beacon Bank and Trust | 125 | $20.9M | |
| Eastern Bank | 108 | $20.8M | |
| Ocean State Business Development Authority | 37 | $13.7M | |
| Santander Bank | 37 | $9.4M | |
| Webster Bank | 24 | $7.8M | |
| Bristol County Savings Bank | 25 | $5.0M | |
| BankNewport | 52 | $4.8M | |
| The Huntington National Bank | 12 | $4.7M |
Detail
Which industries inside the sector
All SBA lending in Rhode Island
5,624 loans across every sector.
Construction nationally
115,753 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to construction businesses in Rhode Island?
- 668 SBA loans totalling $137,619,700 have been approved for construction projects in Rhode Island since FY2010.
- Which lenders finance construction in Rhode Island?
- The most active by dollars approved are Beacon Bank and Trust, Eastern Bank, Ocean State Business Development Authority, Santander Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for construction in Rhode Island?
- The median approval is $100,000.
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