Rhode Island · Finance & Insurance
SBA loans for finance & insurance in Rhode Island
107 loans worth $28.8M approved since FY2010 for finance and insurance projects located in Rhode Island.
Loans
107
Approved
$28.8M
Median loan
$100,000
-50% vs sector nationally
Median rate
6.00%
Jobs supported
450
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 finance & insurance in Rhode Island
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Bankwell Bank | 2 | $5.9M | |
| Coastal1 Credit Union | 7 | $5.9M | |
| Live Oak Banking Company | 6 | $2.4M | |
| Eastern Bank | 14 | $2.2M | |
| New England Certified Development Corporation | 5 | $1.8M | |
| United Midwest Savings Bank | 1 | $1.3M | |
| Beacon Bank and Trust | 18 | $1.2M | |
| Northeast Bank | 8 | $1.2M |
Detail
Which industries inside the sector
All SBA lending in Rhode Island
5,624 loans across every sector.
Finance & Insurance nationally
18,357 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to finance & insurance businesses in Rhode Island?
- 107 SBA loans totalling $28,763,500 have been approved for finance and insurance projects in Rhode Island since FY2010.
- Which lenders finance finance & insurance in Rhode Island?
- The most active by dollars approved are Bankwell Bank, Coastal1 Credit Union, Live Oak Banking Company, Eastern Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for finance & insurance in Rhode Island?
- The median approval is $100,000, 50% below the national median for this sector ($200,000).
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