Rhode Island · Health Care
SBA loans for health care in Rhode Island
514 loans worth $134.9M approved since FY2010 for health care and social assistance projects located in Rhode Island.
Loans
514
Approved
$134.9M
Median loan
$126,500
-49% vs sector nationally
Median rate
6.00%
Jobs supported
4,689
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 health care in Rhode Island
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Ocean State Business Development Authority | 49 | $16.7M | |
| Live Oak Banking Company | 13 | $14.5M | |
| Citizens Bank | 55 | $10.7M | |
| Eastern Bank | 60 | $9.4M | |
| Bank Five Nine | 2 | $8.2M | |
| Beacon Bank and Trust | 51 | $8.0M | |
| Bay Colony Development Corporation | 22 | $6.8M | |
| New England Certified Development Corporation | 19 | $5.6M |
Detail
Which industries inside the sector
All SBA lending in Rhode Island
5,624 loans across every sector.
Health Care nationally
105,632 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to health care businesses in Rhode Island?
- 514 SBA loans totalling $134,915,700 have been approved for health care and social assistance projects in Rhode Island since FY2010.
- Which lenders finance health care in Rhode Island?
- The most active by dollars approved are Ocean State Business Development Authority, Live Oak Banking Company, Citizens Bank, Eastern Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for health care in Rhode Island?
- The median approval is $126,500, 49% below the national median for this sector ($250,000).
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