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Rhode Island · Information
SBA loans for information in Rhode Island
43 loans worth $11.4M approved since FY2010 for information projects located in Rhode Island.
Loans
43
Approved
$11.4M
Median loan
$100,000
-33% vs sector nationally
Median rate
6.25%
Jobs supported
333
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 information in Rhode Island
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Citizens Bank | 8 | $4.1M | |
| Truist Bank | 2 | $2.4M | |
| Truliant FCU | 1 | $1.4M | |
| Beacon Bank and Trust | 8 | $570K | |
| The Washington Trust Company of Westerly | 4 | $540K | |
| Ocean State Business Development Authority | 2 | $533K | |
| New England Certified Development Corporation | 2 | $505K | |
| Independence Bank | 2 | $300K |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for information in Rhode Island since FY2010 was $100,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in Rhode Island
5,624 loans across every sector.
Information nationally
11,001 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to information businesses in Rhode Island?
- 43 SBA loans totalling $11,429,300 have been approved for information projects in Rhode Island since FY2010.
- Which lenders finance information in Rhode Island?
- The most active by dollars approved are Citizens Bank, Truist Bank, Truliant FCU, Beacon Bank and Trust. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for information in Rhode Island?
- The median approval is $100,000, 33% below the national median for this sector ($150,000).
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