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Rhode Island · Manufacturing
SBA loans for manufacturing in Rhode Island
142 loans worth $61.5M approved since FY2010 for manufacturing projects located in Rhode Island.
Loans
142
Approved
$61.5M
Median loan
$150,000
-25% vs sector nationally
Median rate
6.00%
Jobs supported
1,723
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 manufacturing in Rhode Island
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Ocean State Business Development Authority | 8 | $9.4M | |
| Bristol County Savings Bank | 9 | $8.3M | |
| Beacon Bank and Trust | 19 | $8.0M | |
| Citizens Bank | 11 | $7.7M | |
| New England Certified Development Corporation | 5 | $5.2M | |
| Independence Bank | 12 | $4.6M | |
| Bay Colony Development Corporation | 6 | $3.4M | |
| Webster Bank | 11 | $3.0M |
Detail
Which industries inside the sector
| Industry | Loans | Share |
|---|---|---|
| Breweries | 30 | |
| Retail Bakeries | 20 | |
| Distilleries | 8 | |
| Coffee and Tea Manufacturing | 8 | |
| Commercial Bakeries | 8 | |
| Seafood Product Preparation and Packaging | 7 | |
| Carpet and Rug Mills | 6 | |
| All Other Miscellaneous Food Manufacturing | 6 |
An SBA 7(a) lender for loans this size
The median SBA loan approved for manufacturing in Rhode Island since FY2010 was $150,000. 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.
Manufacturing nationally
21,271 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to manufacturing businesses in Rhode Island?
- 142 SBA loans totalling $61,509,500 have been approved for manufacturing projects in Rhode Island since FY2010.
- Which lenders finance manufacturing in Rhode Island?
- The most active by dollars approved are Ocean State Business Development Authority, Bristol County Savings Bank, Beacon Bank and Trust, Citizens Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for manufacturing in Rhode Island?
- The median approval is $150,000, 25% below the national median for this sector ($200,000).
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