Rhode Island · Professional Services
SBA loans for professional services in Rhode Island
547 loans worth $122.1M approved since FY2010 for professional, scientific, and technical services projects located in Rhode Island.
Loans
547
Approved
$122.1M
Median loan
$100,000
-33% vs sector nationally
Median rate
6.00%
Jobs supported
3,790
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 professional services in Rhode Island
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Ocean State Business Development Authority | 34 | $16.0M | |
| Beacon Bank and Trust | 104 | $15.6M | |
| Citizens Bank | 46 | $10.2M | |
| Eastern Bank | 75 | $10.0M | |
| New England Certified Development Corporation | 21 | $9.0M | |
| Webster Bank | 19 | $7.0M | |
| Newtek Bank | 5 | $4.3M | |
| Independence Bank | 13 | $4.3M |
Detail
Which industries inside the sector
All SBA lending in Rhode Island
5,624 loans across every sector.
Professional Services nationally
101,046 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to professional services businesses in Rhode Island?
- 547 SBA loans totalling $122,065,700 have been approved for professional, scientific, and technical services projects in Rhode Island since FY2010.
- Which lenders finance professional services in Rhode Island?
- The most active by dollars approved are Ocean State Business Development Authority, Beacon Bank and Trust, 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 professional services in Rhode Island?
- The median approval is $100,000, 33% below the national median for this sector ($150,000).
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