Rhode Island · Retail
SBA loans for retail in Rhode Island
505 loans worth $165.8M approved since FY2010 for retail trade projects located in Rhode Island.
Loans
505
Approved
$165.8M
Median loan
$150,000
-40% vs sector nationally
Median rate
6.00%
Jobs supported
3,498
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 retail in Rhode Island
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Eastern Bank | 66 | $22.3M | |
| Ocean State Business Development Authority | 25 | $17.5M | |
| Newtek Small Business Finance, Inc. | 13 | $11.2M | |
| Beacon Bank and Trust | 68 | $10.5M | |
| Bristol County Savings Bank | 37 | $10.2M | |
| New England Certified Development Corporation | 19 | $8.8M | |
| Citizens Bank | 38 | $7.7M | |
| Navigant CU | 21 | $6.8M |
Detail
Which industries inside the sector
All SBA lending in Rhode Island
5,624 loans across every sector.
Retail nationally
91,542 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to retail businesses in Rhode Island?
- 505 SBA loans totalling $165,801,300 have been approved for retail trade projects in Rhode Island since FY2010.
- Which lenders finance retail in Rhode Island?
- The most active by dollars approved are Eastern Bank, Ocean State Business Development Authority, Newtek Small Business Finance, Inc., 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 retail in Rhode Island?
- The median approval is $150,000, 40% below the national median for this sector ($250,000).
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