Rhode Island · Transportation
SBA loans for transportation in Rhode Island
130 loans worth $16.2M approved since FY2010 for transportation and warehousing projects located in Rhode Island.
Loans
130
Approved
$16.2M
Median loan
$50,000
-22% vs sector nationally
Median rate
7.00%
Jobs supported
586
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 transportation in Rhode Island
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Beacon Bank and Trust | 27 | $2.8M | |
| Ocean State Business Development Authority | 6 | $2.0M | |
| IncredibleBank | 1 | $1.7M | |
| Eastern Bank | 11 | $1.6M | |
| New England Certified Development Corporation | 2 | $1.1M | |
| Independence Bank | 3 | $775K | |
| TD Bank | 18 | $745K | |
| Baycoast Bank | 2 | $724K |
Detail
Which industries inside the sector
All SBA lending in Rhode Island
5,624 loans across every sector.
Transportation nationally
49,317 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to transportation businesses in Rhode Island?
- 130 SBA loans totalling $16,198,500 have been approved for transportation and warehousing projects in Rhode Island since FY2010.
- Which lenders finance transportation in Rhode Island?
- The most active by dollars approved are Beacon Bank and Trust, Ocean State Business Development Authority, IncredibleBank, Eastern Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for transportation in Rhode Island?
- The median approval is $50,000, 22% below the national median for this sector ($64,000).
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