Best Rhode Island SBA Lenders & Rates of 2026

Compare 48 SBA lenders in Rhode Island. $90.1M funded across 277 businesses. Average rate 10.32%. Get matched free.

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Best Rhode Island SBA Lenders & Rates of 2026

$90.1M
Total Funded

277
Loans Approved

$325K
Avg Loan Size

10.32%
Avg Interest Rate

48
Active Lenders

SBA Loans in Rhode Island

Rhode Island businesses received $90.1M in SBA 7(a) loan approvals across 277 businesses in 2025. With 48 active SBA lenders competing for business in Rhode Island, understanding which banks offer the best rates can save you tens of thousands of dollars.

💡 Key Insight: The average SBA loan in Rhode Island is $325K, with rates averaging 10.32%. Rates vary significantly by lender—comparing offers can save you $50,000+ over the life of your loan.

Top SBA Lenders in Rhode Island (2025)

Based on official SBA data analyzed by GoSBA Loans, these are the banks that funded the most SBA 7(a) loans to Rhode Island businesses:

RankLenderVolumeLoansAvg Rate
1Citizens Bank, National Association$10.4M129.97%
2Live Oak Banking Company$7.7M69.41%
3Brookline Bank, a Division of Beacon Bank and Trust$5.7M178.99%
4Bank Five Nine$4.5M19.25%
5Meridian Bank$4.5M19.00%
6Bristol County Savings Bank$4.3M109.10%
7First Internet Bank of Indiana$4.2M49.88%
8BankNewport$4.1M6711.72%
9The Huntington National Bank$3.9M89.53%
10Eastern Bank$3.8M168.66%
11Northeast Bank$3.2M2210.91%
12Shoreham Bank$3.1M79.86%
13Readycap Lending, LLC$3.0M712.39%
14Commonwealth Business Bank$2.8M18.50%
15Bankwell Bank$2.5M19.50%
16Webster Bank National Association$2.4M118.79%
17Newtek Bank, National Association$1.6M511.70%
18Truliant FCU$1.4M110.00%
19Navigant CU$1.4M68.17%
20Bank of America, National Association$1.3M36.80%

🤝 How to Get an SBA Loan in Rhode Island

Many top SBA lenders work primarily through approved SBA loan brokers. This is good news for borrowers:

  • Better Match: Get matched with the right lender for your situation
  • Negotiating Power: Broker relationships can result in better rates
  • Time Savings: One application goes to multiple lenders
  • Expert Guidance: Maximize your approval chances

GoSBA Loans works with lenders across Rhode Island and can help you access the best loan programs. Our service is completely free to borrowers.

📞 Get Matched with Rhode Island SBA Lenders

Ready to apply for an SBA loan in Rhode Island? Our team can help you get matched with the right lender and program for your business.

Looking for SBA lenders in other states? GoSBA Loans works with 75+ SBA lenders nationwide. Contact us to get matched with the best lender for your specific business needs.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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