How much SBA lending happens in Providence, RI?

Providence, RI businesses have closed 463 SBA loans worth $130.6M in approved capital since 2016, at an average loan size of $282K, supporting 3,676 jobs.

What can I use an SBA loan for in Providence?

SBA 7(a) loans up to $5M fund business acquisitions, working capital, equipment, and owner occupied real estate. SBA 504 loans fund real estate and heavy equipment with as little as 10% down. The most active Providence industries by SBA volume are Full-Service Restaurants, Limited-Service Restaurants, Supermarkets and Other Grocery (except Convenience) Stores.

How do I get matched to an SBA lender in Providence?

Tell PeerSense about your deal. Within one business day we match you to the SBA lender most likely to approve and price your Providence deal, whether they are local or national. Free consultation, no upfront fees.

SBA Loans in Providence, RI

Businesses in Providence, RI have closed 463 SBA loans worth $130.6M in approved capital since 2016 , supporting 3,676 local jobs. The average Providence SBA loan is $282K. PeerSense reads the local lending data and matches you to the SBA lender most likely to fund your deal.

Data updated June 2026. Source: SBA 7(a) and 504 loan records, 2016 to present.

463

SBA Loans Funded

$130.6M

Capital Deployed

$282K

Average Loan

3,676

Jobs Supported

2.4%

Charge Off Rate

Most active Providence industries for SBA financing

Full-Service Restaurants62 loans

Limited-Service Restaurants25 loans

Supermarkets and Other Grocery (except Convenience) Stores19 loans

Beer, Wine, and Liquor Stores14 loans

Offices of Lawyers13 loans

SBA lenders actively funding RI deals

Ranked by real funding activity in RI. PeerSense reads this match and routes your deal to the lender most likely to approve and price it. You work with us, not a call list.

Brookline Bank, a Division of Beacon Bank and Trust39 SBA loans funded in RI Webster Bank National Association17 SBA loans funded in RI Rockland Trust Company7 SBA loans funded in RI Shoreham Bank20 SBA loans funded in RI The Washington Trust Company of Westerly29 SBA loans funded in RI Eastern Bank46 SBA loans funded in RI

Get matched to an SBA lender in Providence.

Tell us your loan amount and use of funds. We route you to the lender most likely to fund a Providence deal, local or national.

SBA 7(a) / 504 — Response within 4 business hours. No obligation.

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How to get an SBA loan in Providence

SBA loans in Providence, RI are not limited to local banks. SBA 7(a) and 504 loans can be funded by national lenders and preferred lenders anywhere in the country, and the right out of market lender often beats a local bank on rate, term, and speed to close. What matters is matching your industry, loan size, and structure to a lender that actively funds deals like yours.

With 463 loans and $130.6M of approved capital on record, Providence has a deep, lender friendly track record. PeerSense uses that history to route your deal to the lender most likely to approve it, then stays with you through closing.

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