SBA Loans for Electric Power Distribution in Rhode Island: Top Lenders
NAICS 221NAICS 221 covers electric power distribution businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
1
in Rhode Island
Median Loan Size
$60,000
per approval
Recent Activity
0
last 90 days through Feb 2025
NAICS 221 covers electric power distribution businesses. This is a smaller category in SBA 7(a) lending with 1 approvals on record and a median loan size of $60,000.
Key trends & insights
- Electric Power Distribution in Rhode Island loans skew smaller than the SBA average at $60,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2025-02-20 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Electric Power Distribution in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $60,000 |
Recent SBA 7(a) approvals for Electric Power Distribution in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-02 | BankNewport | Fle*****Inc | JOHNSTON, RI | $60,000 |
| 2021-05 | Mechanics Cooperative Bank | Rev*****LLC | WARWICK, RI | $700,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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