SBA Loans for Electrical Contractors in Rhode Island: Top Lenders
NAICS 238NAICS 238 covers roofing contractors businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
26
in Rhode Island
Median Loan Size
$137,500
per approval
Recent Activity
0
last 90 days through Feb 2025
NAICS 238 covers roofing contractors businesses. This is a smaller category in SBA 7(a) lending with 26 approvals on record and a median loan size of $137,500.
Key trends & insights
- Eastern Bank leads this industry with 4 approvals (15% market share) and a median loan of $137,500.
- Electrical Contractors in Rhode Island loans skew smaller than the SBA average at $137,500 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 2025-02-28 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Electrical Contractors in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 4 | $137,500 | |
| 2 | 3 | $32,000 | |
| 3 | 2 | $42,500 | |
| 4 | 2 | $225,000 | |
| 5 | 2 | $293,500 | |
| 6 | 2 | $65,000 | |
| 7 | 2 | $1,180,500 | |
| 8 | 2 | $277,450 | |
| 9 | 2 | $150,000 | |
| 10 | 1 | $200,000 | |
| 11 | 1 | $245,000 | |
| 12 | 1 | $25,000 | |
| 13 | 1 | $651,600 | |
| 14 | 1 | $1,200,000 |
Recent SBA 7(a) approvals for Electrical Contractors in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-09 | Navigant CU | MET*****INC | CUMBERLAND, RI | $75,000 |
| 2025-09 | Navigant CU | MET*****INC | CUMBERLAND, RI | $75,000 |
| 2025-09 | Eastern Bank | DIC*****INC | FOSTER, RI | $400,000 |
| 2025-09 | Bristol County Savings Bank | A &*****nc. | COVENTRY, RI | $300,000 |
| 2025-09 | BankNewport | Hur*****LLC | PORTSMOUTH, RI | $150,000 |
| 2025-07 | Eastern Bank | HAR*****INC | PROVIDENCE, RI | $30,000 |
| 2025-04 | The Huntington National Bank | NS *****LLC | NORTH SMITHFIELD, RI | $75,000 |
| 2025-04 | The Huntington National Bank | NS *****LLC | NORTH SMITHFIELD, RI | $375,000 |
| 2025-04 | BankNewport | Aqu*****nc. | PORTSMOUTH, RI | $100,000 |
| 2025-03 | BankNewport | Sea*****LLC | NARRAGANSETT, RI | $10,000 |
| 2025-03 | Readycap Lending, LLC | Nor*****ing | Portsmouth, RI | $500,000 |
| 2025-02 | BankNewport | Gia*****Inc | WARWICK, RI | $70,000 |
| 2025-02 | First Internet Bank of Indiana | Com*****LLC | WESTERLY, RI | $2,161,000 |
| 2025-02 | First Internet Bank of Indiana | Com*****LLC | WESTERLY, RI | $200,000 |
| 2025-02 | BayFirst National Bank | Tru*****nc. | WAKEFIELD, RI | $95,000 |
| 2025-02 | Newtek Bank, National Association | S F*****inc | Burrillville, RI | $1,200,000 |
| 2025-02 | BayCoast Bank | Aus*****LLC | MANVILLE, RI | $420,000 |
| 2025-02 | Eastern Bank | S &*****nce | EXETER, RI | $70,000 |
| 2025-01 | Santander Bank, National Association | L &*****NC. | NORTH PROVIDENCE, RI | $75,000 |
| 2025-01 | BankNewport | For*****nc. | WARREN, RI | $39,000 |
| 2025-01 | Northeast Bank | C &*****nc. | West Warwick, RI | $87,000 |
| 2025-01 | Brookline Bank, a Division of Beacon Bank and Trust | EXC*****INC | WARWICK, RI | $200,000 |
| 2024-11 | The Huntington National Bank | Coa*****LLC | NORTH KINGSTOWN, RI | $2,055,000 |
| 2024-11 | The Huntington National Bank | Coa*****LLC | NORTH KINGSTOWN, RI | $250,000 |
| 2024-11 | Community Investment Corporation | Ang*****LLC | Charlestown, RI | $245,000 |
| 2024-11 | Navigant CU | PRE*****NC. | CHEPACHET, RI | $240,000 |
| 2024-11 | BankNewport | Bro*****LLC | PROVIDENCE, RI | $60,000 |
| 2024-10 | Northeast Bank | B &*****LLC | Warwick, RI | $500,000 |
| 2024-10 | BankNewport | Mar*****ing | MIDDLETOWN, RI | $15,000 |
| 2024-10 | Brookline Bank, a Division of Beacon Bank and Trust | New*****Inc | EXETER, RI | $25,000 |
| 2024-09 | Brookline Bank, a Division of Beacon Bank and Trust | Nor*****LLC | JOHNSTON, RI | $150,000 |
| 2024-08 | TD Bank, National Association | Str*****ion | WARWICK, RI | $40,000 |
| 2024-08 | Brookline Bank, a Division of Beacon Bank and Trust | IND*****INC | PROVIDENCE, RI | $350,000 |
| 2024-07 | Newtek Bank, National Association | A a*****LLC | East Providence, RI | $225,000 |
| 2024-07 | Northeast Bank | Lag*****LLC | West Greenwich, RI | $71,000 |
| 2024-06 | Brookline Bank, a Division of Beacon Bank and Trust | KEN*****INC | COVENTRY, RI | $100,000 |
| 2024-04 | Bank of America, National Association | NEN*****nc. | WARWICK, RI | $579,200 |
| 2024-03 | TD Bank, National Association | ABN*****LLC | PROVIDENCE, RI | $90,000 |
| 2024-03 | BankNewport | Woo*****ion | TIVERTON, RI | $60,000 |
| 2024-02 | Santander Bank, National Association | K&B*****LLC | EAST GREENWICH, RI | $35,000 |
| 2023-12 | BayCoast Bank | The*****LLC | CRANSTON, RI | $60,000 |
| 2023-12 | Bristol County Savings Bank | Cat*****nc. | CUMBERLAND, RI | $500,000 |
| 2023-10 | Cadence Bank | UNI*****LLC | CENTRAL FALLS, RI | $500,000 |
| 2023-09 | Bristol County Savings Bank | Eag*****Inc | CRANSTON, RI | $168,800 |
| 2023-09 | Cadence Bank | UNI*****LLC | CENTRAL FALLS, RI | $350,000 |
| 2023-09 | The Huntington National Bank | SIX*****LLC | North Providence, RI | $50,000 |
| 2023-09 | The Huntington National Bank | SIX*****LLC | North Providence, RI | $377,500 |
| 2023-07 | Eastern Bank | WRS*****INC | Riverside, RI | $100,000 |
| 2023-07 | Eastern Bank | WRS*****INC | Riverside, RI | $55,600 |
| 2023-07 | BayCoast Bank | New*****LLC | NORTH SCITUATE, RI | $175,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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