SBA Loans for Boat Dealers in Rhode Island: Top Lenders
NAICS 441NAICS 441 covers boat dealers businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
5
in Rhode Island
Median Loan Size
$150,000
per approval
Recent Activity
0
last 90 days through Feb 2025
NAICS 441 covers boat dealers businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $150,000.
Key trends & insights
- Boat Dealers in Rhode Island lending is concentrated — Bristol County Savings Bank, Newtek Small Business Finance, INC., Webster Bank, National Association together account for 80% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Bristol County Savings Bank leads this industry with 2 approvals (40% market share) and a median loan of $500,000.
- Boat Dealers in Rhode Island loans skew smaller than the SBA average at $150,000 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 2025-02-21 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Boat Dealers in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $500,000 | |
| 2 | 1 | $432,000 | |
| 3 | 1 | $75,000 | |
| 4 | 1 | $30,000 |
Recent SBA 7(a) approvals for Boat Dealers in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-02 | BankNewport | Bri*****LLC | BRISTOL, RI | $30,000 |
| 2022-05 | Newtek Small Business Finance, Inc. | SIG*****INC | WEST WARWICK, RI | $432,000 |
| 2022-02 | Webster Bank National Association | VEN*****ONS | PROVIDENCE, RI | $75,000 |
| 2021-04 | Jewett City Savings Bank | Wyo*****nc. | Wyoming, RI | $661,500 |
| 2020-08 | Bristol County Savings Bank | 87 ****LLC | Coventry, RI | $850,000 |
| 2019-12 | Bristol County Savings Bank | Cat*****nc. | CRANSTON, RI | $150,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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