SBA Loans for Employee Leasing Services in Rhode Island: Top Lenders
NAICS 561NAICS 561 covers employee leasing services businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
8
in Rhode Island
Median Loan Size
$120,000
per approval
Recent Activity
0
last 90 days through Jan 2025
NAICS 561 covers employee leasing services businesses. This is a smaller category in SBA 7(a) lending with 8 approvals on record and a median loan size of $120,000.
Key trends & insights
- Employee Leasing Services in Rhode Island lending is concentrated — Bayfirst National Bank, Bristol County Savings Bank, Brookline Bank, A Division OF Beacon Bank AND Trust together account for 50% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Bayfirst National Bank leads this industry with 2 approvals (25% market share) and a median loan of $145,000.
- Employee Leasing Services in Rhode Island loans skew smaller than the SBA average at $120,000 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 2025-01-13 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Employee Leasing Services in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $145,000 | |
| 2 | 1 | $50,000 | |
| 3 | 1 | $50,000 | |
| 4 | 1 | $605,000 | |
| 5 | 1 | $450,000 | |
| 6 | 1 | $25,000 | |
| 7 | 1 | $100,000 |
Recent SBA 7(a) approvals for Employee Leasing Services in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-01 | Bristol County Savings Bank | Com*****LLC | BARRINGTON, RI | $50,000 |
| 2024-11 | BayFirst National Bank | EAS*****LLC | WOONSOCKET, RI | $150,000 |
| 2024-10 | Live Oak Banking Company | TCP*****LLC | JOHNSTON, RI | $605,000 |
| 2024-05 | BankNewport | Her*****LLC | NEWPORT, RI | $25,000 |
| 2023-11 | TD Bank, National Association | Sma*****LLC | JOHNSTON, RI | $10,000 |
| 2023-04 | Bank of America, National Association | Th***ire | PROVIDENCE, RI | $450,000 |
| 2023-02 | Brookline Bank, a Division of Beacon Bank and Trust | Gut*****LLC | WARWICK, RI | $50,000 |
| 2021-08 | Greenwood CU | Wil*****LC. | WARWICK, RI | $100,000 |
| 2020-02 | BayFirst National Bank | Saf*****Inc | CRANSTON, RI | $140,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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