SBA Loans for Remediation Services in Rhode Island: Top Lenders
NAICS 562NAICS 562 covers remediation services businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
3
in Rhode Island
Median Loan Size
$53,000
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 562 covers remediation services businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $53,000.
Key trends & insights
- Remediation Services in Rhode Island lending is concentrated — Citizens Bank, National Association, Northeast Bank, Baycoast Bank together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Citizens Bank, National Association leads this industry with 1 approvals (33% market share) and a median loan of $436,500.
- Remediation Services in Rhode Island loans skew smaller than the SBA average at $53,000 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 2025-03-25 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Remediation Services in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $436,500 | |
| 2 | 1 | $50,000 | |
| 3 | 1 | $53,000 |
Recent SBA 7(a) approvals for Remediation Services in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | BayCoast Bank | OG *****LLC | TIVERTON, RI | $53,000 |
| 2024-11 | Eastern Bank | Was*****LLC | CRANSTON, RI | $332,000 |
| 2024-10 | Eastern Bank | Was*****LLC | CRANSTON, RI | $465,000 |
| 2024-07 | Northeast Bank | CAP*****NC. | WESTERLY, RI | $50,000 |
| 2023-03 | Brookline Bank, a Division of Beacon Bank and Trust | Ray*****nc. | COVENTRY, RI | $150,000 |
| 2023-01 | Brookline Bank, a Division of Beacon Bank and Trust | Cru*****LLC | FOSTER, RI | $25,000 |
| 2022-11 | Citizens Bank, National Association | B.M*****nc. | EAST GREENWICH, RI | $436,500 |
| 2021-03 | Dean Co-operative Bank | D H*****INC | North Smithfield, RI | $405,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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