SBA Loans for Homes for the Elderly in Rhode Island: Top Lenders
NAICS 623NAICS 623 covers homes for the elderly businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
2
in Rhode Island
Median Loan Size
$691,500
per approval
Recent Activity
0
last 90 days through Nov 2022
NAICS 623 covers homes for the elderly businesses. This is a smaller category in SBA 7(a) lending with 2 approvals on record and a median loan size of $691,500.
Key trends & insights
- Homes for the Elderly in Rhode Island loans run larger than the SBA average — a $691,500 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2022-11-17 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Homes for the Elderly in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $691,500 |
Recent SBA 7(a) approvals for Homes for the Elderly in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2022-11 | Dogwood State Bank | Aha*****LLC | RIVERSIDE, RI | $1,333,000 |
| 2022-11 | Dogwood State Bank | Aha*****.C. | Riverside, RI | $50,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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