SBA Loans for Child Day Care Services in Rhode Island: Top Lenders
NAICS 624NAICS 624 covers child day care services businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
5
in Rhode Island
Median Loan Size
$250,000
per approval
Recent Activity
0
last 90 days through Mar 2025
NAICS 624 covers child day care services businesses. This is a smaller category in SBA 7(a) lending with 5 approvals on record and a median loan size of $250,000.
Key trends & insights
- Child Day Care Services in Rhode Island lending is concentrated — THE Huntington National Bank, Bristol County Savings Bank, Newtek Small Business Finance, INC. together account for 80% of all approvals. If you're in this industry, these are your highest-probability lenders.
- THE Huntington National Bank leads this industry with 2 approvals (40% market share) and a median loan of $149,500.
- 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 Child Day Care Services in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $149,500 | |
| 2 | 1 | $250,000 | |
| 3 | 1 | $1,079,000 | |
| 4 | 1 | $225,000 |
Recent SBA 7(a) approvals for Child Day Care Services in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-07 | Northeast Bank | HAP*****LLC | Providence, RI | $45,000 |
| 2025-03 | Bristol County Savings Bank | Str*****LLC | WARWICK, RI | $250,000 |
| 2025-02 | The Huntington National Bank | F a*****rp. | JOHNSTON, RI | $30,000 |
| 2025-02 | The Huntington National Bank | F a*****rp. | JOHNSTON, RI | $269,000 |
| 2024-05 | Navigant CU | FUN*****LLC | RIVERSIDE, RI | $100,000 |
| 2024-03 | TD Bank, National Association | Lit*****LLC | WARWICK, RI | $1,412,000 |
| 2023-10 | Readycap Lending, LLC | MIe*****Inc | East Providence, RI | $35,000 |
| 2023-05 | TD Bank, National Association | MIe*****Inc | BARRINGTON, RI | $15,000 |
| 2023-01 | Brookline Bank, a Division of Beacon Bank and Trust | JMT*****LLC | JOHNSTON, RI | $100,000 |
| 2022-09 | Webster Bank National Association | 156*****LLC | PROVIDENCE, RI | $900,000 |
| 2022-09 | Mechanics Cooperative Bank | Lit*****LLC | CRANSTON, RI | $150,000 |
| 2022-02 | Webster Bank National Association | NEW*****EMY | JOHNSTON, RI | $270,000 |
| 2022-01 | Citizens Bank, National Association | Lit*****nc. | HOPE VALLEY, RI | $225,000 |
| 2021-08 | Brookline Bank, a Division of Beacon Bank and Trust | Mon*****nc. | BARRINGTON, RI | $958,000 |
| 2021-06 | Newtek Small Business Finance, Inc. | Lit*****Inc | WARWICK, RI | $1,079,000 |
| 2020-02 | Webster Bank National Association | Lit*****nc. | Cranston, RI | $85,000 |
| 2019-11 | Navigant CU | Anc*****LLC | NORTH SMITHFIELD, RI | $15,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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