SBA Loans for Hotels (except Casino Hotels) and Motels in Rhode Island: Top Lenders
NAICS 721NAICS 721 covers hotels (except casino hotels) and motels businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
3
in Rhode Island
Median Loan Size
$4,553,100
per approval
Recent Activity
0
last 90 days through Aug 2024
NAICS 721 covers hotels (except casino hotels) and motels businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $4,553,100.
Key trends & insights
- Hotels (except Casino Hotels) and Motels in Rhode Island lending is concentrated — Readycap Lending, LLC, Shoreham Bank, Celtic Bank, CORP. together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Readycap Lending, LLC leads this industry with 1 approvals (33% market share) and a median loan of $4,500,000.
- Hotels (except Casino Hotels) and Motels in Rhode Island loans run larger than the SBA average — a $4,553,100 median vs. ~$450,000 across all industries. These businesses typically need more capital.
- SBA data for this industry goes through 2024-08-12 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Hotels (except Casino Hotels) and Motels in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $4,500,000 | |
| 2 | 1 | $5,000,000 | |
| 3 | 1 | $4,553,100 |
Recent SBA 7(a) approvals for Hotels (except Casino Hotels) and Motels in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-08 | Readycap Lending, LLC | Han*****nc. | Middletown, RI | $4,500,000 |
| 2021-08 | Shoreham Bank | War*****LLC | West Warwick, RI | $5,000,000 |
| 2021-02 | Celtic Bank Corporation | Ham*****tes | Warwick, RI | $4,553,100 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
Save your lender shortlist & build your packet
Answer 2 more questions to refine your ranking and export a lender-ready packet.
Save & export my packet