SBA Loans for Full-Service Restaurants in Rhode Island: Top Lenders
NAICS 722NAICS 722 covers full-service restaurants businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
29
in Rhode Island
Median Loan Size
$175,000
per approval
Recent Activity
1
last 90 days through Aug 2025
NAICS 722 covers full-service restaurants businesses. This is a smaller category in SBA 7(a) lending with 29 approvals on record and a median loan size of $175,000.
Key trends & insights
- Webster Bank, National Association leads this industry with 7 approvals (24% market share) and a median loan of $250,000.
- Full-Service Restaurants in Rhode Island loans skew smaller than the SBA average at $175,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Full-Service Restaurants in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 7 | $250,000 | |
| 2 | 4 | $54,250 | |
| 3 | 3 | $464,000 | |
| 4 | 3 | $100,000 | |
| 5 | 2 | $162,500 | |
| 6 | 1 | $25,000 | |
| 7 | 1 | $500,000 | |
| 8 | 1 | $30,000 | |
| 9 | 1 | $1,000,000 | |
| 10 | 1 | $291,500 | |
| 11 | 1 | $23,400 | |
| 12 | 1 | $75,000 | |
| 13 | 1 | $1,280,000 | |
| 14 | 1 | $489,000 | |
| 15 | 1 | $725,000 |
Recent SBA 7(a) approvals for Full-Service Restaurants in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | BankNewport | AGZ*****nc. | JOHNSTON, RI | $100,000 |
| 2025-12 | BayCoast Bank | Soc*****nc. | EAST PROVIDENCE, RI | $253,400 |
| 2025-12 | South Eastern Economic Development Corporation | P2 *****LLC | Newport, RI | $102,500 |
| 2025-12 | Brookline Bank, a Division of Beacon Bank and Trust | RUN*****LLC | WARWICK, RI | $127,500 |
| 2025-08 | BankNewport | 888*****LLC | PORTSMOUTH, RI | $100,000 |
| 2025-08 | Bank of America, National Association | GMP*****LLC | NARRAGANSETT, RI | $291,500 |
| 2025-07 | Celtic Bank Corporation | Duc****ess | WAKEFIELD, RI | $150,000 |
| 2025-07 | Webster Bank National Association | THE*****LLC | CRANSTON, RI | $100,000 |
| 2025-07 | Community Investment Corporation | Son*****ion | Cumberland, RI | $95,000 |
| 2025-05 | Navigant CU | WAR*****LLC | WARWICK, RI | $400,000 |
| 2025-05 | TD Bank, National Association | Pho*****LLC | CRANSTON, RI | $15,000 |
| 2025-04 | Citizens Bank, National Association | Ark*****LLC | HARRISVILLE, RI | $935,000 |
| 2025-04 | Readycap Lending, LLC | Pin*****urt | CRANSTON, RI | $439,000 |
| 2025-04 | Northeast Bank | A T*****Inc | Narragansett, RI | $23,400 |
| 2025-03 | Citizens Bank, National Association | Ace****LLC | PROVIDENCE, RI | $464,000 |
| 2025-03 | BankNewport | PAL*****INC | NORTH KINGSTOWN, RI | $75,000 |
| 2025-03 | BankNewport | Par****LLC | NEWPORT, RI | $100,000 |
| 2025-03 | BankNewport | SPI*****LLC | WARREN, RI | $100,000 |
| 2025-02 | BankNewport | Par****LLC | NEWPORT, RI | $100,000 |
| 2025-02 | Brookline Bank, a Division of Beacon Bank and Trust | TMG*****LLC | EAST GREENWICH, RI | $489,000 |
| 2025-02 | Citizens Bank | Atw*****LLC | JOHNSTON, RI | $500,000 |
| 2025-02 | KeyBank National Association | PB *****LLC | WAKEFIELD, RI | $448,900 |
| 2025-02 | TD Bank, National Association | Mur*****LLC | JOHNSTON, RI | $25,000 |
| 2025-02 | BankNewport | NEW*****LLC | NEWPORT, RI | $100,000 |
| 2025-01 | TD Bank, National Association | J P*****LLC | CRANSTON, RI | $24,000 |
| 2025-01 | Citizens Bank, National Association | Gon*****LLC | PROVIDENCE, RI | $1,000,000 |
| 2025-01 | TD Bank, National Association | J P*****LLC | CRANSTON, RI | $25,000 |
| 2025-01 | Webster Bank National Association | BOT*****INC | PORTSMOUTH, RI | $100,000 |
| 2025-01 | Navigant CU | NOR*****LLC | NORTH KINGSTOWN, RI | $400,000 |
| 2025-01 | Harvest Small Business Finance, LLC | Mi *****pas | PROVIDENCE, RI | $450,000 |
| 2024-12 | South Eastern Economic Development Corporation | Pat*****LLC | Pawtucket, RI | $50,000 |
| 2024-12 | BankNewport | Cho*****LLC | NEWPORT, RI | $150,000 |
| 2024-12 | BankNewport | TBH*****LLC | NEWPORT, RI | $150,000 |
| 2024-11 | Santander Bank, National Association | MAR*****INC | PROVIDENCE, RI | $100,000 |
| 2024-11 | Newtek Bank, National Association | Con*****ane | WEST WARWICK, RI | $400,000 |
| 2024-11 | Leader Bank, National Association | Ben****LLC | WARWICK, RI | $393,000 |
| 2024-11 | Santander Bank, National Association | DRA*****INC | WARWICK, RI | $30,000 |
| 2024-10 | Northeast Bank | DIE*****LLC | NEWPORT, RI | $500,000 |
| 2024-09 | Brookline Bank, a Division of Beacon Bank and Trust | On *****LLC | PROVIDENCE, RI | $275,000 |
| 2024-08 | Santander Bank, National Association | Leg*****Inc | CRANSTON, RI | $50,000 |
| 2024-08 | Shoreham Bank | Coo*****LLC | ALBION, RI | $725,000 |
| 2024-07 | Readycap Lending, LLC | Lov*****LLC | Providence, RI | $50,000 |
| 2024-07 | Brookline Bank, a Division of Beacon Bank and Trust | Dun*****LLC | PROVIDENCE, RI | $50,000 |
| 2024-07 | Navigant CU | WOO*****LLC | NARRAGANSETT, RI | $425,000 |
| 2024-07 | Brookline Bank, a Division of Beacon Bank and Trust | Dun*****LLC | PROVIDENCE, RI | $50,000 |
| 2024-06 | BankNewport | Tre*****Inc | PORTSMOUTH, RI | $100,000 |
| 2024-06 | BankNewport | Alc*****Inc | KINGSTON, RI | $74,400 |
| 2024-05 | Navigant CU | Lat*****LLC | JOHNSTON, RI | $168,000 |
| 2024-05 | Newtek Bank, National Association | Cal*****orp | Warwick, RI | $510,000 |
| 2024-04 | BankNewport | Ric*****LLC | BRISTOL, RI | $200,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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