SBA business acquisition loans in Rhode Island
53 SBA 7(a) change-of-ownership loans totaling $56.6M in FY2024 to FY2026, median $523K, from 23 lenders.
League table
National rankings Top lenders
Top 25 by number of loans, FY2024 to FY2026
| Rank | Lender | Loans | Dollars | Median | FY24–26 trend |
|---|---|---|---|---|---|
| 1 | Live Oak Banking CompanyWilmington, NC | 8 | $14.0M | $1.4M | +100% |
| 2 | Beacon Bank and TrustBoston, MA | 6 | $9.3M | $1.0M | +100% |
| 3 | Rockland Trust CompanyRockland, MA | 5 | $1.8M | $180K | −100% |
| 4 | Bristol County Savings BankTaunton, MA | 4 | $3.5M | $425K | new |
| 4 | Huntington National BankColumbus, OH | 4 | $2.8M | $312K | new |
| 6 | Santander BankWilmington, DE | 3 | $4.3M | $1.3M | new |
| 6 | Citizens Bank (Providence, RI)Providence, RI | 3 | $939K | $295K | new |
| 8 | ReadyCap LendingBerkeley Heights, NJ | 2 | $7.2M | $3.6M | +0% |
| 8 | Climate First BankSaint Petersburg, FL | 2 | $1.1M | $551K | new |
| 8 | American Momentum BankCollege Station, TX | 2 | $1.1M | $535K | new |
| 8 | Washington Trust Company of WesterlyWesterly, RI | 2 | $1.0M | $514K | new |
| 12 | Bankwell BankNew Canaan, CT | 1 | $2.5M | $2.5M | new |
| 12 | VelocitySBA, LLCIrving, TX | 1 | $2.4M | $2.4M | new |
| 12 | IncredibleBankWausau, WI | 1 | $938K | $938K | −100% |
| 12 | Oconee State BankWatkinsville, GA | 1 | $910K | $910K | new |
| 12 | Harvest Small Business Finance, LLCLaguna Hills, CA | 1 | $812K | $812K | new |
| 12 | First Bank of the LakeOsage Beach, MO | 1 | $523K | $523K | new |
| 12 | Leader BankArlington, MA | 1 | $393K | $393K | new |
| 12 | United Midwest Savings BankDegraff, OH | 1 | $343K | $343K | new |
| 12 | Navigant CUSmithfield, RI | 1 | $246K | $246K | new |
| 12 | South Eastern Economic Development CorporationTaunton, MA | 1 | $225K | $225K | −100% |
| 12 | Eastern BankBoston, MA | 1 | $200K | $200K | −100% |
| 12 | Taunton FCUTaunton, MA | 1 | $96K | $96K | new |
Ranked by number of loans; ties broken by dollars. Bars are scaled to the leader. Trend: loans per fiscal year, FY2024 to FY2026, with the change from FY2024 to FY2026.
Loan size
Deal size mix
- Under $350K18 loans · 34% · $3.5M
- $350K to $1M19 loans · 36% · $11.8M
- $1M to $2M5 loans · 9% · $7.1M
- $2M to $5M11 loans · 21% · $34.2M
Volume
By fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2024 | 7 | $13.2M |
| FY2025 | 27 | $24.3M |
| FY2026 | 19 | $19.1M |
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