38 SBA loans worth $12.6M went to businesses in Coventry, RI between October 2021 and June 2026, from 18 lenders. Beacon Bank and Trust made the most, 6 loans. The median loan was $112,500, compared with $150,000 across Rhode Island, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Beacon Bank and Trust Bank · Boston, MA | 6 | $1.2M | $125,000 | 17% |
| 2 | TD Bank Bank · Wilmington, DE | 5 | $428K | $126,000 | 100% |
| 3 | BankNewport Bank · Middletown, RI | 5 | $250K | $40,000 | 0% |
| 4 | Ocean State Business Development Authority Certified development company · Warwick, RI | 3 | $1.1M | $332,000 | 0% |
| 5 | Live Oak Banking Bank · Wilmington, NC | 2 | $5.0M | $2,500,000 | 50% |
| 6 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 2 | $541K | $270,700 | 0% |
| 7 | Eastern Bank Bank · Boston, MA | 2 | $218K | $108,850 | 0% |
| 8 | Washington Trust Company of Westerly Bank · Westerly, RI | 2 | $75K | $37,500 | 0% |
| 9 | Northeast Bank Bank · Portland, ME | 2 | $60K | $29,850 | 0% |
| 10 | Bay Colony Development Certified development company · Waltham, MA | 1 | $1.9M | $1,941,000 | 0% |
| 11 | South Eastern Economic Development Certified development company · Taunton, MA | 1 | $580K | $580,000 | 0% |
| 12 | Bristol County Savings Bank Bank · Taunton, MA | 1 | $300K | $300,000 | 0% |
| 13 | Webster Bank Bank · Stamford, CT | 1 | $275K | $275,000 | 0% |
| 14 | New England Certified Development Certified development company · Wakefield, MA | 1 | $241K | $241,000 | 100% |
| 15 | Community Investment Certified development company · Hamden, CT | 1 | $156K | $156,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 10 | $67,500 | BankNewport | |
| Health care and social assistance | 6 | $126,000 | TD Bank | |
| Other services (repair, personal care) | 4 | $103,000 | Northeast Bank | |
| Retail | 3 | $275,000 | Webster Bank | |
| Administrative and support services | 3 | $330,000 | Beacon Bank and Trust | |
| Restaurants and hotels | 3 | $671,000 | Ocean State Business Development Authority | |
| Professional and technical services | 3 | $35,000 | Beacon Bank and Trust | |
| Agriculture, forestry and fishing | 2 | $25,000 | TD Bank |