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SBA lenders in Woonsocket, RI

SBA 7(a) and 504 loans to businesses in Woonsocket (Providence County), October 2021 to June 30, 2026 · Updated October 15, 2026
26
SBA loans approved
$8.5M
Total approved
$162,500
Median loan
16
Lenders active
31%
To startups

26 SBA loans worth $8.5M went to businesses in Woonsocket, RI between October 2021 and June 2026, from 16 lenders. TD Bank made the most, 5 loans. The median loan was $162,500, compared with $150,000 across Rhode Island, and retail was the most financed industry.

Most active SBA lenders in Woonsocket

#LenderLoansApprovedMedian loanTo startups
1TD Bank
Bank · Wilmington, DE
5$275K$25,00080%
2Beacon Bank and Trust
Bank · Boston, MA
3$1.9M$580,00033%
3Dean Co-operative Bank
Bank · Franklin, MA
3$540K$175,00067%
4New England Certified Development
Certified development company · Wakefield, MA
2$1.4M$686,0000%
5Rockland Trust
Bank · Rockland, MA
2$915K$457,5000%
6Fund-Ex Solutions Group
Non-bank lender · Davie, FL
1$950K$950,0000%
7IncredibleBank
Bank · Wausau, WI
1$938K$938,0000%
8Ocean State Business Development Authority
Certified development company · Warwick, RI
1$426K$426,0000%
9Bay Colony Development
Certified development company · Waltham, MA
1$310K$310,0000%
10Navigant CU
Credit union · Smithfield, RI
1$255K$255,0000%
11Eastern Bank
Bank · Boston, MA
1$250K$250,0000%
12BayFirst National Bank
Bank · St. Petersburg, FL
1$150K$150,0000%
13Newtek Bank
Bank · Miami, FL
1$125K$125,0000%
14Bristol County Savings Bank
Bank · Taunton, MA
1$80K$80,0000%
15BankNewport
Bank · Middletown, RI
1$50K$50,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Woonsocket. For 504 loans the lender shown is the certified development company.

What gets financed in Woonsocket

IndustryLoansShareMedian loanMost active lender
Retail7
27%
$294,000Rockland Trust
Real estate and rental4
15%
$170,000TD Bank
Construction4
15%
$165,000Eastern Bank
Restaurants and hotels3
12%
$938,000Navigant CU
Administrative and support services2
8%
$89,000BayFirst National Bank
Arts, entertainment and recreation2
8%
$87,500TD Bank
Other services (repair, personal care)2
8%
$87,500Newtek Bank
Health care and social assistance1
4%
$1,230,000Beacon Bank and Trust
Loan size mix
  • Under $150,00042%
  • $150,000 to $500,00035%
  • $500,000 to $2 million23%
  • $2 million and up0%
Compared with Rhode Island
Median loan, Woonsocket
$162,500
Median loan, Rhode Island
$150,000
Startup share, Woonsocket
31%
Startup share, Rhode Island
26%
Share of state's SBA loans
2.0%

SBA loans per fiscal year in Woonsocket

071320FY14: 7 loansFY14FY15: 10 loansFY15FY16: 9 loansFY16FY17: 7 loansFY17FY18: 4 loansFY18FY19: 3 loansFY19FY20: 6 loansFY20FY21: 6 loansFY21FY22: 3 loansFY22FY23: 5 loansFY23FY24: 6 loansFY24FY25: 12 loansFY2512
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.