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County5th of 5 in Rhode Island by approvalsFIPS 44001
SBA loans in Bristol County, Rhode Island
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Bristol County, Rhode Island, received 66 SBA loan approvals worth $23.5M in FY2021 to FY2025 (53 7(a), 13 504).
That is 49.6 approvals per 1,000 business establishments (1,331 establishments in 2023), close to the Rhode Island figure of 47.5 and above the national 41.0.
It ranks 5th of 5 Rhode Island counties with approvals. In FY2025 there were 20, up 100% on FY2024.
23 lenders had approvals here; the most active were BankNewport (17), Ocean State Business Development Authority (9) and Beacon Bank and Trust (6). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Bristol County
By number of approvals to businesses in the county, FY2021–FY2025; 23 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | BankNewportMiddletown, RI | 17 | $997K | 25.8% | |
| 2 | Ocean State Business Development AuthorityWarwick, RI · CDC | 9 | $3.4M | 13.6% | |
| 3 | Beacon Bank and TrustBrookline, MA | 6 | $2.8M | 9.1% | |
| 4 | TD Bank, National AssociationWilmington, DE | 4 | $1.7M | 6.1% | |
| 5 | Webster Bank National AssociationWaterbury, CT | 4 | $1.2M | 6.1% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 3 | $2.5M | 4.5% | |
| 7 | Community Investment CorporationHamden, CT | 3 | $393K | 4.5% | |
| 8 | Columbia BankLake Oswego, OR | 2 | — | 3.0% | |
| 9 | South Eastern Economic Development CorporationTaunton, MA · CDC | 2 | — | 3.0% | |
| 10 | New England Certified Development CorporationWakefield, MA · CDC | 2 | — | 3.0% | |
| 11 | Baycoast BankSwansea, MA | 2 | — | 3.0% | |
| 12 | Avidia BankHudson, MA | 1 | — | 1.5% | |
| 13 | Coastal1 Credit UnionPawtucket, RI | 1 | — | 1.5% | |
| 14 | Eastern BankBoston, MA | 1 | — | 1.5% | |
| 15 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 1.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 12.1% | |
| 2 | Beverage ManufacturingNAICS 3121 | 4 | 6.1% | |
| 3 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 6.1% | |
| 4 | Ship and Boat BuildingNAICS 3366 | 3 | 4.5% | |
| 5 | Child Day Care ServicesNAICS 6244 | 3 | 4.5% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 3 | 4.5% | |
| 7 | Computer Systems Design and Related ServicesNAICS 5415 | 2 | 3.0% | |
| 8 | Jewelry, Luggage, and Leather Goods StoresNAICS 4483 | 2 | 3.0% | |
| 9 | Residential Building ConstructionNAICS 2361 | 2 | 3.0% | |
| 10 | Offices of Other Health PractitionersNAICS 6213 | 2 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 17 | 25.8% | |
| 2 | Accommodation and Food Services | 9 | 13.6% | |
| 3 | Retail Trade | 8 | 12.1% | |
| 4 | Health Care and Social Assistance | 5 | 7.6% | |
| 5 | Wholesale Trade | 5 | 7.6% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 4 | 6.1% | |
| 7 | Arts, Entertainment, and Recreation | 4 | 6.1% | |
| 8 | Construction | 4 | 6.1% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 14 | $7.8M | $98K | 2 | — | 16 | 190 |
| FY2025 | 18 | $4.0M | $60K | 2 | — | 20 | 116 |
| FY2024 | 9 | $1.1M | $70K | 1 | — | 10 | 84 |
| FY2023 | 7 | $1.6M | $100K | 3 | $1.4M | 10 | 78 |
| FY2022 | 9 | $1.4M | $150K | 2 | — | 11 | 82 |
| FY2021 | 10 | $9.2M | $563K | 5 | $2.9M | 15 | 172 |
| FY2020 | 7 | $451K | $45K | 6 | $7.0M | 13 | 94 |
| FY2019 | 16 | $2.5M | $63K | 1 | — | 17 | 104 |
| FY2018 | 21 | $1.3M | $50K | 3 | $316K | 24 | 80 |
| FY2017 | 23 | $2.8M | $75K | 5 | $1.2M | 28 | 144 |
| FY2016 | 25 | $4.4M | $100K | 2 | — | 27 | 211 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 109 approvals.
Against Rhode Island and the country
| FY2021–FY2025 | Bristol County | Rhode Island | United States |
|---|---|---|---|
| Approvals | 66 | 1,402 | 342,825 |
| Approvals per 1,000 establishments | 49.6 | 47.5 | 41.0 |
| Median 7(a) approval | $100K | $150K | $190K |
| Median 504 approval | $344K | $366K | $657K |
| Average approval | $356K | $406K | $573K |
| 504 share of approvals | 19.7% | 20.0% | 11.0% |
| Jobs supported per approval, as reported | 8.1 | 8.2 | 10.5 |
| Share of state approvals | 4.7% | 100.0% | — |
Approval sizes
- $50,000 or less25.8%17
- $50,001 to $150,00025.8%17
- $150,001 to $350,00021.2%14
- $350,001 to $1 million21.2%14
- $1 million to $2 million4.5%3
- Over $2 million1.5%1
Age of the businesses
- Existing, more than 2 years old72.7%48
- New business, 2 years or less10.6%7
- Startup, loan funds will open the business12.1%8
- Change of ownership4.5%3
Questions and answers
Which lenders make the most SBA loans in Bristol County?
By approvals in FY2021 to FY2025: BankNewport (17), Ocean State Business Development Authority (9), Beacon Bank and Trust (6), TD Bank, National Association (4), Webster Bank National Association (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Bristol County?
The median 7(a) approval was $100K and the median 504 approval $344K; the Rhode Island 7(a) median was $150K.
Which industries get the most SBA loans in Bristol County?
Restaurants and Other Eating Places (8); Beverage Manufacturing (4); Other Amusement and Recreation Industries (4); Ship and Boat Building (3); Child Day Care Services (3).
Is SBA lending in Bristol County rising?
Approvals in the three latest complete fiscal years total 40, against 39 in the three before: broadly level (+3%).
How does Bristol County compare with the rest of Rhode Island?
49.6 approvals per 1,000 establishments against 47.5 statewide, and 66 of the state's 1,402 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error