SBA Loans for Electrical Contractors in Rhode Island: Top Lenders
NAICS 238NAICS 238 covers electrical contractors businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
26
in Rhode Island
Median Loan Size
$137,500
per approval
Recent Activity
0
last 90 days through Feb 2025
NAICS 238 covers electrical contractors businesses. This is a smaller category in SBA 7(a) lending with 26 approvals on record and a median loan size of $137,500.
Key trends & insights
- Eastern Bank leads this industry with 4 approvals (15% market share) and a median loan of $137,500.
- Electrical Contractors in Rhode Island loans skew smaller than the SBA average at $137,500 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 Electrical Contractors in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 4 | $137,500 | |
| 2 | 3 | $32,000 | |
| 3 | 2 | $42,500 | |
| 4 | 2 | $225,000 | |
| 5 | 2 | $293,500 | |
| 6 | 2 | $65,000 | |
| 7 | 2 | $1,180,500 | |
| 8 | 2 | $277,450 | |
| 9 | 2 | $150,000 | |
| 10 | 1 | $200,000 | |
| 11 | 1 | $245,000 | |
| 12 | 1 | $25,000 | |
| 13 | 1 | $651,600 | |
| 14 | 1 | $1,200,000 |
Recent SBA 7(a) approvals for Electrical Contractors in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-02 | First Internet Bank of Indiana | Com*****LLC | WESTERLY, RI | $200,000 |
| 2025-02 | BankNewport | Gia*****Inc | WARWICK, RI | $70,000 |
| 2025-02 | First Internet Bank of Indiana | Com*****LLC | WESTERLY, RI | $2,161,000 |
| 2025-02 | Newtek Bank, National Association | S F*****inc | Burrillville, RI | $1,200,000 |
| 2025-01 | Northeast Bank | C &*****nc. | West Warwick, RI | $87,000 |
| 2024-11 | Community Investment Corporation | Ang*****LLC | Charlestown, RI | $245,000 |
| 2024-10 | BankNewport | Mar*****ing | MIDDLETOWN, RI | $15,000 |
| 2024-10 | Northeast Bank | B &*****LLC | Warwick, RI | $500,000 |
| 2024-08 | Brookline Bank, a Division of Beacon Bank and Trust | IND*****INC | PROVIDENCE, RI | $350,000 |
| 2024-06 | Brookline Bank, a Division of Beacon Bank and Trust | KEN*****INC | COVENTRY, RI | $100,000 |
| 2024-02 | Santander Bank, National Association | K&B*****LLC | EAST GREENWICH, RI | $35,000 |
| 2023-06 | TD Bank, National Association | B&N*****LLC | SMITHFIELD, RI | $32,000 |
| 2023-05 | The Washington Trust Company of Westerly | Cap*****LLC | COVENTRY, RI | $25,000 |
| 2022-08 | TD Bank, National Association | J a*****ing | PAWTUCKET, RI | $25,000 |
| 2022-08 | Eastern Bank | DiC*****nc. | Foster, RI | $170,000 |
| 2022-08 | Eastern Bank | DiC*****Inc | Foster, RI | $150,000 |
| 2022-08 | TD Bank, National Association | Tra*****LLC | PAWTUCKET, RI | $65,000 |
| 2022-07 | Santander Bank, National Association | WRS*****Inc | EAST PROVIDENCE, RI | $95,000 |
| 2022-03 | Citizens Bank, National Association | RI *****nc. | WARWICK, RI | $200,000 |
| 2021-06 | Westerly Community CU | Bos*****gne | CHARLESTOWN, RI | $651,600 |
| 2021-06 | Webster Bank National Association | Oak*****LLC | CRANSTON, RI | $150,000 |
| 2021-02 | Webster Bank National Association | B&**LLC | WARWICK, RI | $404,900 |
| 2020-08 | BayCoast Bank | SPA*****NC. | LITTLE COMPTON, RI | $250,000 |
| 2020-08 | BayCoast Bank | SPA*****NC. | LITTLE COMPTON, RI | $50,000 |
| 2020-08 | Eastern Bank | Pin*****rp. | CRANSTON, RI | $125,000 |
| 2020-02 | Eastern Bank | DEN*****LLC | South Kingstown, RI | $50,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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