SBA Loans for Machine Shops in Rhode Island: Top Lenders
NAICS 332NAICS 332 covers machine shops businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
6
in Rhode Island
Median Loan Size
$400,000
per approval
Recent Activity
0
last 90 days through Aug 2024
NAICS 332 covers machine shops businesses. This is a smaller category in SBA 7(a) lending with 6 approvals on record and a median loan size of $400,000.
Key trends & insights
- Machine Shops in Rhode Island lending is concentrated — TD Bank, National Association, Eastern Bank, First Bank OF THE Lake together account for 83% of all approvals. If you're in this industry, these are your highest-probability lenders.
- TD Bank, National Association leads this industry with 2 approvals (33% market share) and a median loan of $29,900.
- SBA data for this industry goes through 2024-08-19 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Machine Shops in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $29,900 | |
| 2 | 2 | $1,667,500 | |
| 3 | 1 | $1,634,000 | |
| 4 | 1 | $600,000 |
Recent SBA 7(a) approvals for Machine Shops in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-08 | JPMorgan Chase Bank, National Association | Anc*****nc. | PAWTUCKET, RI | $600,000 |
| 2023-08 | Eastern Bank | FIN*****NC. | Providence, RI | $200,000 |
| 2022-11 | First Bank of the Lake | MTR*****Inc | NORTH SMITHFIELD, RI | $1,634,000 |
| 2021-11 | TD Bank, National Association | Fre*****LLC | HOPE, RI | $34,800 |
| 2021-11 | TD Bank, National Association | Fre*****LLC | HOPE, RI | $25,000 |
| 2021-02 | Eastern Bank | Nel*****Inc | Warwick, RI | $3,135,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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