SBA Loans for Securities Brokerage in Rhode Island: Top Lenders
NAICS 523NAICS 523 covers securities brokerage businesses in Rhode Island. Based on historical SBA 7(a) lending data.
Total Approvals
4
in Rhode Island
Median Loan Size
$202,500
per approval
Recent Activity
0
last 90 days through Jul 2024
NAICS 523 covers securities brokerage businesses. This is a smaller category in SBA 7(a) lending with 4 approvals on record and a median loan size of $202,500.
Key trends & insights
- Securities Brokerage in Rhode Island lending is concentrated — Live OAK Banking Company, Webster Bank, National Association, Coastal1 Credit Union together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Live OAK Banking Company leads this industry with 2 approvals (50% market share) and a median loan of $727,500.
- Securities Brokerage in Rhode Island loans skew smaller than the SBA average at $202,500 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
- SBA data for this industry goes through 2024-07-19 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Securities Brokerage in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $727,500 | |
| 2 | 1 | $250,000 | |
| 3 | 1 | $125,000 |
Recent SBA 7(a) approvals for Securities Brokerage in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-07 | Live Oak Banking Company | Dan*****amm | CRANSTON, RI | $155,000 |
| 2024-07 | Coastal1 Credit Union | Pro*****LLC | CUMBERLAND, RI | $125,000 |
| 2021-07 | Webster Bank National Association | FIN*****LLC | CRANSTON, RI | $250,000 |
| 2021-06 | Live Oak Banking Company | Dan*****amm | CRANSTON, RI | $1,300,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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