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SBA Loans for General Automotive Repair in Rhode Island: Top Lenders

NAICS 811

NAICS 811 covers general automotive repair businesses in Rhode Island. Based on historical SBA 7(a) lending data.

Total Approvals

10

in Rhode Island

Median Loan Size

$97,500

per approval

Recent Activity

0

last 90 days through Mar 2025

NAICS 811 covers general automotive repair businesses. This is a smaller category in SBA 7(a) lending with 10 approvals on record and a median loan size of $97,500.

Key trends & insights

  • General Automotive Repair in Rhode Island lending is concentrated — Webster Bank, National Association, Newtek Bank, National Association, Eastern Bank together account for 60% of all approvals. If you're in this industry, these are your highest-probability lenders.
  • Webster Bank, National Association leads this industry with 2 approvals (20% market share) and a median loan of $70,000.
  • General Automotive Repair in Rhode Island loans skew smaller than the SBA average at $97,500 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 2025-03-22 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.

Most active SBA lenders for General Automotive Repair in Rhode Island

#LenderApprovalsMedian Size
1
Webster Bank, National Association
2$70,000
2
Newtek Bank, National Association
2$97,500
3
Eastern Bank
2$118,850
4
First National Bank OF Pennsylvania
1$750,600
5
TD Bank, National Association
1$40,000
6
Citizens Bank, National Association
1$233,400
7
Northeast Bank
1$150,000

Recent SBA 7(a) approvals for General Automotive Repair in Rhode Island

MonthLenderBorrowerAmount
2025-12BankNewportCoa*****LLC$50,000
2025-11Community Investment Corporation401*****LLC$50,000
2025-09BankNewportTop*****Inc$50,000
2025-07Eastern BankJM *****LLC$100,000
2025-06Live Oak Banking CompanyNAG*****LLC$960,000
2025-05Eastern BankTon*****LLC$45,000
2025-03Northeast Bankern*****orp$150,000
2025-03Eastern BankOce*****LLC$177,700
2025-03BankNewportPan*****LLC$20,000
2025-03BankNewportPan*****LLC$20,000
2025-02Lendistry SBLC, LLCCou*****nc.$300,000
2024-12TD Bank, National AssociationHop*****nc.$100,000
2024-03Eastern BankCB *****Inc$100,000
2024-03BankNewportPop*****LLC$60,000
2024-01Newtek Bank, National AssociationTop*****INC$125,000
2023-06TD Bank, National AssociationRI *****ice$25,000
2023-06HomeTrust BankB&S*****LLC$556,500
2023-03Newtek Bank, National AssociationAda*****tin$70,000
2023-02Webster Bank National AssociationSam*****LLC$133,700
2023-02Webster Bank National AssociationSam*****LLC$449,900
2022-11Eastern BankVal*****ice$60,000
2022-10TD Bank, National AssociationAP *****LLC$70,000
2022-06TD Bank, National AssociationCJ'*****Inc$40,000
2022-05Eastern BankD &*****NC.$35,000
2022-03Webster Bank National AssociationBay*****nc.$70,000
2022-01Citizens Bank, National AssociationErc*****nc.$233,400
2021-09Navigant CURho*****Inc$374,000
2021-08First National Bank of PennsylvaniaCar*****LLC$750,600
2021-07Webster Bank National AssociationEMM*****HOP$296,900
2021-04Webster Bank National AssociationSam*****LLC$525,000
2021-02Greenwood CUTow*****orp$50,000
2020-11Citizens Bank, National AssociationBio*****sis$125,000
2020-09Enterprise Bank & TrustLMG*****LLC$382,500
2020-08Brookline Bank, a Division of Beacon Bank and TrustKM *****LLC$100,000
2020-05Webster Bank National AssociationAME*****NC.$70,000
2020-03Brookline Bank, a Division of Beacon Bank and TrustCJ'*****LLC$15,000
2019-12Webster Bank National AssociationSam*****LLC$100,000
2019-12Citizens Bank, National AssociationHas*****age$50,000
2019-11BayFirst National BankPAI*****INC$150,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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