SBA Loans for General Automotive Repair in Rhode Island: Top Lenders
NAICS 811NAICS 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.
Most active SBA lenders for General Automotive Repair in Rhode Island
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $70,000 | |
| 2 | 2 | $97,500 | |
| 3 | 2 | $118,850 | |
| 4 | 1 | $750,600 | |
| 5 | 1 | $40,000 | |
| 6 | 1 | $233,400 | |
| 7 | 1 | $150,000 |
Recent SBA 7(a) approvals for General Automotive Repair in Rhode Island
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-03 | Northeast Bank | ern*****orp | WARWICK, RI | $150,000 |
| 2025-03 | Eastern Bank | Oce*****LLC | COVENTRY, RI | $177,700 |
| 2024-01 | Newtek Bank, National Association | Top*****INC | Woonsocket, RI | $125,000 |
| 2023-03 | Newtek Bank, National Association | Ada*****tin | ALBION, RI | $70,000 |
| 2023-02 | Webster Bank National Association | Sam*****LLC | South Kingstown, RI | $449,900 |
| 2023-02 | Webster Bank National Association | Sam*****LLC | NORTH KINGSTOWN, RI | $133,700 |
| 2022-11 | Eastern Bank | Val*****ice | NORTH PROVIDENCE, RI | $60,000 |
| 2022-06 | TD Bank, National Association | CJ'*****Inc | NEWPORT, RI | $40,000 |
| 2022-03 | Webster Bank National Association | Bay*****nc. | WEST WARWICK, RI | $70,000 |
| 2022-01 | Citizens Bank, National Association | Erc*****nc. | PROVIDENCE, RI | $233,400 |
| 2021-08 | First National Bank of Pennsylvania | Car*****LLC | CENTRAL FALLS, RI | $750,600 |
| 2021-07 | Webster Bank National Association | EMM*****HOP | PROVIDENCE, RI | $296,900 |
| 2021-04 | Webster Bank National Association | Sam*****LLC | WEST KINGSTON, RI | $525,000 |
| 2020-05 | Webster Bank National Association | AME*****NC. | Cranston, RI | $70,000 |
| 2019-12 | Citizens Bank, National Association | Has*****age | RIVERSIDE, RI | $50,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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