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Financial institution offering retail banking, home loans, consumer loans, and business lending services since 1959, providing customers with convenience and reliable service throughout Rhode Island communities.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
contracting
As Of March 31, 2026
Median
$3.8M
Average
$3.3M
Sweet Spot
$4M-$5M
Industries with highest loan volume
Hotels (except Casino Hotels) and Motels
45
loans
$3.6M
avg. amount
Hotels (except Casino Hotels) and Motels
45
loans
$3.6M
avg
Beer, Wine, and Liquor Retailers
3
loans
$1.1M
avg. amount
Beer, Wine, and Liquor Retailers
3
loans
$1.1M
avg
Limited-Service Restaurants
1
loans
$2.0M
avg. amount
Limited-Service Restaurants
1
loans
$2.0M
avg
Offices of Mental Health Practitioners (except Physicians)
1
loans
$600K
avg. amount
Offices of Mental Health Practitioners (except Physicians)
1
loans
$600K
avg
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
| Loan Size | Avg Rate |
|---|---|
| $500K-$1M | Prime + 2.06% |
| $1M-$2M | Prime + 1.58% |
| $2M-$3M | Prime + 1.58% |
| $3M-$4M | Prime + 1.21% |
| $4M-$5M | Prime + 1.03% |
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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