SBA loans to sit-down restaurants in Rhode Island
Short answer
SBA's loan file shows 80 loans to sit-down restaurants in Rhode Island since October 2019. 48.8% went through SBA Express, against 31.1% nationally.
- SBA loans, Oct 2019 to Jun 2026
- 80
- median loan
- $125,000
- dollars approved
- $27.52M
- went through SBA Express
- 48.8%
These are the 80 SBA 7(a) loans to sit-down restaurants in Rhode Island approved October 2019 to June 2026. Each figure is set against the national figure for the same industry and period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what lenders have done and not what any lender will do for you. Every state page for this industry uses this same period, so the pages can be compared with each other.
How Rhode Island differs from the U.S.
What this means for you. SBA Express was a more common route for these loans here, so ask lenders about it if your loan is small enough to qualify.
SBA Express
48.8% of the loans in Rhode Island went through SBA Express, against 31.1% nationally.
We compared 9 measures with the national figure for the same period, and this is the one that differs clearly. The table compares every measure.
Rhode Island next to the U.S.
| Measure | Rhode Island | United States | Reading |
|---|---|---|---|
| Industry's share of all SBA loans | 6.5% | 4.5% | No clear gap |
| Median loan | $125,000 | $274,500 | No clear gap |
| Middle half of loans | $88,475 to $360,250 | $84,000 to $661,100 | – |
| Startups (the loan opens the business) | 20.0% | 25.7% | No clear gap |
| In business 2 years or less | 15.0% | 16.4% | No clear gap |
| In business more than 2 years | 53.8% | 43.8% | No clear gap |
| Change of ownership | 10.0% | 13.3% | No clear gap |
| SBA Express | 48.8% | 31.1% | Clearly higher |
| Lines of credit | 27.5% | 17.9% | No clear gap |
| Median term | 10 years | 10 years | – |
| Median spread over Prime at approval | 2.75 points over Prime | 2.5 points over Prime | – |
Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference.
Who lends in Rhode Island
The 5 lenders below made 35 of the 80 loans approved October 2019 to June 2026, or 43.8%. A lender is listed when it has 5 or more of them, five at most.
| Lender | Loans | Share here | U.S. share |
|---|---|---|---|
| BankNewport | 11 | 13.8% | Not in top 5 |
| Webster Bank | 7 | 8.8% | Not in top 5 |
| Beacon Bank and Trust | 6 | 7.5% | Not in top 5 |
| Navigant CU | 6 | 7.5% | Not in top 5 |
| Citizens Bank (Providence, RI) | 5 | 6.2% | Not in top 5 |
Share here is the lender's share of the loans in this state. U.S. share is its share of all loans to this industry nationally. Not in top 5 means it is not one of the five lenders with the most loans to the industry.
Sit-down restaurants in other states
Other states where these loans differ clearly from the national pattern, most loans first.
| State | Loans since October 2019 |
|---|---|
| California | 1,924 |
| Texas | 1,118 |
| New York | 945 |
| Florida | 897 |
| Ohio | 790 |
| Michigan | 584 |
| Georgia | 580 |
| Pennsylvania | 546 |
More industries in Rhode Island
Other industries in Rhode Island with a clear difference from the national pattern, most loans first.
| Industry | Loans since October 2019 |
|---|---|
| Fast-food, pizza and counter-service restaurants | 51 |
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Industry is the NAICS code recorded on each loan. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. How we build these pages.
Download this page's data: JSON · CSV
Cite this page: SBA loans to sit-down restaurants in Rhode Island. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/industries/full-service-restaurants/rhode-island/
Ask lending partners about your loan in Rhode Island
Tell us your state, loan amount and purpose, and we route your inquiry to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.