# Beacon Bank and Trust SBA loans in Rhode Island **Short answer:** SBA's loan file shows Beacon Bank and Trust made 117 SBA loans in Rhode Island since October 2019. 80.3% went through SBA Express, against 35.5% of its loans nationally. The median loan was $127,500, less than half its national median of $645,000. Canonical page: https://www.sbaexpress.loans/sba-express-lenders/beacon-bank-and-trust/rhode-island/ Data as of: 2026-06-30 This site is not Beacon Bank and Trust sbaexpress.loans is not Beacon Bank and Trust, and Beacon Bank and Trust did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from Beacon Bank and Trust. These are the 117 SBA 7(a) loans [Beacon Bank and Trust](https://www.sbaexpress.loans/sba-express-lenders/beacon-bank-and-trust/) made in [Rhode Island](https://www.sbaexpress.loans/rhode-island-small-business-loans/) approved October 2019 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you. Every state page for this lender uses this same period, so the pages can be compared with each other. ## How Beacon Bank and Trust differs in Rhode Island **What this means for you.** SBA Express was a more common route for these loans here, so ask Beacon Bank and Trust about it if your loan is small enough to qualify. ### SBA Express 80.3% of the loans in Rhode Island went through SBA Express, against 35.5% of its loans nationally. SBA Express, share of loans, Oct 2019 to Jun 2026 - Rhode Island: 80.3% - All its U.S. loans: 35.5% ### Loan size The median loan was $127,500 in Rhode Island, less than half its national median of $645,000. The middle half of loans in Rhode Island ran from $75,000 to $300,000. For all its loans the middle half ran from $200,000 to $1,395,000. Median loan, Oct 2019 to Jun 2026 - Rhode Island: $127,500 - All its U.S. loans: $645,000 ### Lines of credit 57.3% of the loans in Rhode Island were lines of credit, against 27.6% of its loans nationally. Lines of credit, share of loans, Oct 2019 to Jun 2026 - Rhode Island: 57.3% - All its U.S. loans: 27.6% We compared 8 measures with the national figure for the same period, and these are the 3 that differ clearly. 3 more differences are in the table. ## Rhode Island next to the U.S. **Rhode Island compared with all of Beacon Bank and Trust's U.S. loans, October 2019 to June 2026** | Measure | Rhode Island | All its U.S. loans | Reading | | --- | --- | --- | --- | | Lender's share of all SBA loans | 9.5% | 0.45% | Clearly higher | | Median loan | $127,500 | $645,000 | Clearly lower | | Middle half of loans | $75,000 to $300,000 | $200,000 to $1,395,000 | – | | Startups (the loan opens the business) | Fewer than 5 | 11.8% | n/a | | In business 2 years or less | 15.4% | 16.3% | No clear gap | | In business more than 2 years | 65.8% | 40.9% | Clearly higher | | Change of ownership | 12.8% | 30.6% | Clearly lower | | SBA Express | 80.3% | 35.5% | Clearly higher | | Lines of credit | 57.3% | 27.6% | Clearly higher | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 2 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. ## What Beacon Bank and Trust lends to in Rhode Island The 3 industries below account for 20 of the 117 loans approved October 2019 to June 2026, or 17.1%. An industry is listed when it has 5 or more of them, five at most. **Top industries in Rhode Island** | Industry | Loans | Share here | U.S. share | | --- | --- | --- | --- | | [Landscaping Services](https://www.sbaexpress.loans/industries/landscaping-services/) | 9 | 7.7% | 4.6% | | [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/) | 6 | 5.1% | 7.6% | | [Limited-Service Restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/) | 5 | 4.3% | 4.2% | Share here is the industry's share of the lender's loans in this state. U.S. share is its share of all the lender's loans nationally. Not in top 5 means it is not one of the lender's five most common industries. ## Beacon Bank and Trust in other states Other states where these loans differ clearly from the national pattern, most loans first. **Beacon Bank and Trust by state** | State | Loans since October 2019 | | --- | --- | | [Massachusetts](https://www.sbaexpress.loans/sba-express-lenders/beacon-bank-and-trust/massachusetts/) | 222 | | [Florida](https://www.sbaexpress.loans/sba-express-lenders/beacon-bank-and-trust/florida/) | 170 | | [New Jersey](https://www.sbaexpress.loans/sba-express-lenders/beacon-bank-and-trust/new-jersey/) | 131 | | [New York](https://www.sbaexpress.loans/sba-express-lenders/beacon-bank-and-trust/new-york/) | 116 | | [Texas](https://www.sbaexpress.loans/sba-express-lenders/beacon-bank-and-trust/texas/) | 53 | ## Other lenders in Rhode Island Other lenders in Rhode Island with a clear difference from the national pattern, most loans first. **Other lenders in Rhode Island** | Lender | Loans since October 2019 | | --- | --- | | [Eastern Bank](https://www.sbaexpress.loans/sba-express-lenders/eastern-bank/rhode-island/) | 125 | 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. A lender's past loans do not describe its current credit policy. 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](https://www.sbaexpress.loans/method/). ## Sources - [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)