Buying a Business in Rhode Island
What SBA acquisition lending actually looks like in Rhode Island, from loan-level government data.
FY2025 Acquisition Loans
29
$25.7M approved
Median Loan
$500,000
FY2020 through FY2025
Loans Since FY2020
106
$93.9M in total approvals
Share of U.S. Activity
0.3%
Of change-of-ownership loans
Most Active Acquisition Lenders in Rhode Island
- 1. Beacon Bank and Trust15 loans
- 2. HarborOne Bank11 loans
- 3. Live Oak Banking Company10 loans
- 4. Navigant CU9 loans
- 5. Citizens Bank, National Association6 loans
A lender being active in Rhode Island does not require a local branch; several top SBA lenders work nationally. Build a shortlist with Lender Match.
What Gets Bought in Rhode Island
- Full-Service Restaurants8 loans
- Beer, Wine, and Liquor Stores4 loans
- Child Day Care Services4 loans
- Other Miscellaneous Durable Goods Merchant Wholesalers4 loans
- Offices of Certified Public Accountants3 loans
Industry-specific pricing and diligence live in the Industry Buy Guides.
Method & Source
Computed from the SBA 7(a) FOIA loan-level dataset (FY2020 through FY2025), filtered to approvals flagged change of ownership with a Rhode Island project address. Approvals, not closings; excludes conventional and 504 financing. Free to cite with attribution.
Everything here is educational information, not financial, legal, tax, or investment advice. Figures are estimates or cited third-party data; verify anything that matters against primary sources and your own advisors before acting on it.