Bristol County Savings Bank and TD Bank Rank #1 as Top Rhode Island SBA 7(a) Lenders for FY 2023

RANKLender# Loans$ AmountAverage Loan Size
1Bristol County Savings Bank (MA)13$6,599,800$507,677
2Citizens Bank, National Association (RI)6$6,060,300$1,010,050
3HarborOne Bank (MA)21$6,030,000$287,143
4Bank Rhode Island (RI)20$4,878,500$243,925
5Berkshire Bank (MA)2$4,727,000$2,363,500
6Live Oak Banking Company (NC)4$4,723,000$1,180,750
7Webster Bank National Association (CT)13$4,174,600$321,123
8TD Bank, National Association (DE)42$3,995,500$95,131
9Bankwell Bank (CT)1$3,443,700$3,443,700
10Bank of America, National Association (SC)5$3,210,400$642,080
11Grasshopper Bank National Association (NY)1$2,918,000$2,918,000
12Rockland Trust Company (MA)1$2,150,000$2,150,000
13Newtek Small Business Finance, Inc. (NY)2$2,004,000$1,002,000
14Metro City Bank (GA)3$1,940,000$646,667
15First Bank of the Lake (MO)1$1,634,000$1,634,000
16Dogwood State Bank (NC)2$1,383,000$691,500
17Community Investment Corporation (CT)9$1,378,000$153,111
18The Huntington National Bank (OH)8$1,276,000$159,500
19Customers Bank (PA)2$1,127,000$563,500
20Readycap Lending, LLC (NJ)2$1,100,000$550,000
21BayFirst National Bank (FL)8$976,500$122,063
22BayCoast Bank (MA)6$838,200$139,700
23Avidia Bank (MA)1$755,000$755,000
24Navigant CU (RI)5$699,000$139,800
25HomeTrust Bank (NC)1$556,500$556,500
26Cadence Bank (MS)2$550,000$275,000
27Citizens Bank (TN)1$494,200$494,200
28Santander Bank, National Association (DE)6$409,000$68,167
29JPMorgan Chase Bank, National Association (OH)2$400,000$200,000
30Primary Bank (NH)1$200,000$200,000
31Eastern Bank (MA)1$200,000$200,000
32South Eastern Economic Development Corporation (MA)1$150,000$150,000
33Connecticut Community Bank, National Association (CT)1$150,000$150,000
34BankNewport (RI)1$100,000$100,000
35The Washington Trust Company of Westerly (RI)2$85,000$42,500
36Newtek Bank, National Association (FL)1$70,000$70,000
37Dean Co-Operative Bank (MA)1$50,000$50,000

Source: Lumos Data