Bank Rhode Island
RI
SBA-approved lender offering 8 loan programs across 7 industries.
Key Metrics
Interest Rate
8.38%
1.63% over prime
Average Loan
$167K
Per approval
Total Approvals
22
FY 2025
Loan Programs (8)
Existing or more than 2 years old
Fixed Rates
New Business or 2 years or less
Preferred Lenders Program
SBA Express Program
Loan Funds will Open Business
7a General
Change of Ownership
Industries Served (7)
All Other Miscellaneous ManufacturingExterminating and Pest Control ServicesFlooring ContractorsLandscaping ServicesLimited-Service RestaurantsOther Building Equipment ContractorsResidential Remodelers
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.63%
- Effective Rate
- 8.38%
- Fiscal Year
- 2025
- States Served
- RI
- Website
- www.bankri.com
Ready to apply with Bank Rhode Island?
Let Cassian help you prepare your application and connect you with the right loan officer.