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Bank Rhode Island (RI)

Bank Rhode Island (RI)

BankRI offers a more personalized style of banking, with an array of personal, business, commercial and investment products.

Existing or more than 2 years old
Fixed Rates
New Business or 2 years or less
Preferred Lenders Program
SBA Express Program
# Variable Rates
SBA Loan Approvals as of Fiscal Year End 2025 22
SBA Loans Total Approval Amount as of Fiscal Year End 2025 $3,678,400
Average SBA Loan Size as of Fiscal Year End 2025 $167,200
Average SBA Loan Rate over Prime (Prime is 6.75%) 1.63
Bank Rhode Island (RI)

Unlock Your Financial Potential with Bank Rhode Island (RI)

Bank Rhode Island (BankRI) is a full-service community bank serving individuals and businesses throughout Rhode Island. Known for its local decision-making and relationship-based approach, BankRI offers a robust suite of services designed to support small businesses — including participation in SBA loan programs.

Key Features of Bank Rhode Island

  • Comprehensive Business Banking: Business checking and savings accounts, cash-management services, merchant services, and online tools tailored to simplify your company’s finances.
  • SBA Loan Expertise: Bank Rhode Island participates in the U.S. Small Business Administration’s lending programs, including SBA 7(a) and 504 loans. Its experienced commercial lending team helps entrepreneurs navigate the SBA process and secure government-backed financing for working capital, equipment purchases, and real estate.
  • Flexible Commercial Lending: In addition to SBA loans, the bank provides term loans, commercial mortgages, lines of credit, and construction loans with local decision-making and personalized underwriting.
  • User-Friendly Digital Tools: Robust online and mobile banking for both personal and business accounts give you convenient, 24/7 access to your finances.
  • Commitment to Community: As a Rhode Island-based bank, BankRI reinvests in local neighborhoods, supports economic-development initiatives, and provides hands-on guidance to small business owners.

Why Choose Bank Rhode Island for SBA Loans?

BankRI combines the personal service of a community bank with the expertise needed to deliver SBA-backed financing effectively. Its business bankers understand the unique needs of Rhode Island entrepreneurs and work closely with them to streamline approvals, offer competitive rates, and tailor funding solutions for each stage of growth.

How to Get Started

Ready to grow your business with an SBA loan or other financing option? Visit the Bank Rhode Island Business Banking page to explore current offerings, review eligibility, and connect with a local business-banking specialist who can guide you through the process.

Empower your financial future today with Bank Rhode Island — where Rhode Island businesses come to grow.

Industry