Loan Census Banking News and Information
June 30, 2022  
 
 
  Business Loan Information  
 

Small Business Lenders in Pawtucket, Rhode Island

 
Loan Census SBA Loan Info

I need a loan for my business in Pawtucket, Rhode Island! If that's what's on your mind, you've come to the right place.

If you are hoping to get a small business loan and your business is based in Pawtucket, Rhode Island, we've put together a list of local small business banks that you should contact.

Local Pawtucket Banks

Without further adieu, here's our list of small business banks in Pawtucket.

Small Business Bank Recent SBA Loans
Bristol County Savings Bank  
Citizens Bank - Branch Offices- North Providence  
Citizens Bank - Branch Offices- Pawtucket  
Citizens Bank - Supermarket Branches- Private Banking Department- Stop &  
Credit Union Central Falls  
Pawtucket Credit Union  
Sovereign Bank - Offices  
Webster Bank 5

Banks that Lend to Pawtucket Businesses

This is a list of banks outside of Pawtucket, Rhode Island that have provided SBA loans to Pawtucket businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Washington Tr Co - Westerly
Providence, RI
8
Washington Tr Co - Westerly
Westerly, RI
3
Bank Of America
Charlotte, NC
10
Bank Of America
Providence, RI
36
Bank Of America
Waltham, MA
1
Bank Rhode Island
Providence, RI
18
Banknewport
Newport, RI
2
Business Development Company
Providence, RI
1
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
2
Coastway Cu
Cranston, RI
7
Community So. Bank D.b.a Commun
Parsons, TN
1
Domestic Bank
Cranston, RI
2
Freedom National Bank
Greenville, RI
3
Home Loan Invest Bank F.s.b.
Warwick, RI
4
Independence Bank
East Greenwich, RI
2
Innovative Bank
Oakland, CA
1
Minority Invest Devel Corp.
Providence, RI
3
Rbs Citizens
Boston, MA
2
Rbs Citizens
Cranston, RI
1
Rbs Citizens
Norwood, MA
2
Rbs Citizens
Providence, RI
108
South Shore Co-operative Bank
Weymouth, MA
1
Sovereign Bank
Providence, RI
2
Sovereign Bank
Villanova, PA
9
Sovereign Bank
Wyomissing, PA
8
Sovereign Bank New England A Div
Providence, RI
1
Stearns Bank
Saint Cloud, MN
1
Td Banknorth
Portland, ME
1
The Huntington National Bank
Indianapolis, IN
1
Unity Bank
Clinton, NJ
1
Ups Capital Business Credit
Providence, RI
2
Ups Capital Business Credit
Windsor, CT
5
Webster Bank
Fall River, MA
2
Webster Bank
New Britain, CT
1
Webster Bank
Providence, RI
2
Webster Bank
Waterbury, CT
2

Business Loan Advice for Pawtucket Businesses

Prior to contacting lenders for a loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the lender.

Being able to present a well-written business plan is is critically important. If the financing is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as the equity in your home. The banks will look at your personal credit report in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list are SBA lenders. Before meeting with the banker, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Angel Investors.

More Business Lender Lists for Rhode Island Cities
Get a Business Loan in North Providence
Get a Business Loan in Providence

Browse All Business Loan Sources for Rhode Island