STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
195
2010–2026
Total Volume
$48M
Gross loan amounts
States Active
3
With recorded loans
Programs
7(a) & 504
194 total segments
The Washington Trust Company of Westerly has a notable 23% share of 504 loans, which is higher than the national average of 18%. This indicates a strong capability in financing real estate and larger projects, making them a good option for borrowers looking for these types of loans.
With an average deal size of $249,765 and a majority of their loans (59%) falling under $150K, this lender is well-suited for small businesses seeking smaller loans. If your financing needs are for a larger acquisition, you might find better options elsewhere.
The lender has experienced a significant growth trend, with a 75% increase in deals year-over-year. This growth suggests they are actively expanding their lending capacity, which could mean more favorable terms and quicker approvals for new borrowers.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 44 504 loans, which use fixed SBA debenture rates.
States where The Washington Trust Company of Westerly has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Other Health Practitioners
Health Care & Social Assistance
Agriculture & Forestry
Agriculture & Forestry
Manufacturing
Manufacturing
Wholesale Trade
Wholesale Trade
Specialty Trade Contractors
Construction
Administrative & Waste Services
Administrative & Waste Services
Food & Beverage Stores
Retail Trade
+ 7 more
All recorded SBA lending activity for The Washington Trust Company of Westerly, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Rhode Island · Other Health Practitioners · Under $150K | 7(a) | 12 | P+2.13% | $74K | Q3 2023 |
| Rhode Island · Agriculture & Forestry · Under $150K | 7(a) | 11 | P+2.75% | $50K | Q2 2013 |
| Rhode Island · Restaurants & Food Service · Under $150K | 7(a) | 11 | P+2.75% | $77K | Q4 2013 |
| Rhode Island · Physician & Dental Offices · Under $150K | 7(a) | 7 | P+2.50% | $95K | Q3 2012 |
| Rhode Island · Specialty Trade Contractors · Under $150K | 7(a) | 7 | P+2.00% | $45K | Q2 2023 |
| Rhode Island · Auto Repair & Maintenance · Under $150K | 7(a) | 6 | P+2.00% | $34K | Q1 2017 |
| Rhode Island · Manufacturing · Under $150K | 7(a) | 5 | P+2.00% | $70K | Q1 2020 |
| Rhode Island · Restaurants & Food Service · $350K – $500K | 7(a) | 4 | P+2.00% | $405K | Q2 2015 |
| Rhode Island · Personal Care (Salons, Spas) · Under $150K | 7(a) | 4 | P+1.63% | $49K | Q2 2019 |
| Rhode Island · Wholesale Trade · $150K – $350K | 7(a) | 4 | P+1.88% | $275K | Q2 2013 |
| Rhode Island · Engineering & Architecture · Under $150K | 7(a) | 4 | P+2.00% | $60K | Q3 2016 |
| Rhode Island · Administrative & Waste Services · Under $150K | 7(a) | 4 | P+2.00% | $29K | Q2 2025 |
| Rhode Island · Restaurants & Food Service · $150K – $350K | 504 | 4 | — | $272K | Q2 2017 |
| Rhode Island · General Merchandise · Under $150K | 7(a) | 4 | P+2.38% | $18K | Q2 2015 |
| Rhode Island · Information & Media · Under $150K | 7(a) | 3 | P+1.50% | $75K | Q1 2015 |
| Rhode Island · Education · Under $150K | 7(a) | 3 | P+2.00% | $58K | Q3 2024 |
| Rhode Island · Arts, Entertainment & Recreation · Under $150K | 7(a) | 3 | P+2.00% | $27K | Q1 2012 |
| Rhode Island · Management & IT Consulting · Under $150K | 7(a) | 3 | P+2.00% | $45K | Q3 2011 |
| Rhode Island · Agriculture & Forestry · $350K – $500K | 7(a) | 3 | P+2.75% | $393K | Q2 2012 |
| Rhode Island · Legal Services · Under $150K | 7(a) | 3 | P+2.00% | $57K | Q3 2017 |
| Rhode Island · Transportation & Warehousing · Under $150K | 7(a) | 3 | P+2.75% | $62K | Q2 2012 |
| Rhode Island · Other Professional Services · Under $150K | 7(a) | 3 | P+2.00% | $72K | Q4 2016 |
| Rhode Island · Other Health Practitioners · $150K – $350K | 504 | 2 | — | $187K | Q1 2015 |
| Rhode Island · Agriculture & Forestry · $150K – $350K | 7(a) | 2 | P+1.40% | $309K | Q1 2022 |
| Rhode Island · Restaurants & Food Service · $150K – $350K | 7(a) | 2 | P+2.13% | $244K | Q2 2011 |
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Real experiences from borrowers who closed SBA loans with The Washington Trust Company of Westerly.
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