PROVIDENCE, R.I. — The $284 million Coastway Credit Unioncontinues to rank among Rhode Island's top five Small BusinessAdministration lenders.
|Coastway has approved 44 loans totaling nearly $7.5 millionsince the agency's fiscal year started on Oct. 1, 2007, accordingto SBA. Citizens Bank, Washington Trust Co., Bank Rhode Island andSovereign Bank are also among the state's top five SBA lenders.
|The agency reported that 25 loans were approved to existingbusinesses and nine start-ups in July. Another 16 loans went towomen-owned and minority businesses and a loan to one veteran-ownedbusiness.
|Since Oct. 1, 2007, SBA's Rhode Island office said it hasapproved 323 loans totaling nearly $53 million.
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