The Washington Trust Company of Westerly
WESTERLY, RI 2891
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Computer Systems Design Services
- Electrical Contractors
- Commercial Bakeries
- Seafood Product Preparation and Packaging
- Shellfish Fishing
Quick Summary
The Washington Trust Company of Westerly is an SBA-approved lender headquartered in WESTERLY, Rhode Island. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 13 SBA 7(a) loans totaling $2.6M, with an average loan size of $201K. They serve businesses across 2 states.
About The Washington Trust Company of Westerly
The Washington Trust Company of Westerly is an SBA-approved lender headquartered in WESTERLY, Rhode Island. Since 2020, they have approved 13 SBA 7(a) loans totaling $2.6M, with an average loan size of $201K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.
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Frequently Asked Questions
Is The Washington Trust Company of Westerly an SBA Preferred Lender?
Yes, The Washington Trust Company of Westerly is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has The Washington Trust Company of Westerly approved?
According to SBA FOIA public records, The Washington Trust Company of Westerly has approved 13 SBA 7(a) loans totaling $2.6M since 2020. Their average loan size is $201K.
What states does The Washington Trust Company of Westerly serve?
The Washington Trust Company of Westerly serves businesses in 2 states: Connecticut, Rhode Island.
How do I apply for an SBA loan with The Washington Trust Company of Westerly?
To apply for an SBA 7(a) loan with The Washington Trust Company of Westerly, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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