Quick Service Restaurant Feasibility Study in the Providence-Warwick, RI-MA Metro Area

The $150,000 median in Providence

Providence-Warwick recorded 143 limited-service restaurant loans between FY2017 and FY2026, with $33.0 million approved. The median loan is $150,000, and the central half of the file runs from $75,000 to $310,550. Compared with the class nationally, that median is 0.48x, below it.

Providence ranks 33 of 779 for limited-service restaurant

In Providence the program mix reads 124 for 7(a) against 19 for 504, with 7(a) ahead. The 7(a) loans outnumber the 504 loans by more than six to one. Franchise loans are 33.6% of the Providence-Warwick file. Place in the national table: 33 of 779. Position among Providence classes: 2 of 39. The Providence, RI quotient is 1.02x, meaning the class denser in Providence than nationwide. Providence County, RI tops the county list at 61 loans; Bristol County, MA follows with 45, then Washington County, RI with 11. The area spans Massachusetts and Rhode Island.

Floors and holders for limited-service restaurant in Providence-Warwick

The busiest printed year was FY2025, 20 loans and $4.5 million; the quietest was FY2023, 10 loans and $1.8 million. Providence 7(a) holders, ranked by loans: 18 loans and $6.1 million at Santander Bank, National Association; 12 loans and $2.2 million at Bristol County Savings Bank; 10 loans and $2.5 million at Navigant CU. Santander Bank, National Association shows 18 loans just as SBA names it holder here in Providence; the $6.1 million says nothing about lending standards. Providence 504 entries: New England Certified Development Corporation, 6 loans, $2.3 million and Bay Colony Development Corporation, 6 loans, $2.1 million. The Providence cancellation floor is 10.0%, while its ceiling is withheld, not zero. Losses on 143 Providence, RI loans cannot be given as a rate, as the cohort is thin; the rate is withheld, not zero.

What a limited-service restaurant study in Providence has to prove

For limited-service restaurant in Providence, the first question is drive-through and counter volume, the daypart mix and delivery and pickup demand, measured site by site. Then Providence costs: the equipment package, franchise-related outlays and the pad or buildout, each checked for Providence and compared with the $150,000 median loan. Stress Providence cash flow with a $75,000 loan and a $310,550 loan, then check where coverage weakens. Providence appraisers will value the equipment package, the lease terms and franchise-dependent business value one at a time, so the Providence, RI study ought to do the same. The $33.0 million total records past lending, forecasts nothing and promises no applicant an approval.

Limits behind 143 Providence loans

By project county, Providence, RI claims 143 loans. The July 2023 delineation puts Providence County, RI inside Providence-Warwick, and every county is matched by name. Providence cancellation covers FY2017 to FY2024 approvals around Providence-Warwick; charge-offs cover FY2017 to FY2021 disbursements.