PROVIDENCE, R.I. — The $284 million Coastway Credit Union continues to rank among Rhode Island's top five Small Business Administration lenders.

Coastway has approved 44 loans totaling nearly $7.5 million since the agency's fiscal year started on Oct. 1, 2007, according to SBA. Citizens Bank, Washington Trust Co., Bank Rhode Island and Sovereign Bank are also among the state's top five SBA lenders.

The agency reported that 25 loans were approved to existing businesses and nine start-ups in July. Another 16 loans went to women-owned and minority businesses and a loan to one veteran-owned business.

Since Oct. 1, 2007, SBA's Rhode Island office said it has approved 323 loans totaling nearly $53 million.

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