SBA lender profile
Ocean State Business Development Authority
Ocean State Business Development Authority appears in the public SBA loan data with 409 funded 504 loans totaling $242.1M, an average of $592K per loan, and an estimated 3,461 jobs supported. Its SBA lending concentrates in Rhode Island and the Accommodation and Food Services sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
409
Total volume
$242.1M
Average loan size
$592K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
3,461
Programs
504
Ocean State Business Development Authority is a Certified Development Company (a 504 lender), not an FDIC-insured bank.
Where Ocean State Business Development Authority lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Rhode Island | 363 | $195.9M |
| Massachusetts | 31 | $33.0M |
| Connecticut | 15 | $13.2M |
What Ocean State Business Development Authority funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 77 | $55.0M |
| Manufacturing | 46 | $32.3M |
| Arts, Entertainment, Recreation | 23 | $31.4M |
| Retail Trade | 42 | $28.1M |
| Health Care and Social Assistance | 52 | $18.5M |
| Other Services | 40 | $18.5M |
Ocean State Business Development Authority SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 38 | $24.3M |
| 2011 | 23 | $14.3M |
| 2012 | 30 | $14.7M |
| 2013 | 18 | $11.1M |
| 2014 | 8 | $4.2M |
| 2015 | 5 | $2.4M |
| 2016 | 25 | $14.8M |
| 2017 | 21 | $14.8M |
| 2018 | 31 | $15.5M |
| 2019 | 32 | $11.2M |
| 2020 | 30 | $14.8M |
| 2021 | 28 | $11.8M |
| 2022 | 35 | $17.0M |
| 2023 | 26 | $22.9M |
| 2024 | 26 | $16.2M |
| 2025 | 24 | $28.2M |
| 2026 | 9 | $4.1M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Ocean State Business Development Authority's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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