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 since FY2010, 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. Charge-off status is reported only on 7(a) loans, so no charge-off rate is available for this 504-only lender.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record n/r
- Scale 81
- Activity 84
- Consistency 88
Track record is 7(a)-only; Ocean State Business Development Authority appears with 504 loans only, so it’s scored on scale, activity, and consistency.
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Ocean State Business Development Authority the right lender for you?
Lenders fund what they know. Ocean State Business Development Authority's SBA lending concentrates in Rhode Island (363 loans) and Accommodation and Food Services (77 loans), at an average loan of $592K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
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 |
Metro areas where Ocean State Business Development Authority funds
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
Funded SBA volume by approval fiscal year (FY2010–2026).
| 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 |
Related SBA lenders
Other lenders active in Rhode Island or in Accommodation and Food Services.
New to the program? See how an SBA 504 loan works (the structure, the rates, and the CDC's role), browse every Certified Development Company ranked by 504 volume , or see how to choose an SBA lender by track record.
Ocean State Business Development Authority: frequently asked questions
Does Ocean State Business Development Authority offer SBA loans?
Yes. Ocean State Business Development Authority appears in the public SBA data with 409 funded SBA 504 loans totaling $242.1M, as a Certified Development Company (CDC) that funds the SBA 504 portion of a project.
How many SBA loans has Ocean State Business Development Authority made?
Ocean State Business Development Authority is associated with 409 SBA 504 loans totaling $242.1M in the public SBA data (as of 2026-03-31).
What is Ocean State Business Development Authority's SBA charge-off rate?
Charge-off status is reported only on 7(a) loans, and Ocean State Business Development Authority appears with 504 loans only, so there is no charge-off rate to report. See our methodology.
Where does Ocean State Business Development Authority do most of its SBA lending?
Ocean State Business Development Authority's SBA lending in the data is most concentrated in Rhode Island, and by industry in Accommodation and Food Services.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Ocean State Business Development Authority SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/ocean-state-business-development-authority/
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