GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
399
2010–2026
Total Volume
$237M
Gross loan amounts
States Active
3
With recorded loans
Programs
504
398 total segments
Ocean State Business Development is a 504-only lender, which means they specialize in financing real estate and equipment for existing businesses. This focus is evident as 86% of their deals are for existing businesses, making them a strong choice for established companies looking to expand or upgrade.
With an average deal size of $594,812 and a significant number of deals in the $150K-$350K range (140 deals), this lender is well-suited for borrowers seeking mid-sized loans, particularly in the restaurant and manufacturing sectors, which are their top industries.
Ocean State Business Development has seen a decline in their lending activity, with a -12% year-over-year drop in deals. This trend may indicate a tightening of their lending criteria, which could make it more challenging for new borrowers to secure funding.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 398 504 loans, which use fixed SBA debenture rates.
States where Ocean State Business Developme has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Specialty Trade Contractors
Construction
Social Assistance
Health Care & Social Assistance
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Hotels & Accommodation
Accommodation & Food Services
Wholesale Trade
Wholesale Trade
Other Repair & Services
Other Services
+ 7 more
All recorded SBA lending activity for Ocean State Business Developme, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Rhode Island · Restaurants & Food Service · $500K – $1M | 504 | 16 | — | $651K | Q3 2025 |
| Rhode Island · Manufacturing · $150K – $350K | 504 | 15 | — | $238K | Q1 2024 |
| Rhode Island · Restaurants & Food Service · $150K – $350K | 504 | 14 | — | $251K | Q3 2023 |
| Rhode Island · Social Assistance · $150K – $350K | 504 | 11 | — | $240K | Q1 2025 |
| Rhode Island · Manufacturing · $350K – $500K | 504 | 11 | — | $407K | Q3 2023 |
| Rhode Island · Specialty Trade Contractors · Under $150K | 504 | 11 | — | $103K | Q3 2025 |
| Rhode Island · Specialty Trade Contractors · $150K – $350K | 504 | 11 | — | $260K | Q4 2023 |
| Rhode Island · Restaurants & Food Service · $350K – $500K | 504 | 11 | — | $414K | Q3 2024 |
| Rhode Island · Wholesale Trade · $150K – $350K | 504 | 10 | — | $254K | Q2 2025 |
| Rhode Island · Other Health Practitioners · $150K – $350K | 504 | 8 | — | $244K | Q2 2024 |
| Rhode Island · Other Repair & Services · $150K – $350K | 504 | 7 | — | $216K | Q3 2024 |
| Rhode Island · Social Assistance · $500K – $1M | 504 | 7 | — | $726K | Q3 2022 |
| Rhode Island · Engineering & Architecture · $150K – $350K | 504 | 7 | — | $212K | Q4 2025 |
| Rhode Island · Arts, Entertainment & Recreation · $500K – $1M | 504 | 7 | — | $609K | Q2 2025 |
| Rhode Island · Manufacturing · $1M – $2M | 504 | 7 | — | $1.5M | Q2 2025 |
| Rhode Island · Restaurants & Food Service · Under $150K | 504 | 6 | — | $112K | Q1 2019 |
| Rhode Island · Auto Repair & Maintenance · $150K – $350K | 504 | 6 | — | $241K | Q2 2024 |
| Rhode Island · Physician & Dental Offices · Under $150K | 504 | 5 | — | $105K | Q2 2021 |
| Rhode Island · Real Estate · $150K – $350K | 504 | 5 | — | $250K | Q4 2025 |
| Rhode Island · Other Repair & Services · $500K – $1M | 504 | 4 | — | $794K | Q4 2025 |
| Rhode Island · Social Assistance · $350K – $500K | 504 | 4 | — | $443K | Q4 2021 |
| Rhode Island · Wholesale Trade · $350K – $500K | 504 | 4 | — | $409K | Q4 2021 |
| Rhode Island · Retail Trade · $150K – $350K | 504 | 4 | — | $247K | Q1 2022 |
| Rhode Island · Legal Services · Under $150K | 504 | 4 | — | $113K | Q4 2017 |
| Rhode Island · Hotels & Accommodation · $500K – $1M | 504 | 4 | — | $688K | Q3 2023 |
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