Ocean State Business Development Authority approved 128 SBA loans worth $92.6M between October 2021 and June 2026, ranking #295 of 2,283 SBA lenders nationally by loan count. Its median loan was $461,500, and 8% went to startups or businesses under two years old. It lent in 3 states, most often in Rhode Island, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Rhode Island | 110 | $67.1M | $426,000 | #3 |
| Massachusetts | 14 | $24.0M | $688,000 | #65 |
| Connecticut | 4 | $1.5M | $435,000 | #68 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 24 | $638,000 | |
| Other services (repair, personal care) | 16 | $413,000 | |
| Health care and social assistance | 14 | $313,000 | |
| Construction | 12 | $461,500 | |
| Retail | 12 | $464,500 | |
| Manufacturing | 11 | $496,000 | |
| Arts, entertainment and recreation | 8 | $675,500 | |
| Real estate and rental | 8 | $300,000 | |
| Professional and technical services | 6 | $255,000 | |
| Administrative and support services | 4 | $549,000 |