Ocean State Business Developme
Warwick, RI 2888
SBA Certified Development CompanyStates Served
Top Industries Financed
- Full-Service Restaurants
- Child Day Care Services
- Hotels (except Casino Hotels) and Motels
- All Other Specialty Trade Contractors
- Coin-Operated Laundries and Drycleaners
Quick Summary
Ocean State Business Developme is an SBA-certified Certified Development Company (CDC) headquartered in Warwick, Rhode Island. Since 2010, they have approved 404 SBA 504 loans totaling $239.6M, with an average loan size of $593K. They serve businesses across 3 states.
About Ocean State Business Developme
Ocean State Business Developme is an SBA-certified Certified Development Company (CDC) headquartered in Warwick, Rhode Island. Since 2010, they have approved 404 SBA 504 loans totaling $239.6M, with an average loan size of $593K. They serve businesses across 3 states.
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Frequently Asked Questions
What does Ocean State Business Developme do?
Ocean State Business Developme is an SBA-certified Certified Development Company (CDC) based in Warwick, Rhode Island. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Ocean State Business Developme handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Ocean State Business Developme approved?
According to SBA FOIA public records, Ocean State Business Developme has approved 404 SBA 504 loans totaling $239.6M since 2010. Their average loan size is $593K.
What states does Ocean State Business Developme serve?
Ocean State Business Developme serves businesses in 3 states: Connecticut, Massachusetts, Rhode Island.
How do I apply for an SBA 504 loan through Ocean State Business Developme?
To apply for an SBA 504 loan through Ocean State Business Developme, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
Get in Touch with This CDC
Contact Ocean State Business Developme
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