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Ocean State Business Development Authority logo

Ocean State Business Development Authority

Listed
Direct business lender for sBA 504 loans and commercial real estate loansWarwick, Rhode IslandBased in Rhode Island; service area not yet provided
BBLL 000620Listed Nov 2026From public recordsLast checked Nov 1, 2026
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About

Ocean State Business Development Authority provides SBA 504 fixed-asset financing in Rhode Island, Massachusetts and Connecticut.

Direct business lender. Directly funds business financing; products and terms depend on the lender.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

SBA 504 loansCommercial real estate loansEquipment financing
General small business
From the lender's own site and public records.

A second look at Ocean State Business Development Authority

Ocean State Business Development Authority provides SBA 504 fixed-asset financing in Rhode Island, Massachusetts and Connecticut.

Nonprofit Certified Development Company providing the SBA 504 portion with a participating bank or other lender.

Published by Levr, not by Ocean State Business Development Authority. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked November 1, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

SBA 504

Assets
Commercial land, buildings, construction, improvements and long-term machinery or equipment are listed uses.
Rate and maturity
The SBA portion carries a fixed rate for the life of a 10-, 20- or 25-year loan.
Leverage
Eligible projects may obtain up to 90% combined financing, with borrower contribution and bank participation determined by the project.
Borrower fit
The program targets operating for-profit businesses able to repay from cash flow; ordinary working capital is outside the fixed-asset program.

Provider sources: SBA 504 introduction · Eligibility

When it may fit

Our assessment of the published programs

  • Qualifying businesses buying or improving their operating premises or long-lived equipment in the three states.

What to weigh carefully

  • The eligibility page contains older business-size figures; confirm current SBA requirements directly.
  • Confirm the separate bank and CDC terms, equity, occupancy and prepayment obligations.

Questions before you accept an offer

  1. Which program and legal financing entity will fund this request?
  2. What security, owner contribution, fees and repayment conditions apply?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Citizens Bank

Citizens Bank offers SBA and commercial property financing in New England.

PNC Bank

PNC offers SBA fixed-asset financing for eligible US businesses.

The lender

Type
Direct business lender
Legal name
Not yet provided Add it
Founded
1976
Charter
Not yet provided Add it
Headquarters
Warwick, Rhode Island
Service area
Based in Rhode Island; service area not yet provided
Meets in person
Not yet provided Add it
Languages
Not yet provided Add it
Program approvals
SBA 504
Also lends to consumers
Not yet provided Add it
Website
osbda.com
LinkedIn
Not yet provided Add it

Loan officers at this lender

No loan officers listed yet. Work here? Claim your profile.

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