Access the Top SBA Lending for Rhode Island Small Business
Rhode Island State, known for its history and vibrant culture offers an excellent environment for small businesses to thrive. From bustling Providence to towns entrepreneurs find ample opportunities for success. With access to SBA lending programs small businesses in Rhode Island can secure financial assistance to propel their ventures.
Rhode Island
The Ocean State
105,320 small businesses
228,107 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of Rhode Island
Between March 2021 and March 2022, 6,621 Rhode Island establishments opened and 4,036 closed, for a net increase of 2,585. Employment expanded at 9,188 establishments and contracted at 6,350. Small businesses accounted for 6,343 openings and 3,836 closings.
Establishments in Rhode Island
Employment in Rhode Island
Between March 2021 and March 2022, 6,621 Rhode Island establishments opened and 4,036 closed, for a net increase of 2,585. Employment expanded at 9,188 establishments and contracted at 6,350. Small businesses accounted for 6,343 openings and 3,836 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in Rhode Island
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $356.6 million in loans to Rhode Island businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $457.7 million. Total reported new lending to businesses through loans of $1 million or less was $1.3 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of Rhode Island's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in Rhode Island
Business Count by Demographic in Rhode Island
Total Rhode Island Employement by Business Size
Small Business Employment and Payroll by Industry in Rhode Island
Source: Business Employment Dynamics (BLS)