Ocean State Business Development (OSBDA) Email Format

BankingRhode Island, United States2-10 Employees

OSBDA is a nonprofit Rhode Island-based Certified Development Company that operates under the U.S. Small Business Administration framework. It focuses on SBA 504 loans to finance fixed assets, including real estate and equipment purchases. The program provides long-term fixed-rate financing and can cover up to 90% of project costs, with faster closings and relatively low legal fees. The organization guides borrowers from application to closing, maintaining communication with banks and borrowers to support the process.

It serves all of Rhode Island and portions of nearby states, including New London, Middlesex, and Windham Counties in Connecticut and Norfolk, Bristol, and Worcester Counties in Massachusetts. In December 2023, OSBDA was recognized as Certified Development Company of the Year, marking an eighth consecutive year with this distinction.

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