The experts at Ocean State Business Development boast 40 years of experience in assisting businesses acquire low-rate business loans. Since the establishment of the Certified Development Company in 1981, OSBDA has been helping businesses in Rhode Island, and nearby areas of Connecticut and Massachusetts.
OSBDA is licensed and regulated by the U.S. Small Business Administration to make 504 loans in this region. Our role is to help small businesses access long-term fixed-asset financing in partnership with the private sector, usually a financial institution. OSBDA processes, closes and services the loans. OSBDA serves most for-profit businesses, with less than $15 million in net worth or after tax profits of less than $5 Million.
Our Mission Statement
To efficiently provide capital and services to small businesses located in Rhode Island, Massachusetts, and Connecticut; helping them acquire equipment and commercial real estate to grow their businesses. Also to provide advisory, training and other needed resources to small businesses while fostering a positive work environment that provides employees a place to grow, learn, and develop themselves professionally.