Ocean State Business Development Authority: SBA Lending Record
What SBA's own loan files show about Ocean State Business Development Authority as an SBA lender, and how a lender's record bears on a feasibility study.
Ocean State Business Development Authority: a 504 record
SBA lists Ocean State Business Development Authority with 276 loans approved from FY2017 to FY2026, with $164.7 million behind them in gross dollars. Each of the 276 is a 504 loan; 7(a) stands at 0. Where a loan is 504, the lender SBA names is the development company, while the bank behind the first lien earns no credit in the file, so what follows covers only a slice of each financing, never the whole of any project.
Few classed loans
184 of the 276 loans fit none of our classes. Full-service restaurant has 30 of the classed ones, child care center 15 and hotel and motel 7. With counts this low, the classed view shows presence and little else. A hotel study counts the rooms already operating, asks what occupancy and rate a newcomer might reach, and prices the build. A child care study tests enrolment, staffing and licensing. For a restaurant, seat sales are set against the rent.
The state list printed
The state list for this holder shows Massachusetts with 23 loans, and this page claims no more about geography than that. A borrower should rely on evidence from the specific project market and should not read the single line as a map of where the holder is active.
A high cancellation floor, and a ceiling above it
A cancelled share of 17.9% marks the approvals of FY2017 to FY2024 as a floor, with 20.1% as the ceiling, which treats undisbursed loans as cancelled. The gap between them reflects approvals that had not yet disbursed. The charge-off side is blank because Loan Analytics withholds the rate, and a blank is not a zero. With only the cancellation side visible, a reader cannot judge how disbursed loans fared.
A study beside a 504 record
A feasibility study for a 504 project must show that the combined payment on both loans is covered, that demand exists at the site and that the budget is sound. The counts above show activity by this development company and imply nothing about how a new request will be received. They are best used to learn which property types the company has been associated with.
SBA loans held by Ocean State Business Development Authority
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
| Loans approved, FY2017 to FY2026 | 276 |
|---|---|
| Gross dollars approved | $164.7 million |
| SBA 7(a) loans | 0 |
| SBA 504 loans | 276 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 17.9% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 20.1% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 184 |
| Full-service restaurant | 30 |
| Child care center | 15 |
| Hotel and motel | 7 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Loans by project state
| State or area | Loans |
|---|---|
| Massachusetts | 23 |
States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-cdc-0188302.
Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Ocean State Business Development Authority or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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