Rhode Island Small Business
Small businesses are an integral part of Rhode Island's economy. Small Business Administration statistics, as published in the SBA Office of Advocacy state profiles, show that there are around 98,134 small businesses in Rhode Island, making up an roughly 98.9% of all Rhode Island-based businesses!
With a workforce of no less than 225,671 employees, small businesses thrive in the Ocean State. During the most recent notable financial year, lending institutions gave out 15,478 loans (under $100,000) that totaled to around $224.4 million. Financial analysis shows that Rhode Island is one of the best places for small business owners to grow their businesses.
Whatever your situation may be, SBA-backed loans are extremely useful for any small business in Rhode Island, and SBAExpress.Loans is standing by to provide you with all the help you need to get the financing your small business needs. And it's not just us; many of the major SBA-approved lending partners like Wells Fargo, JP Morgan Chase Bank, and Truist (formerly SunTrust) have branches statewide to service your SBA Express loan needs. Let us help get you connected today!