Business Development Company
Providence, RI 2903
States Served
Top Industries Financed
- Offices of Physical, Occupational and Speech Therapists, and Audiologi
- Limited-Service Restaurants
- Industrial Machinery and Equipment Merchant Wholesalers
Quick Summary
Business Development Company is an SBA-approved lender headquartered in Providence, Rhode Island. Since 2020, they have approved 3 SBA 7(a) loans totaling $425K, with an average loan size of $142K. They primarily serve Rhode Island businesses.
About Business Development Company
Business Development Company is an SBA-approved lender headquartered in Providence, Rhode Island. Since 2020, they have approved 3 SBA 7(a) loans totaling $425K, with an average loan size of $142K. They primarily serve businesses in Rhode Island.
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Frequently Asked Questions
Is Business Development Company an SBA Preferred Lender?
Business Development Company is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has Business Development Company approved?
According to SBA FOIA public records, Business Development Company has approved 3 SBA 7(a) loans totaling $425K since 2020. Their average loan size is $142K.
What states does Business Development Company serve?
Business Development Company primarily serves businesses in Rhode Island.
How do I apply for an SBA loan with Business Development Company?
To apply for an SBA 7(a) loan with Business Development Company, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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