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Rhode Island Small Business Assistance Program (SSBCI)

RI Division of Banking / RI Commerce (RI Commerce)RI-SSBCI
Max per Applicant

$500K

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Rhode Island

About This Program

Provides loan guarantees and direct loans to Rhode Island small businesses under the State Small Business Credit Initiative (SSBCI). Focuses on businesses in underserved markets and capital-constrained industries.

Key Requirements & Eligibility

  • 1Business must be a for-profit entity in Rhode Island with 500 or fewer employees
  • 2Must demonstrate need for capital for growth or recovery
  • 3Loan guarantee program: bank retains loan, state guarantees 20โ€“33%
  • 4Direct loan program available for highest-need businesses
  • 5Priority: minority-owned, women-owned, and rural businesses

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

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Applicable Industries

ManufacturingTechnologyFood & BeverageHealthcareRetail
Official Source