SBA Loans in Providence, RI
Unlock the power of the SBA to fuel your business growth, with flexible terms and low rates
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Great Rates, Less Requirements & Smaller Down Payments
SBA loans in Providence, RI from StartCap offer flexible options for small businesses. Our easy application process and competitive rates help you secure the funding you need. Build your business with confidence today.
Rates as Low as 6%
Yes, you read that correctly—access SBA loans with competitive rates that help your business thrive.
Terms up to 25 Years
Enjoy long repayment terms, giving you the flexibility to manage your cash flow over time.
Flexible Uses
Use your SBA loan for working capital, equipment, real estate, or other business expenses.
We're More Than Providence SBA Loans
StartCap delivers flexible financial solutions to businesses in Providence County, providing the capital needed to fuel growth and overcome obstacles. Our goal is to support your business in achieving its potential and long-term success.
From idea to orbit, we've got you covered.
No matter where you're at in your journey, we have options to help you get to the next level.
Idea-Stage
Got a brilliant idea and ready to launch? We’ll help you get registered with your state and secure the funding you need to take off.
Early-Stage
Lifting off can be tough, but it doesn’t have to be. We’re here to give your new venture the boost it needs to soar.
Well-Established
Keep operations running seamlessly with the right funding for vendors, inventory, payroll—whatever your business needs to stay on course.
+ 3-Months of Free Digital Marketing
For a limited time, our expert in-house marketing team is offering 3 months of premium marketing services—valued at $20,000—to help drive leads and sales for your start-up, whether you're in Providence or nationwide.
Here's a truck load of stuff to get kicked off
Find SBA Loans Near Providence, RI
Entrepreneurs in Providence and nearby locations can benefit from financial solutions that are crafted to help them thrive. Our flexible options provide the necessary support for growth. From East Providence to North Attleborough and beyond, we're your credit line specialists.
SBA Loan FAQ's
Providence, RI pulses with entrepreneurial energy, where local business founders seek strategic financial support through Small Business Administration (SBA) loans. The Ocean State's capital city harbors multiple lending resources for new business owners looking to transform innovative concepts into sustainable enterprises.
Here are a few local suggestions:- Washington Trust Bank at Westminster Street & Dorrance Street
- Citizens Bank at South Main Street & Benefit Street
- Bank Newport at North Main Street & Smith Street
- BankRI at Weybosset Street & Custom House Street
- Rhode Island Credit Union at Broadway & Exchange Street
- People's Credit Union at Warwick Avenue & Bald Hill Road
SBA loan options range from working capital and equipment financing to commercial real estate investments, providing crucial support for local start-ups across diverse industries. StartCap represents another strategic avenue for founders seeking comprehensive lending solutions tailored to Rhode Island's dynamic business ecosystem.
Note: StartCap is not associated with the above lenders in any way. Contact your local branch for the most accurate information & requirements.Interest rates for SBA loans in Providence, can vary widely based on the lender, loan type, and your personal credit profile. Traditional banks typically offer rates between 6% to 12% for well-qualified borrowers, though approval can be strict. SBA loans in Providence, which are popular for new businesses, generally have rates ranging from 6% to 13%, depending on the loan program. Alternative and online lenders may have higher rates, often between 6% to 30%, as they take on more risk, offer more flexible requirements, and time to funding is much faster.
Yes, your business needs to be registered with the state to qualify for SBA funding. However, to receive funding from StartCap, your business doesn't need to be registered with the state. We can help you explore alternative funding options that rely more on personal credit, income, or assets if you're not registered. Or, we can help you to get registered.
In Providence, RI, small business owners across multiple sectors can tap into SBA loan opportunities. Manufacturing, retail, professional services, and technology startups frequently qualify for these financial resources through various loan programs administered by local Rhode Island lending institutions.
Service-based businesses like plumbing contractors, HVAC specialists, and electrical companies in Providence and surrounding Kent County often meet SBA eligibility requirements. Hospitality ventures, restaurant establishments, and healthcare-related enterprises also frequently access Small Business Administration funding options tailored to their specific operational needs.
