Rhode Island Small Businesses: Five Fast Facts

May 14, 2024

Delaney Sexton
Contributing Editor

Rhode Island Small Businesses: Five Fast Facts

There are 105,320 small businesses in the state.
Small businesses employ 51.2% of Rhode Island employees.
In 2021, banks issued $356.6 million in loans to Rhode Island businesses with $1 million or less in revenues.
New lending to businesses through loans of $1 million or less was $1.3 billion.
88.1% of exporters in the state of Rhode Island are small businesses, which exported $1.6 billion in goods in 2021.