$61.7M credit initiative slow to deploy money

GROWTH OPPORTUNITY: Anthony Ramon, owner of Sopha’s Café in Cranston, says a $120,000 loan through the State Small Business Credit Initiative allowed him to purchase the space to open his new culinary venture.
PBN PHOTO/MICHAEL SALERNO
GROWTH OPPORTUNITY: Anthony Ramon, owner of Sopha’s Café in Cranston, says a $120,000 loan through the State Small Business Credit Initiative allowed him to purchase the space to open his new culinary venture.
PBN PHOTO/MICHAEL SALERNO

In today’s economy, Anthony Ramon would have had a tough time securing a mortgage to buy a commercial building on Cranston’s Park Avenue, if at all. But a federal program that is spreading $10 billion across the country – $61.7 million to Rhode Island – allowed Ramon to own a new space for his latest

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