At least 5 R.I. banks to offer low-interest loans via Main Street Lending Program

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FIVE BANKS with Rhode Island locations have confirmed their participation in the Federal Reserve’s Main Street Lending Program. / AP FILE PHOTO/MANUEL BALCE CENETA
PROVIDENCE – Five banks with locations in Rhode Island have confirmed to Providence Business News that they will participate in the Main Street Lending Program. The $600 billion program launched by the Federal Reserve aims to help small to medium-sized businesses through low-interest loans of at least $250,000. Unlike the federal Paycheck Protection Program, these…

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