BankLocal boosting small businesses

BANKING LOCAL: Navigant Credit Union, its headquarters in Smithfield shown above, is one of two Rhode Island credit unions and eight banks participating in state General Treasurer Seth Magaziner’s BankLocal program – an initiative started two years ago to incentivize financial institutions to lend to local small businesses by matching those funds with state deposits./COURTESY/NAVIGANT CREDIT UNION
Hey mister, can you spare a few thousand dollars? The answer from local banks often is “yes,” under R.I. General Treasurer Seth Magaziner’s BankLocal initiative.…

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