R.I. Bankers Association: Majority of members accepting PPP applications
PROVIDENCE – While national banks have struggled with the rollout of a fast-moving federal loan program designed to help small businesses cover payroll expenses,...
Five Questions With: Scott Sheppard
Scott Sheppard is senior vice president of retail banking for Centreville Bank. He previously served five years as Centreville’s vice president of commercial lending...
Fitch downgrades U.S. bank ratings from stable to negative
PROVIDENCE – Fitch Ratings has downgraded its collective ratings outlook for U.S. banks from stable to negative over concerns about the financial impact of...
HarborOne donates $125K to R.I., Massachusetts nonprofits
PROVIDENCE – HarborOne Bank recently donated $125,000 to several longstanding nonprofit partners in Rhode Island and Massachusetts that serve people hurt by the new...
Citizens M&A serves as financial adviser on LegalPartners recapitalization
PROVIDENCE – Citizens M&A Advisory was recently highlighted for its role as the exclusive financial adviser to LegalPartners on its recapitalization, according to a...
Local lenders scramble to process surge of SBA loan applications
PROVIDENCE – Questions continue to emerge as local lenders scramble to keep up with the flood of applications pouring in from small businesses seeking...
Magaziner: Lenders shouldn’t turn away ‘orphaned’ businesses from $349B emergency program
PROVIDENCE – R.I. General Treasurer Seth Magaziner is urging Rhode Island banks, credit uniosn and other lenders to stop turning away some small businesses...
Capital Good Fund launches new Crisis Relief Loan program
PROVIDENCE – A Providence-based nonprofit lending institution has launched a new low-interest loan program to help those taking a financial hit from the new...
Thought you were insured for this interruption? Maybe not
Karen Lee has paid for business interruption insurance since she opened Breathing Time Yoga Inc. 19 years ago. But it wasn’t until a few weeks...
The $2 trillion CARES Act could provide lifelines for small business
Many small businesses breathed a sigh of relief when Congress passed the $2 trillion CARES Act to help prevent them from going under during...
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