Commerce RI helps secure $10M for small businesses through SBAP loans

FINANCIAL BOOST: A $100,000 Small Business Assistance Program loan from R.I. Commerce Corp. helped Shaidzon Beer co-owners Josh Letourneau, left, and Chip Samson launch their brewing company in South Kingstown. / PBN FILE PHOTO/MICHAEL SALERNO
FINANCIAL BOOST: A $100,000 Small Business Assistance Program loan from R.I. Commerce Corp. helped Shaidzon Beer co-owners Josh Letourneau, left, and Chip Samson launch their brewing company in South Kingstown. / PBN FILE PHOTO/MICHAEL SALERNO
From kegs and bottles to packaging materials and professional costs, when Shaidzon Beer Co. was setting up in the months prior to its November 2017 launch, co-owner Chip Samson says there were a lot of incoming bills. A $100,000 Small Business Assistance Program loan from R.I. Commerce Corp. in January was a windfall for the…

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