Commerce RI state SMB program has backed loans worth $600,000 so far

BOB DIPIETRO, CO-FOUNDER and co-owner of the RI Mushroom Company just secured a $325,000 loan through the Business Development Co.
BOB DIPIETRO, CO-FOUNDER and co-owner of the RI Mushroom Company just secured a $325,000 loan through the Business Development Co. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – A program to inject capital into some Rhode Island small businesses is picking up momentum, according to the R.I. Commerce Corp. Created with a $5.45 million allocation of state funds, the Small Business Assistance Program has loaned out $600,000 of its capital to 20 local companies, which in turn has been matched by…

Want More?

Register or subscribe with
Providence Business News to continue reading.

Register Now

Subscribe for $1

Already registered? Login to access more articles.

*Registered users get access to a limited number of free articles every month.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -