Fee waiver helps boost SBA-backed R.I. loans

NEW BALL GAME: Elmwood Sports owner Steve Moracco used a $150,000 SBA loan to expand the business he has owned for 23 years. / PBN PHOTO/MICHAEL SALERNO
NEW BALL GAME: Elmwood Sports owner Steve Moracco used a $150,000 SBA loan to expand the business he has owned for 23 years. / PBN PHOTO/MICHAEL SALERNO
Elmwood Sports owner Steve Moracco expanded his cramped screen-printing operation at his Cranston business with the help of a $150,000 loan through Bank Rhode Island. It was one of a growing number of federally backed loans in Rhode Island and nationwide last fiscal year. Moracco, 58, bought the Elmwood Avenue business in 1991. He’s spent…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

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 -