Final Main Street Lending numbers show little R.I. participation from banks, businesses

RECENT DATA from the Federal Reserve shows just two Rhode Island businesses were among the 1,800 recipients of loans through the Main Street Lending Program, while four loans came from local lenders. / AP FILE PHOTO/PATRICK SEMANSKY
PROVIDENCE – There were only two Rhode Island companies among the 1,800 businesses to receive loans through the Federal Reserve’s Main Street Lending Program, and neither came from a local lender. The Jan. 11 update from the Federal Reserve details the names, loan amounts and lenders for the $16.5 billion in low-interest, deferred-payment loans made…

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