THE R.I. COMMERCE CORP. has stopped accepting applications for a $10 million loan program announced on Monday after reaching capacity.
PROVIDENCE – A new program announced on Monday offering $10 million in payroll relief loans to Rhode Island small businesses and nonprofits has stopped accepting applications, according to R.I. Commerce Corp. spokesman Matt Sheaff. Applications to the new funding stream, offered through a partnership between Goldman Sachs, CommerceRI and the Community Reinvestment Fund, hit capacity…
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