R.I. businesses secure $593M in second-round PPP funds as approval rate slows

PROVIDENCE – After inundating local lenders with applications for federal payroll relief funds, demand for the U.S. Small Business Administration’s Paycheck Protection Program among Rhode Island businesses appears to have dwindled, according to the latest data from the SBA. Nearly 8,000 Rhode Island small businesses have been approved for $593 million under the second round…

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