R.I. receives $6.8M from feds for Revolving Loan Funds

RHODE ISLAND will receive $6.8 million in federal funds to capitalize and administer Revolving Loan Funds for businesses impacted by the COVID-19 pandemic. / AP FILE PHOTO/SUSAN WALSH
RHODE ISLAND will receive $6.8 million in federal funds to capitalize and administer Revolving Loan Funds for businesses impacted by the COVID-19 pandemic. / AP FILE PHOTO/SUSAN WALSH
PROVIDENCE – Rhode Island has been allocated $6.8 million from the federal government to capitalize and administer Revolving Loan Funds for businesses impacted by the COVID-19 pandemic, the U.S. Department of Commerce announced Wednesday. The R.I. Commerce Corp. will receive $6 million of the funds and the Providence Business Loan Fund will receive $836,000 of…

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