RIBBA offers forgivable microloan program for BIPOC-owned businesses

Jacquelyn Voghel

09/30/2021

KwKKH2xf-0731OneLastThing06 — THE RHODE ISLAND BLACK Business Association is launching a new forgivable loan program that will provide $450,000 in microloans to Black, Indigenous and People of Color-owned small businesses in the state. Above, Lisa Ranglin, Rhode Island Black Business Association founder and president. / PBN PHOTO/MICHAEL SALERNO

PROVIDENCE – A new, forgivable loan program will provide a combined $450,000 in microloans to Black, Indigenous and people of color-owned small businesses in the state, the Rhode Island Black Business Association announced Thursday. The program, which awards loans ranging from $500 to $3,000, will help to address disparities that communities of color have faced…

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