SBA: 16,000 R.I. businesses approved for PPP loans as demand continues to slow

PROVIDENCE – Less than 200 additional Rhode Island small businesses have secured federal payroll relief loans in the last week as demand for the U.S. Small Business Administration’s Paycheck Protection Program slows to a crawl. The latest update from the SBA, reflecting loans approved through May 23, shows roughly 16,000 Rhode Island business applicants have…

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