SBA: $976M in PPP loans for 16K R.I. recipients as program ends

PROVIDENCE – Rhode Island secured about half the forgivable payroll loan funds in this year compared to the 2020 program, but the number of recipients declined by 11%, suggesting smaller average loan sizes. Nearly 16,000 Rhode Island small businesses secured $976 million in forgivable payroll loans through the Paycheck Protection Program, according to the latest…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.