SBA approves $4.7M in Economic Injury Disaster Loans for R.I. applicants

PROVIDENCE – Ninety-two Rhode Island small businesses and nonprofits have qualified for a combined $4.7 million loans through the Small Business Administration’s Economic injury Disaster Loan program as of Monday, according to Rhode Island District Office Director Mark Hayward. Unlike the Paycheck Protection Program, which offers forgivable loans specifically designed to cover payroll costs, the…

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