SBA: Citizens, BankNewport top list
of lenders to R.I. small businesses

Nancy Lavin

02/24/2020

GOV. GINA M. RAIMONDO announced on Monday she will apply to the SBA for low-interest loans for small businesses hurt by the new coronavirus.

PROVIDENCE – Citizens Bank was the top lender to Rhode Island small businesses through the U.S. Small Business Administration’s 7a loan program from Oct. 1, 2019, to Jan. 31, 2020, according the SBA. The Rhode Island-based bank lent $2.61 million across six small-business recipients in that time. Other top lenders by dollar figure through the…

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