SBA-backed loans in R.I. decline in first half of fiscal 2018

James Bessette

04/11/2018

THE U.S. SMALL BUSINESS ADMINISTRATION has supported $55.16 million in loans to Rhode Island businesses through the first half of the current fiscal year.

PROVIDENCE — Halfway through the current fiscal year, the U.S. Small Business Administration has guaranteed 7.5 percent less in loans to local businesses, even as the total dollar volume directed to the small business community through SBA-supported and -related programs has increased slightly year to date from fiscal 2017 to fiscal 2018. Data from the…

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