SBA reports $3.2B in traditional, COVID-19 loans to R.I. businesses in fiscal 2020

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THE U.S. SMALL BUSINESS Administration funded $3.2 billion in loans to Rhode Island small businesses in fiscal 2020 through traditional loan programs and emergency funding rolled out amid the COVID-19 pandemic.
PROVIDENCE – The U.S. Small Business Administration provided more than $3.2 billion in capital to Rhode Island small businesses in fiscal 2020 through traditional loan programs and emergency funding rolled out amid the COVID-19 pandemic, according to a news release. A majority of the fiscal 2020 funds, $1.9 billion, was distributed via the forgivable payroll…

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