SBA reports ‘banner’ year of 504 loans for R.I. small businesses

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THE U.S. SMALL BUSINESS Administration reported its highest-ever funding for Rhode Island small businesses through its 504 loan program in fiscal year 2022.
PROVIDENCE – The U.S. Small Business Administration reported its highest-ever fixed-assets funding for Rhode Island small businesses for the year that ended Sept. 30, according to a news release. The $90.4 million in 504 loans helped 78 small businesses with capital purchases such as real estate and equipment, setting state records in dollars and numbers…

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