7(a) Loan Program - Providence Business News

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SBA: Rhode Island small businesses received $179M in loans in 2025

Business Services 01/30/2026

SMITHFIELD – Rhode Island small businesses received $179 million in loans in fiscal year 2025, a 56.9% increase over the previous year. A total of...

GIVE ’EM CREDIT: Joseph Raycraft, U.S. Small Business Administration’s export finance manager for the New England region, foresees the agency’s pilot “working capital” program enabling many businesses to expand.  COURTESY U.S. SMALL BUSINESS ADMINISTRATION

SBA’s new pilot program a potential line of credit

Economy 09/13/2024

Today, the average annual percentage rate on a new small-business credit card is 17.82%, but that hasn’t stopped roughly 25% of businesses from using...

WAITING GAME: Jeffrey Cascione, senior vice president in charge of commercial lending at Navigant Credit Union, is eagerly awaiting the details of the U.S. Small Business Administration opening its flagship loan programs to financial technology companies. PBN PHOTO/MICHAEL SALERNO

New SBA loan rules spark debate among politicians, lenders

Business Services 05/12/2023

Impending changes at the U.S. Small Business Administration are stirring up whirlwinds of controversy – in Rhode Island and in Washington, D.C. – as...

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