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COMPANY CRED: Bacary Diatta says his food company Kassumay LLC is going well, but it could be doing better if it was easier to obtain a business loan. 
PBN PHOTO/­MICHAEL SALERNO

Fear grows about reduced ability to access capital

When Bacary Diatta moved from Senegal to the United States in 2018, he knew he wanted to start a business that would add value...

Rhode Island SBA lending exceeds $138M in fiscal year 2023

PROVIDENCE – More than $138 million in U.S. Small Business Administration lending was provided for small businesses in Rhode Island during fiscal year 2023,...

Federal Reserve raises key rate for 11th time by a quarter-point

WASHINGTON (AP) – The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months, a streak of hikes that...

Cost of student loan forgiveness too big

At the end of June, 43 million borrowers – or about 14% of all adults in the U.S. – owed approximately $1.59 trillion in...

RIHousing Loan Center Welcomes Elizabeth Gonzalez as Mortgage Originator

Elizabeth Gonzalez has been promoted to the position of Mortgage Originator in the RIHousing Loan Center. Elizabeth brings more than 15 years of experience...
Beverly Walter

It’s best to prep before shopping for a new home

If you’re hoping to buy a home this summer, you’re in good company. Homebuyers in Rhode Island and around the country are facing the...

Loan sharks can play a useful economic role

Hear the term “loan shark” and what do you think of? Probably a desperate borrower going to Tony Soprano and, later on, having his...
BAD FOR TAXPAYERS? Gov. Gina M. Raimondo on Sept. 16 said a new Small Business Development Fund approved by state lawmakers was not good for taxpayers. She supports R.I. Commerce Corp.’s plans to create rules to ensure proper oversight of tax credits approved under the program.
 / PBN FILE PHOTO/
MICHAEL SALERNO

Tax-credit program needs strong oversight to pay off

Economic-development officials took a good step on Sept. 16 in agreeing to create clear rules ahead of the rollout of a new tax-credit program...

RIHousing Loan Center Welcomes Gabriela Godoy as Mortgage Originator

Gabriela (‘Gaby’) Godoy joins the RIHousing Loan Center with more than 15 years of experience in mortgage banking and loan servicing, with multilingual abilities....

There’s nothing wrong with stronger banks

Must a safer banking system inevitably be less dynamic? Judging from the experience of the U.S. and Europe since the 2008 financial crisis, not...
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