Tag: loans
R.I. Infrastructure Bank reports $202M in statewide investments for fiscal 2025
PROVIDENCE – The Rhode Island Infrastructure Bank delivered $202 million in financing through grants and loans, including $34.6 million in total grants, for infrastructure...
R.I. Infrastructure Bank awards $5.8M in loans for Pawtucket, Bristol road...
PROVIDENCE – Rhode Island Infrastructure Bank has finalized Municipal Road and Bridge Revolving Fund loans totaling $5.8 million for local improvements, the bank announced...
Payday lender opponents renew legislative effort
Advocates for payday lending reform celebrated lin 2023 when the House voted overwhelmingly for a bill they believed would finally curtail so-called “payday lenders,”...
Federal Reserve cuts key rate by quarter-point
WASHINGTON (AP) – The Federal Reserve cut its key interest rate Wednesday by a quarter-point – its third cut this year – but also...
Those with student loan debt are finding forgiveness elusive
In October, Pawtucket kindergarten teacher Kelly Beckford received an early holiday gift from President Joe Biden, whose administration wiped away $46,000 of her student...
Report: R.I. comprised of mostly small, micro businesses
PROVIDENCE – The smallest state in the nation is powered by small businesses.
Nearly 99% of Rhode Island’s businesses are small businesses or micro businesses,...
14,000 loans later, Capital Good Fund still aiming to do good
Sherlie Martinez had just given birth to her daughter, but the single mother was struggling to keep up with her bills and was racking...
Webster Bank parent sees profits rise 35% in 2023 but decline...
STAMFORD, Conn. – Webster Financial Corp., the parent company of Webster Bank, says it recorded a $867.8 million profit in 2023, marking a 34.7%...
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...
Fed unleashes another big rate hike but hints at a pullback
WASHINGTON (AP) – The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to...
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