Tag: loans
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...
R.I. Infrastructure Bank finances $122M in grants, loans in FY 22
PROVIDENCE – The Rhode Island Infrastructure Bank financed more than $122 million in low-interest loans and grants in fiscal year 2022, according to an...
BankNewport opens Warwick branch
NEWPORT – BankNewport has come to Warwick, commemorating the opening of its newest branch with a ribbon-cutting event on Nov. 30.
The new branch at...
Bank of America triples investment in homeownership grant and loan programs
PROVIDENCE – Bank of America Corp. plans to triple the grants, low-interest loans and financial education programs for low- to moderate-income homebuyers, the bank...
Need a stimulus?
Is another round of federal funding and support needed for your business?
Yes: 57%
No: 43%
Did your company benefit from a previous round of federal aid...
Centreville Bank opens Providence loan production office
PROVIDENCE – Centreville Bank opened its first self-standing loan production office in downtown Providence on Aug. 18, according to a news release.
The office at...
R.I. Infrastructure Bank closes $33M in road and bridge program loans
PROVIDENCE – The Rhode Island Infrastructure Bank recently announced $32.5 million in low-interest loans for road and bridge projects in Providence, Warwick and Cumberland,...
Perseverance, not panic, the path to surviving coronavirus crisis
None of us has been here before, in a rapidly collapsing economy with industries being shut down virtually overnight. But history is still the...
Five Questions With: Mark S. Hayward
Mark S. Hayward | Director, U.S. Small Business Administration Rhode Island District Office
1. Was 2019 a good year for small businesses in Rhode...
Commercial real estate loan delinquency in Providence metro declined Y/Y in...
PROVIDENCE – The share of commercial real estate loans in delinquency in the Providence metropolitan area declined 5.2 percentage points year over year to 2.7%...
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