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RHODE ISLAND will receive $6.8 million in federal funds to capitalize and administer Revolving Loan Funds for businesses impacted by the COVID-19 pandemic. / AP FILE PHOTO/SUSAN WALSH

R.I. receives $6.8M from feds for Revolving Loan Funds

PROVIDENCE – Rhode Island has been allocated $6.8 million from the federal government to capitalize and administer Revolving Loan Funds for businesses impacted by...

Providence Business Loan Fund hits $1M mark in COVID-19 financing

PROVIDENCE – The Providence Business Loan Fund recently surpassed $1 million in low-interest emergency loans for small businesses hurt by COVID-19. As of July 24,...

Providence Business Loan Fund greenlights first COVID-19 emergency loans

PROVIDENCE - The Providence Business Loan Fund board of directors on Thursday unanimously approved up to $310,000 in low-interest emergency loans to four city...
PROVIDENCE MAYOR JORGE O. ELORZA touted the accomplishments his administration has overseen in his "State of the City" address on Monday night. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

Providence expands business loan fund to help companies hurt by COVID-19

PROVIDENCE – The city of Providence is temporarily changing the terms of its business loan fund to help more businesses come up with the...
BUSINESS EXPANSION: Thomas Hoagland, executive director of the Providence Business Loan Fund, speaks with Kathy Cosentino, assistant director for business development. 

Five Questions With Thomas Hoagland

5Q: Thomas Hoagland | Executive director, Providence Business Loan Fund 1. How many active loans does PBLF have, and what are they worth collectively?...
RUNNING SMOOTHLY: Greek market and café Yoleni’s co-owners Alexandra Georgiou Philippides, with her sons Jimmy Philippides, right, and John Philippides. The restaurant opened on Westminster Street in downtown Providence last spring.

Yoleni’s offers taste of Greece

What does it take for a new restaurant to survive? Before anything else, hard work, says Alexandra Georgiou, who opened Yoleni’s in downtown Providence...
FAVORABLE CHANGES: Rick Simone, executive director of the Federal Hill Commerce Association, said merchants in the Federal Hill section of Providence are pleased with changes to the city’s licensing and permitting system that have made the process faster and easier, adding the city’s Board of Licenses has been more responsive to merchant concerns.

Providence mayoral candidates vie for pulse on small businesses

It may be hard to think of the many rundown and abandoned houses that have tarnished Providence’s neighborhoods in the context of small business...

Once-embattled city loan fund on firmer ground

Tom Hoagland is the first to admit the Providence Business Loan Fund he leads as director has a checkered history and limited hopes of...

Loan fund in search of borrowers

Providence Mayor Jorge O. Elorza took a victory lap of sorts recently, visiting three companies that have been beneficiaries of loans from the Providence...
PROVIDENCE MAYOR Jorge O. Elorza said the Providence Business Loan Fund was revamped under his administration and the program so far has provided more than $2.4 million in loans to local small businesses duriing his administration. / PBN FILE PHOTO/MICHAEL SALERNO

Elorza emphasizes Providence business loan program

PROVIDENCE – Mayor Jorge O. Elorza recently toured local businesses helped by the Providence Business Loan Fund. Elorza, running against two democratic challengers in the...
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