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

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...
Peter ­Boumgarden

For 35M small businesses, tariff uncertainty hits especially hard

Imagine it’s April 2025 and you’re the owner of a small but fast-growing e-commerce business. Historically, you’ve sourced products from China, but the president...

BankNewport selected as Legacy Builder Sponsor of National Small Business Week...

PROVIDENCE – BankNewport has been selected by Skills for Rhode Island’s Future and the U.S. Small Business Administration as the Legacy Builder Sponsor of National...

Robert Piechota was appointed district director of the U.S. Small Business Administration’s Rhode Island district office in September. He joined the agency in 2019 as branch manager of the Long Island, N.Y., office and spent two years as deputy district director for Delaware’s district office. / PBN PHOTO/MICHAEL SALERNO

Fear and ego stall success

Robert Piechota | U.S. Small Business Administration Rhode Island district director I have found that there is one key trait shared by successful business leaders....

Many businesses can’t meet new PPP guidelines

The newly reopened Paycheck Protection Program sought to eliminate logistical hurdles and overly restrictive rules from its prior iteration, but some say it’s still...

PPP, EIDL AND MORE: WHAT’S NEW AND WHAT’S NEXT

THE RECENT PASSAGE OF THE ECONOMIC AID ACT BROUGHT WITH IT SEVERAL UPDATES TO PPP, PPP FORGIVENESS, EIDL AND OTHER COVID RELIEF PROGRAMS. PLEASE...

Rhode Island Foundation promotes Claudia Cornejo to lead economic security

Claudia Cornejo has been appointed a strategic initiative officer at the Rhode Island Foundation, where she will lead the Foundation’s activities and grant-making for...
Christopher Carlozzi

The $2 trillion CARES Act could provide lifelines for small business

Many small businesses breathed a sigh of relief when Congress passed the $2 trillion CARES Act to help prevent them from going under during...
THE WASHINGTON TRUST CO. is one of the lenders preparing for heavy demand from small businesses looking to participate in the federal Paycheck Protection Program, starting Friday. / PBN FILE PHOTO/SCOTT KINGSLEY

Stressed local bankers brace for overwhelming demand for new SBA loans...

PROVIDENCE – Local bankers are expecting an onslaught of demand from struggling small businesses looking to get a piece of the nearly $350 billion...

PBN to host health care webinar on the coronavirus

PROVIDENCE – Providence Business News will host a free virtual summit on April 1 on what businesses need to know about the global COVID-19...
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