Tag: Small Business Administration
Bottleneck continues as businesses seek government relief loans
NEW YORK (AP) – Banks trying to submit applications for thousands of small businesses seeking coronavirus relief loans have hit a bottleneck for a...
R.I. businesses approved for $22.6M in economic injury loans
PROVIDENCE - Rhode Island small businesses and nonprofits have been approved for 142 loans totaling $22.6 million for economic losses associated with COVID-19 as...
NFIB: On day PPP was depleted, 80% of small businesses were...
PROVIDENCE – A new survey from the National Federation of Independent Business found that as of April 17 nearly 80% of small-business owners that...
AP: Publicly traded firms get $300M in small-business loans
Companies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving...
SBA approves $4.7M in Economic Injury Disaster Loans for R.I. applicants
PROVIDENCE – Ninety-two Rhode Island small businesses and nonprofits have qualified for a combined $4.7 million loans through the Small Business Administration’s Economic injury...
Ponte Investments refutes charge it misrepresented role as lender
WEST WARWICK – Ponte Investments LLC is refuting Federal Trade Commission charges filed Friday against the company that it falsely claimed to be a...
West Warwick company charged with falsely claiming to be an SBA...
WEST WARWICK – The Federal Trade Commission has filed a complaint against Ponte Investments LLC, alleging that the company has falsely claimed to be...
Business owners left out as lending program goes on hold
NEW YORK (AP) – The government’s lending program for small businesses is tapped out, leaving business owners who still need loans waiting for Congress...
PBN Summit: Experts grapple with uncertainty in coronavirus relief programs
How to get federal financial aid, how to spend the money properly and how to mop up after the money is gone or the...
SBA processes $1.3B for R.I. small businesses as PPP program nears...
PROVIDENCE – The Rhode Island District Office of the U.S. Small Business Administration has processed more than 8,700 Paycheck Protection Program loans for roughly...
