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SBA reports $1.8B in PPP loans for R.I. businesses with funding...

PROVIDENCE – Rhode Island small businesses have secured more than $1.8 billion in federal payroll relief, the U.S. Small Business Administration shared on Wednesday. The...

Local lenders report slowdown in PPP applications but increased anxiety over...

PROVIDENCE – The flood of applications from small businesses desperate for payroll relief has slowed to a trickle, local lenders say. But while demand for...

R.I. businesses secure $593M in second-round PPP funds as approval rate...

PROVIDENCE – After inundating local lenders with applications for federal payroll relief funds, demand for the U.S. Small Business Administration’s Paycheck Protection Program among...

Citizens provides $321M in PPP loans to 3,100 R.I. small businesses

PROVIDENCE – Citizens Bank has helped roughly 3,100 Rhode Island small businesses secure a total of $321 million in funding through the U.S. Small...

R.I. businesses secure $593M in second-round PPP funds as approval rate...

PROVIDENCE – After inundating local lenders with applications for federal payroll relief funds, demand for the U.S. Small Business Administration's Paycheck Protection Program among...

Five Questions With: Michael Clarkin

Michael Clarkin serves as senior vice president and corporate sales manager for The Washington Trust Co., where he has worked since 2010. He previously...
PLAYING IT SAFE: As hurt as his two Providence restaurants have been by the coronavirus panademic, James Mark says he won’t open his restaurants for dine-in service until there’s a vaccine, treatment or widespread testing. / PBN FILE PHOTO/MICHAEL SALERNO

Are we ready? Raimondo moves ahead with reopening R.I.

Mounting case counts, hospitalizations and deaths. Soaring unemployment claims and nose-diving tax revenue. Mysteriously high infection rates among Latinos. No matter what part of...
DENIED: Elyse Farnsworth, owner of Arrow Salon in Providence, tried to apply through Bank of America for a Paycheck Protection Program loan but was turned down because she did not have a line of credit with the bank. / PBN PHOTO/MICHAEL SALERNO

Certain businesses left behind in dash for stimulus loans?

Elyse Farnsworth was eagerly awaiting the rollout of the U.S. Small Business Administration’s Paycheck Protection Program. The hair stylist and owner of Arrow Salon LLC...

Local lenders prepare for fast and furious second round of PPP...

PROVIDENCE – “A breath of fresh air” is how Leland Merrill, chief lending officer and chief operating officer of BankNewport, described it when the...
FAR-FLUNG PANELISTS: Providence Business News’ Coronavirus Stimulus Program Summit took place online on April 16. The panelists were at separate locations during the event.

PBN coronavirus summit panel: Many do’s and don’ts in using stimulus...

Planning is crucial in business, and it has never been as difficult as it is now that the coronavirus pandemic has hammered the national...

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