Traditional SBA loan funding for R.I. small businesses more than doubles in FY21

PROVIDENCE – Rhode Island small businesses got more than double the money through traditional, U.S. Small Business Administration loans in fiscal year 2021 compared to the prior year, the SBA announced on Monday. The SBA funded $171.1 million in loans for Rhode Island small businesses through its traditional, non-COVID programs in fiscal 2021, which ended…

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