Small Business Loan Fund
Rhode Island Commerce’s Small Business Loan Fund helps level the playing field and aims to fill the gap in financing that small and mid-sized businesses face.
If your small business needs a direct, fully secured loan, the Small Business Loan Fund provides loans from $100,000 up to $500,000 for working capital to existing manufacturing, processing and selected service businesses. Additionally, manufacturers seeking to finance the acquisition of land, buildings and equipment may qualify for loans in excess of $500,000.
Interest rates are fixed, repayment terms are flexible and there’s an expectation that at least one job will be created for each $50,000 you borrow.
