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Rhode Island SSBCI Loan Participation Program
Rhode Island's SSBCI Loan Participation Program supports participating lenders with state participation in eligible small business loans.
About this program
Rhode Island uses State Small Business Credit Initiative funding to support a Loan Participation Program that helps participating lenders provide credit to eligible small businesses. The program can participate in eligible loans used for working capital, equipment, real estate, and other business purposes, increasing access to capital for Rhode Island businesses and leveraging private financing.
Eligibility
Rhode Island small businesses seeking eligible financing through participating lenders under SSBCI rules.
Requirements
- Business must be located in Rhode Island.
- Applicant must qualify as an eligible small business under SSBCI rules.
- Loan must be originated by a participating lender.