The U.S. Small Business Administration has approved Governor Raimondo's application for assistance and will offer low-interest federal disaster loans for working capital up to $2 million to Rhode Island small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
Applicants may apply online, receive additional disaster assistance information, and download applications at: https://disasterloan.sba.gov/ela . Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance.
If your business has questions regarding SBA loans and access to capital, please call RI Commerce Small Business Hotline at (401) 521-HELP or e-mail info@commerceri.com.
