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  • PPP Loans Are Still Available for Rhode Island Small Businesses


    paycheck protection program, ppp

    PPP Lending In Rhode Island

    As of June 20, the SBA has approved 16,620 PPP loans for over $1.8 Billion to Rhode Island small businesses. There is still approximately $127 Billion in PPP funding available but interested small businesses are advised to reach out to a lender as soon as possible. 

    Participating Lenders


    PPP Program Updates

    For more information about PPP loans and forgiveness attend the SBA's webinar tomorrow, Tuesday, June 23rd at 9:00am to discuss the recently passed PPP Flexibility Act, and what the changes in the Act mean for you and your small business. Additionally, the SBA will discuss loan forgiveness, the requirements, and what changed with the passing of the PPP Flexibility Act. There will be a brief overview, and plenty of time left for Q&A. To register for the training click the registration link below.

    Registration 


    PPP Applications and FAQs

    The recent passage of the PPP Flexibility Act has given borrowers more flexibility when applying for forgiveness. This includes extending the covered period to use of PPP funds, giving the option to spend more on allowable non-payroll costs, a new FTE safe harbor, and the EZ Loan Forgiveness Application.  For more info, click the links below or join us on the webinar tomorrow.”

    If you are unable to find a PPP Lender please contact the SBA Rhode Island District Office for assistance at RhodeIsland_DO@sba.gov.

    Borrower Application (Revised 06/12/20)

    How to Calculate Loan Amounts

    EZ Forgiveness Application


    Full Forgiveness Application

    PPP FAQs (Updated 05/27/2020)

    If you have any questions about any of the SBA services please contact the SBA Rhode Island District Office for assistance at RhodeIsland_DO@sba.gov.

     
     
     

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