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Low-Interest Federal Disaster Loans for Small Businesses


According to an email from Supply RI- RI Commerce, 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.

Continue to monitor the RI Commerce website  https://commerceri.com/covid-19/ for new documents and information.