The Rhode Island Capital Corporation Loan Participation Program helps Rhode Island businesses grow and create jobs by offering financing at competitive terms. Loans range from $100,000 to $3 million, with a maximum loan term of 25 years and flexible purposes, including real estate and equipment purchases.
Rhode Island programs providing financial assistance for entrepreneurs
Rhode Island operates three SSBCI finance programs: one loan participation programs, one venture capital program and one capital access program. The state is partnering with the Rhode Island Commerce Corporation to administer the funds.
Featured state lenders
NCI Small Business Loan
Nectar Community Investments' small business loans offer flexible, innovative financing for small businesses. Loans range from $5,000 to $500,000 with terms of up to 5 years, competitive interest rates and no application fee.
Community Advantage Loan Program
Some business borrowers are not quite ready for traditional financing for a variety of reasons but have the character and experience needed to be successful. The Community Advantage program focuses on providing opportunity where opportunity may be limited. With a maximum loan amount of $350,000, a Community Advantage loan is ideal for start-ups as well as existing businesses.
RI SSBCI program details at a glance
State Small Business Credit Initiative (SSBCI) program administrator(s): Rhode Island Commerce Corporation