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Rhode Island Governor and Goldman Sachs Announce Loan Fund to profit State’s Smaller Businesses

Rhode Island Governor and Goldman Sachs Announce Loan Fund to profit State’s Smaller Businesses

PROVIDENCE, R.I., April 13, 2020 /PRNewswire/ — Governor Gina M. Raimondo announced today that Goldman Sachs has committed ten dollars million for loans for smaller businesses in Rhode Island via a partnership with Rhode Island Commerce Corporation in accordance with Community Reinvestment Fund (“CRF”), the biggest non-profit, non-bank SBA 7(a) loan provider in the nation. Applications are becoming accepted and may be located by visiting www. Commerceri.com.

96% of most continuing organizations in Rhode Island are small enterprises, and Rhode Island continues to deliver resources to its entrepreneurs.

“I would like to thank Goldman Sachs to make this amazing dedication to Rhode Island, ” said Governor Gina M. Raimondo. “The decisions we’ve had which will make to help keep Rhode Islanders safe through this crisis have experienced an impact that is overwhelming our economy, specially our small enterprises. It’s urgent that individuals offer quick solutions that bring required resources to the businesses that are small. I really hope this statement provides relief that is additional our devoted small enterprises. ”

“We have actually very long held Rhode Island among the most readily useful types of a business success tale, by having an incredibly inspired pair of business owners and incredibly strong support from elected leaders, ” said Goldman Sachs’ Executive Vice President John Rogers. “Through this partnership with Gov. Raimondo and lenders that are mission-driven CRF, our company is going online payday NH as quickly as we could to simply help secure the futures for small enterprises over the Ocean State.

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