The City of Cranston's Revolving Loan Fund Program provides low-interest loans to new and existing businesses for equipment, renovations, job training, and working capital. The program has distributed over $4 million to companies, leveraging $26 million in additional investments and creating or retaining over 18,000 jobs. The program offers loans up to $200,000 with an average loan amount of $110,000.
Details
Subject
Revolving Loan Fund Program
Summary
The City of Cranston's Revolving Loan Fund Program provides low-interest loans to new and existing businesses for equipment, renovations, job training, and working capital. The program has distributed over $4 million to companies, leveraging $26 million in additional investments and creating or retaining over 18,000 jobs. The program offers loans up to $200,000 with an average loan amount of $110,000.