• RI CAP for Businesses Impacted by Newport County Gas Outage

    RI CAP for Businesses Impacted by Newport County Gas Outage
    Many small business owners in Newport County are among the 7,000+ people affected by the gas outage that is expected to last 7 days. The Rhode Island Capital Access Program (RI CAP) can offer these community businesses financial options and accessible capital as they work towards recovery.
    For businesses in Newport and Middletown, RI CAP is a great option for those who may need increased capital or credit lines due to their businesses being shut down or impacted. Businesses looking for this assistance can go directly to any local bank or credit union participating in the RI CAP program. Those 20 lenders include:
    Baycoast Bank
    Bristol County Savings Bank
    Centreville Bank
    Freedom National Bank
    Greenwood Credit Union
    HarborOne Bank
    Home Loan Investment Bank
    Mechanics Cooperative Bank
    Mutual Bank
    Navigant Credit Union
    Pawtucket Credit Union
    Peoples Credit Union
    Radius Bank
    Rhode Island Capital Corp.
    Rockland Trust
    Savings Institute Bank & Trust
    Washington Trust Company
    Westerly Community Credit Union
    RI CAP is part of Commerce RI’s Small Business Assistance Program (SBAP) with funding from the State’s Treasury. BDC Capital, and its affiliate RI Capital, administers the Program. RI CAP is a resource and option available to these businesses at this difficult time, especially with the added challenges of operating a small business in the face of being without gas for heat and power.
    Business owners who need further information on lenders can contact:
    Carol Brennan cbrennan@bdcnewengland.com (w) 401-450-0047 (m) 413-237-6648
    Dave Harrington dharrington@bdcnewengland.com 781-928-1117

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