RI CAP: Added Collateral to Enhance Your Small Business Loans

As You Help Your Customers Re-Open:

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The Rhode Island Capital Access Program (RI CAP) is an easy-to-use Main Street and small business loan program from $1,000 to $750,000 for Rhode Island businesses.

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RI CAP provides additional cash collateral to lenders seeking to help their clients re-open.
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Very little paperwork + Simple to use + Cash reserves = Makes borrowers and lenders Very happy!
  • Use your own bank application, approval procedures, and forms.
  • Negotiate your own interest rates, points, and fees.
RI CAP helps to mitigate risk on small business loans for participating financial institutions by providing additional cash collateral to help secure these critical loans to companies in need.
  • RI CAP simplifies borrowing for local businesses and provides access to bank loans that might otherwise not exist.  Twenty banks and credit unions have partnered to loan money to companies in need in Rhode Island.
  • RI CAP can be used for term loans and lines of credit to both for-profit and non-profit businesses with fewer than 200 employees located in RI.  The participating financial institution negotiates the loan terms directly with the borrower.  BDC Capital processes the collateral deposits for the lenders in participation with the State of RI.  To enroll a loan, the lender simply completes a two-2-page enrollment form and then uses their own approval and closing documentation.
  • RI CAP is a great tool for banks and credit unions to attract new business customers to their lending institutions.

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Recent 2020 Deals:
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The RI CAP 20 participating institutions:
BankFive
BankNewport
BayCoast Bank
Berkshire Bank
Bristol County Savings Bank
Centreville Bank
Freedom National Bank
Greenwood Credit Union
HarborOne Bank
Home Loan Investment Bank
Mechanics Cooperative Bank
Navigant Credit Union
North Easton Savings Bank
Pawtucket Credit Union
Peoples Credit Union
Radius Bank
Rhode Island Capital Corp.
Rockland Trust Bank
Washington Trust Company
Westerly Community Credit Union
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For more information on the Rhode Island Capital Access Program, please contact:

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Carol Cedrone Brennan
401-450-0047
413-237-6648 mobile
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Dave Harrington
781-928-1117
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