Micro-Business Lending

Who Should Apply?

Eligible businesses include service, retail, and manufacturing companies that:

employ fewer than ten full-time employees and earn less than $250,000.00 annually

Credit history will not affect the ability to obtain a loan and collateral is not required of a business owner to move forward.


At least 30% of funds are set aside for women and minority-owned businesses.


Submit an inquiry to learn more by calling 401-272-2760.

COVID-19 Relief

Business owners like Ricky Bernard and Marcia Ricketts of Island House Restaurant on Broad Street in Providence were excited to reopen as quickly and safely as possible during the pandemic. They turned to PRF for an affordable micro-business loan to help the restaurant set up outdoor seating, plexi-glass shields, and an app for faster takeout ordering. Like the loan to Island House, PRF has Covid Relief Loans ranging from $500-$5,000 for any physical alterations needed to be compliant with the Rhode Island Department of Health and Commerce RI guidelines to re-open and continue to operate safely through all phases of the pandemic. Covid Relief Loans follow the same protocol as the micro-business loans above.

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