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Rhode Island Foundation makes a $500,000 loan to Capital Good Fund

Rhode Island Foundation makes a $500,000 loan to Capital Good Fund

Funds will allow the lender that is nonprofit assist more Rhode Islanders with affordable loans for COVID-19 relief, transport, housing

The Rhode Island Foundation has produced $500,000 loan to Capital Good Fund. The Providence nonprofit will utilize the capital in order to make below-market, short-term loans to customers that do perhaps perhaps perhaps perhaps maybe not be eligible for a mainstream funding for costs pertaining to the crisis that is COVID-19 other key needs, such as for instance buying or restoring a motor vehicle and safety deposits.