Rhode Island § 42-64.25-2 § 42-64.25-2. Statement of intent.

Rhode Island Statutes

§ 42-64.25-2 — § 42-64.25-2. Statement of intent.

Rhode Island § 42-64.25-2

Title 42State Affairs and Government

Ch. 42-64.25Small Business Assistance Program

This text of Rhode Island § 42-64.25-2 (§ 42-64.25-2. Statement of intent.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 42-64.25-2 (2026).

Text

§ 42-64.25-2. Statement of intent.
The general assembly hereby finds and declares that small businesses are the economic
            backbone of the state and the source of a majority of new jobs. The general assembly
            further finds that too many such businesses often have difficulty obtaining capital
            from traditional banking organizations to start up, improve or expand operations.
            Providing greater access to capital would enable the formation and expansion of small
            businesses across the state and provide job opportunities to the state's citizens.
            The purpose of this act is to assist small businesses that encounter difficulty in
            obtaining adequate cr

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§ 42-64.25-2. Statement of intent.

The general assembly hereby finds and declares that small businesses are the economic backbone of the state and the source of a majority of new jobs. The general assembly further finds that too many such businesses often have difficulty obtaining capital from traditional banking organizations to start up, improve or expand operations. Providing greater access to capital would enable the formation and expansion of small businesses across the state and provide job opportunities to the state's citizens. The purpose of this act is to assist small businesses that encounter difficulty in obtaining adequate credit or adequate terms for such credit. Among the small businesses that this act aims to assist are minority business enterprises and women-owned business enterprises.