Dozens of Warren businesses received PPP loans amidst Covid hardship

Posted 7/16/20

At least 15 Warren businesses and non-profits, out of more than 2,000 across the state, received loans of at least $150,000 from the federal Paycheck Protection Program to help pay employees during …

This item is available in full to subscribers.

Please log in to continue

Log in

Not a subscriber?


Start a Subscription

Sign up to start a subscription today! Click here to see your options.

Purchase a day pass

Purchase 24 hours of website access for $2. Click here to continue

Day pass subscribers

Are you a day pass subscriber who needs to log in? Click here to continue.


Dozens of Warren businesses received PPP loans amidst Covid hardship

Posted

At least 15 Warren businesses and non-profits, out of more than 2,000 across the state, received loans of at least $150,000 from the federal Paycheck Protection Program to help pay employees during the Coronavirus outbreak. 

The loans were part of the federal government's CARES Act, and will be forgiven if the business which received them maintain their employees and pledge not to reduce salaries. Funds can also be used for rent, utilities, mortgages and other expenses. 

Here is a list of the Warren-based businesses that were approved for a loan, according to data released by the U.S. Small Business Administration. Sixteen other businesses were listed as being beneficiaries, but the data did not show an approval date for the loan and they are not included in this list.

* Bridan Corporation, 160 Franklin St. Loan range $150,000 to $350,000;

* Warren Electric Corp., 36 Franklin St. Loan range $150,000 to $350,000;

* Warren Dental Associates, 634 Main St. Loan range $150,000 to $350,000;

* Creative Connection, 84 Cutler St., Loan range $150,000 to $350,000;

* Sagamore Sales and Marketing, 569 Main St., Suite 201. Loan range $350,000-$1 million;

* Taylor Box Company, 293 Child St. Loan range $350,000-$1 million;

* O&G Studio LLC, 30 Cutler St. Loan range $150,000 to $350,000;

* Waterfront Investments LLC, 215 Water St. Loan range $150,000 to $350,000;

* The Corliss Institute, 290 Main St. Loan range $150,000 to $350,000;

* Choice Collison Center Inc., 2 Industrial Way. Loan range $150,000 to $350,000;

* Magnetic Seal, 365 Market St. Loan range, $1-$2 million;

* WaterRower Inc., 560 Metacom Ave. Loan range $1-$2 million;

* Blount Boats, 461 Water St. Loan range $350,000-$1 million;

*East Bay Educational Collaborative, 317 Market St. Loan range $350,000-$1 million.

* Phoenix Times Publishing, 1 Bradford St., Bristol. Note: Though this is a Bristol business, it is listed here as it is the parent company of the Warren Times-Gazette.

2020 by East Bay Newspapers

Barrington · Bristol · East Providence · Little Compton · Portsmouth · Tiverton · Warren · Westport
Meet our staff
Mike Rego

Mike Rego has worked at East Bay Newspapers since 2001, helping the company launch The Westport Shorelines. He soon after became a Sports Editor, spending the next 10-plus years in that role before taking over as editor of The East Providence Post in February of 2012. To contact Mike about The Post or to submit information, suggest story ideas or photo opportunities, etc. in East Providence, email mrego@eastbaymediagroup.com.