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Rhode Island Superior Court Business Recovery Plan

Providing Temporary Relief for Businesses Affected by COVID-19

Presiding Justice Alice B. Gibney has announced the start of a business protection program, the Business Recovery Plan, in response to disruptions caused by COVID-19. The court will provide supervised protections for Rhode Island businesses so they can remain operational, access new working capital, and pay debts.

The court will use a non-liquidating receivership model, which will keep the business and its assets intact. The court will appoint a receiver to oversee the preparation of an operating plan for businesses in the program. Once new working capital is accessed by the business—such as disaster relief or small business assistance—it will be able to maintain operations, address its debts, and begin to generate revenues again.

The COVID-19 pandemic is disrupting, and in some cases, forcing businesses to close, which negatively impacts the state’s economy. Businesses that were not in default on its debts prior to the pandemic are eligible to file a petition with the Superior Court and will be assigned to the business calendar.

For additional information, visit the Rhode Island Judiciary website.

Rhode Island Foundation COVID-19 Response Fund Grants

COVID-19 Response Fund Grants are available to Rhode Island nonprofit organizations at the forefront of COVID-19 response, thanks to many generous donors, and a partnership between the Rhode Island Foundation and United Way of Rhode Island.

Grants are ongoing. Grants will be awarded to:

  1. Support non-profit organizations providing direct assistance to Rhode Islanders with financial need or demonstrable hardship resulting from COVID-19
  2. Provide operating support to non-profit organizations that are meeting community needs resulting from COVID-19, and are in financial distress
  3. The grants will aim to complement the work of public health officials by expanding local capacity to address the outbreak’s social, health, and economic impacts in the short and long term

How to apply:

To apply, please submit a completed application form, a copy of your organization’s current operating budget, and if this is your first time applying for Rhode Island Foundation or United Way funding, please provide a copy of your IRS Tax-Exempt Determination letter. Submit all three items through our online system. The application requires brief narrative responses to four questions:

  1. Please describe the services you provide and the community you serve, including any vulnerable populations (seniors or older adults, homeless, low income, foster youth, etc.).
  2. Briefly describe how COVID-19 has affected the community that you serve.
  3. Briefly describe how COVID-19 has affected your organization. Do you expect this to be a short- or long-term impact?
  4. Please describe how you will use the funds that you are requesting to meet increased community need due to the COVID-19 crisis in Rhode Island. Please include how many people or households you estimate your organization would be able to assist with this funding, including estimates of vulnerable populations.

For updates and additional information, visit the Rhode Island Foundation website.

Rhode Island Pawtucket Business COVID-19 Emergency Loan

The city of Pawtucket offers businesses located within the city low-interest financing through Pawtucket’s Business Development Corporation (PBDC). This unique financing tool offers loans to small businesses operating in the city of Pawtucket that have been negatively affected by the outbreak of COVID-19 virus. Retail, commercial, and entertainment businesses that rely on customers making purchases at their establishments are especially affected; this program is designed to provide relief to those types of businesses. Businesses must demonstrate hardship caused by the COVID19 virus outbreak.

Under this program, the PBDC will provide emergency micro-loans to businesses negatively affected by the COVID-19 outbreak. Businesses with 25 or fewer employees are eligible to apply for funds, which will be used to pay for normal businesses expenses that have been made more difficult due to declining revenues caused by the COVID-19 outbreak. Businesses may apply for up to $10,000 in funds under this loan program. Businesses must have a physical location in the city of Pawtucket and have experienced a loss of income due to COVID-19. Funding is limited and applications will be accepted on a rolling basis.

The PBDC will be offering COVID-19 Emergency Three-Year Term Loans at a 2% interest rate. Due to the ongoing effects of the outbreak, loan repayment will be deferred for the first 12-month period after the loan is administered. Businesses will begin monthly loan repayments on month 13. After repayment begins, businesses shall have two years (24 months) to complete full repayment of the loan.

Eligible business:

  • Retail
  • Wholesale
  • Service
  • Entertainment
  • Restaurant and bar


Small businesses, meeting the criteria stated above, that have experienced 30% or more loss in revenue due to the COVID-19 outbreak, are eligible to apply for this emergency loan. Funds may be used for operating expenses for running day to day business operations including but not limited to covering payroll and rent. Businesses that are chains or franchises are not eligible to apply to this program. Loan funds are for commercial purposes only. Funds cannot be used for equipment purchases, construction, or expansion related costs.

Review the application here: Pawtucket's Business Development Corporation Emergency Loan Program.

For additional information and updates, visit the City of Pawtucket website.

Additional Resources for the State of Rhode Island:

Visit our Economic Resources and Relief Guide to review nationwide and statewide opportunities for businesses, non-profits, and individuals.

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