Rhode Island Recycled Metals LLC (RIR) is being sued for allegedly defaulting on loan payments. Signature Financial LLC is seeking $149,887 against RIR and co-owner Ralph Sevinor, as guarantor of the loan, for alleged breach of contract and default on the terms of the loan agreement after failing to make mandatory monthly payments in May, June and July of this year, according to a complaint filed in U.S. District Court in Rhode Island.
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