Local lenders scramble to process surge of SBA loan applications

1617 Mineral Spring Ave. (1974)OWNER: Pawtucket Credit UnionTENANT: Pawtucket Credit Union
PAWTUCKET CREDIT UNION has been among local lenders scrambling to process loan applications for a federal COVID-19 relief program. / PBN FILE PHOTO
PROVIDENCE – Questions continue to emerge as local lenders scramble to keep up with the flood of applications pouring in from small businesses seeking forgivable loans through the U.S. Small Business Administration’s Paycheck Protection Program. Among them: how exactly do the federally insured banks and credit unions close the loans that have been approved and…

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