Local lenders strapped for capacity as PPP opens to new applicants

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 – The initial surge in applications from small business owners clambering to get their shares of a federal payroll relief program have abated and local lenders are turning attention to closing agreements and depositing the money into the hands of borrowers. But another potential wrinkle in the already chaotic rollout of the U.S. Small…

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