Stressed local bankers brace for overwhelming demand for new SBA loans Friday

THE WASHINGTON TRUST CO. is one of the lenders preparing for heavy demand from small businesses looking to participate in the federal Paycheck Protection Program, starting Friday. / PBN FILE PHOTO/SCOTT KINGSLEY
THE WASHINGTON TRUST CO. is one of the lenders preparing for heavy demand from small businesses looking to participate in the federal Paycheck Protection Program, starting Friday. / PBN FILE PHOTO/SCOTT KINGSLEY
PROVIDENCE – Local bankers are expecting an onslaught of demand from struggling small businesses looking to get a piece of the nearly $350 billion the federal government has promised to distribute nationwide in the form of forgivable loans, starting Friday. “Stressful” is how Mark Gim, president and chief operating officer of The Washington Trust Co.,…

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