COVID-19 (Coronavirus) Outbreak Update

PPP Loan Forgiveness Information

The SBA recently announced a PPP “forgiveness” program and Washington Trust is here to help. We want to make this process as easy as possible for PPP borrowers, so we’ve developed a secure, easy and convenient online application. We recommend you do not complete the PDF application on the SBA’s website, or respond to any other requests to apply for forgiveness. Click here for more information about the PPP forgiveness program, process and documentation needed >>>

We thank you for your patience as we work to help all borrowers during these difficult times. If you have any questions, please contact your lender, your local branch our call us at 800-475-2265.

SBA Paycheck Protection Program

Washington Trust is a Preferred SBA 7A lender and has recently provided Small Business Administration (SBA) Paycheck Protection Program (PPP) loans for thousands of businesses in the Rhode Island, Connecticut, and Massachusetts area. While PPP funding is still available, we invite existing Washington Trust customers to contact their loan officer or local branch if they are interested in applying for a PPP loan.

Per the current SBA guidelines, we will require the following information to process your loan request:

  1. Calculate the amount of your loan request based upon your Payroll Costs
  2. Provide us with the Required Documents needed to verify the loan amount requested

Funding is limited and we can give no assurance that the application will be issued a loan number by the SBA. We appreciate your patience as we work to help you, and other borrowers, during these difficult economic times.

What can I use a PPP Loan for?

  • Payroll costs, including benefits;
  • Interest on mortgage obligations, incurred before February 15, 2020;
  • Rent, under lease agreements, in force before February 15, 2020; and
  • Utilities, for which service began before February 15, 2020

Note: Not more than 25% of the forgiven amount may be used for non-payroll costs.

Customer Solutions Center

(800) 475-2265

Telephone Banking available 24/7 at

(800) 226-5877

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