Relief Bill: PPP Round 3
Relief Bill: PPP Round 3
Washington Trust Bank is now accepting applications for Paycheck Protection Program (PPP) first draw and second draw loans.
Continue to visit this page for the latest information and guidance from the Small Business Administration (SBA) and to access helpful tools and resources for the PPP loan application process.
PPP Loan Application Details
First Draw Borrowers
This PPP Round 3 loan option is for businesses who have not previously obtained a PPP loan through the CARES Act.
Second Draw Borrowers
The SBA has authorized certain borrowers who have already obtained a first draw PPP loan through the CARES Act to apply for a second draw loan through the new Relief Bill.
Don't have a Washington Trust deposit account?
New PPP borrowers that apply through Washington Trust are required to establish a business deposit account where loan funds will be deposited. Contact a banker or our Priority Service team to get started!
PPP Application Portal
Apply for a PPP first draw or second draw loan through Washington Trust’s application portal.
Washington Trust Bank’s PPP loan application portal is currently unavailable. We are working to resolve the issue.
To apply for a PPP loan with Washington Trust, you must operate your business in the communities we proudly serve – Washington, Oregon or Idaho.
All PPP loans are subject to final approval by the SBA and the borrower certifying they have met all the SBA conditions and requirements.
Relief Bill Resources
Interim Final Rules Summary
A summary of the Small Business Administration’s (SBA) Interim Final Rules (IFRs) for PPP first draw and second draw loans.
Download Summary
Stay Informed: Watch Video Updates
Washington Trust Bank President and COO, Jack Heath, shares the latest guidance from the SBA on PPP first draw and second draw loans.
