SBA Payment Relief
The resources on this page are to help you better understand the recently enacted Economic Aid Act and the payment benefits it contains for select borrowers.
This information will only affect borrowers who have a Small Business Administration (SBA) 7 (a) loan with Washington Trust Bank.
This Act empowers the SBA to make additional loan payments on behalf of select SBA borrowers beginning February of 2021. If you are eligible, you will receive a letter from the SBA detailing what they will be doing to support your business.
Summary of Relief for SBA 7 (a) Loans
Washington Trust Bank, SBA Manager Doug Wolford gives a summary on the recently enacted Economic Aid Act.