Lenders Currently Accepting SBA PPP Loan Applications

UPDATE: Congress recently approved an additional $310 billion in funding to restore the PPP Program, which had run out of money.

This situation is changing rapidly. Therefore, it is intended for information only and is not intended to provide, nor should be relied upon for, lending advice. Please consult with your banking or lending institution for the most current information.

Bank of America - To be eligible for a Paycheck Protection Program loan, you must have either:

  • A small business lending and small business checking relationship with Bank of America as of February 15, 2020, or
  • A small business checking account opened no later than February 15, 2020, and no business credit or borrowing relationship with another bank.

If you meet these requirements, you can apply online.

Capital One - According to Capital One’s website, they are accepting online applications in phases from their business banking clients only. Business owners must have an established business banking relationship with Capital One as of February 15, 2020, in order to apply.

Chase - The bank is accepting applications only for customers who have an existing Chase Business checking account that’s been active since February 15, 2020.

Citibank: Citibank is accepting a small number of applications by contacting current Citi Small Business Banking customers and letting them know when they’re ready to take their information. Fill out an inquiry form online to make sure Citibank has your updated email address so the bank can contact you.

U.S. Bank: The bank’s site says it has begun to accept digital applications from single-owner businesses and will reach out to reach out to multi-owner businesses, independent contractors and non-profits. It also says at some point it plans to accept applications from non-U.S. Bank customers. Qualified parties can fill out the online inquiry form.

Wells Fargo: Here is a link to Wells Fargo PPP site. This link will give you the most current information on this program so check here for updates -https://update.wf.com/coronavirus/paycheckprotectionprogram/?_ga=2.250156294.1657799926.1585930904-1876899321.1585930904

Sunrise Banks is now accepting PPP loan applications on its site. You can apply here.

Silicon Valley Bank, or SVB, is participating in the SBA PPP loan program, and expects to begin accepting applications on Tuesday, April 7.

Ameris Bank is currently accepting PPP loan applications on its site. The bank services Alabama, Florida, Georgia, and South Carolina, and has mortgage-only locations in Alabama, Georgia, Florida, South Carolina,North Carolina, Virginia, Maryland, and Tennessee.

PNC Bank is currently accepting PPP loan applications from applicants with an existing business deposit or lending relationship with PNC, according to its site.You can apply here.

Atlantic Capital Bank, based in Atlanta, is now accepting applications from existing customers.Applicants who are current clients and filled out an information request should now get emails with the application.

BancorpSouth: According to its website, BancorpSouth will only be accepting applications from existing business deposit and/or loan customers with accounts open as of March 31, 2020.  

BankUnited: The Florida-based bank is accepting applications for the Paycheck Protection Program from existing business banking customers.

Blue Ridge Bank, based in Virginia, has now opened up its PPP loan application process. Those with an account at BlueRidge can apply here.

Celtic Bank, based in Salt Lake City, is accepting PPP loan applications on its site.

CenterState Bank: Interested parties can register their interest and they will be contacted when applications are being accepted. CenterState has locations in Alabama, Florida and Georgia.

Centric Bank: The Pennsylvania-based community bank is accepting applications. You do not need to be a customer to apply, but the website states the bank is only servicing businesses in Central Pennsylvania; Philadelphia and its suburbs; Southern New Jersey; and Cherry Hill, New Jersey.

CIT: CIT, which recently acquired Mutual of Omaha Bank, is currently not accepting additional applications for Paycheck Protection Program loans. It was previously processing applications from existing business clients that have been customers since February 15, 2020, and have a business operating account, along with treasury management services, or a loan.

Citizens Bank: Existing Citizens Bank business customers can submit an online application for a Paycheck Protection Program loan. But the bank notes funding is not guaranteed as the original stimulus funding has been depleted.

Comerica Bank: The bank is not accepting applications yet, but existing customers who fill out an online form requesting information will be notified when the application process is open.

Fifth Third Bank: The bank was accepting applications from current customers but notes that funding is not guaranteed as the original stimulus funding has been depleted.

FirstBank: FirstBank has locations in Arizona, California and Colorado. The bank’s website says it’s accepting applications from current commercial customers of FirstBank whose accounts were opened prior to April 1, 2020. Applicants must submit all required documents online.

FirstHome Bank: The Tampa Bay, Florida-based community bank is no longer accepting applications for Paycheck Protection Program loans. But you can submit your information to be notified if it resumes taking applications.

First Commonwealth Bank is accepting applications from existing business customers. You can apply here.

First Horizon: First Horizon has about 250 locations across the Southeast and will be expanding its ability to provide Paycheck Protection Program loans. The bank is accepting applications from current banking customers. Contact your banker to begin the process or submit an appointment form.

Fulton Bank: Fulton Bank has over 250 locations in Delaware, Maryland, Pennsylvania, New Jersey and Virginia. The bank’s website says it is holding applications until additional funding is available.

KeyBank: The Cleveland-based bank’s website says that it’s “making essential updates to improve the Paycheck Protection Program application experience.”

M&T Bank: The bank was accepting applications from M&T customers only. This includes those who used a personal checking account for their business, as long as the business was operating as of February 15, 2020.

Midwest BankCentre: The Missouri bank was accepting applications only for St. Louis City, St. Louis County, St. Charles County and Jefferson County customers.

Old National: A community bank based in Evansville, Indiana, Old National is only accepting applications from existing customers with an active account or loan prior to March 31, 2020. To apply, contact your Old National commercial loan officer.

Peapack-Gladstone Bank: According to its website, the New Jersey-based bank is accepting applications only from existing clients. To begin the application process, reach out to your Peapack-Gladstone banker or contact your local branch.

Pinnacle Bank: Community bank Pinnacle has branches in North Carolina, South Carolina, Tennessee and Virginia. Its website says that existing clients can contact their Pinnacle financial advisor or closest branch to apply.

PNC Bank: You must have an existing business deposit or lending relationship with PNC to submit an application. Business banking clients must also be enrolled in online banking in order to apply.

Silicon Valley Bank: This tech-focused commercial bank says it is now accepting applications, and existing clients should have received an email from the bank indicating that the online application is ready.

Stearns Bank: Stearns’ website says it has paused accepting applications.

Sunrise Banks: They are actively accepting applications, and the website specifically states that you do not have to be an existing Sunrise Banks customer to apply. Fill out an application and submit it, along with the required documentation noted online, to PPP@SunriseBanks.com.

TD Bank: According to its website, the bank is only accepting applications from existing business customers with a deposit account at TD Bank.

Truist: Formed when SunTrust and BB&T banks merged, Truist is now accepting Paycheck Protection Program applications from existing business deposit and loan customers (including SunTrust and BB&T customers). Truist will email a link to applicants after they enroll in Paycheck Protection Program alerts.

Umpqua Bank: Has been an approved lender for the PPP loans. One of the first banks on the west coast to accept applications. They have mentioned things are changing moment by moment so current and prospective Umpqua Bank customers can submit an online interest form to be notified if they are accepting applications.

Univest Bank and Trust Co.: Pennsylvania-based Univest says on its website that it is only accepting applications from existing customers. Those who fit the criteria should fill out the application available on the U.S. Department of the Treasury’s website and submit it along with supporting documents to PPP@univest.net.

West Town Bank & Trust: This Michigan community bank is no longer accepting loan applications.

America First Credit Union: The Utah-based credit union is only accepting applications through its website from existing credit union members with a business owner account. You can join the credit union, set up a business account and apply for a Paycheck Protection Program loan, but that will be a longer process than applying as an existing customer.

Fountainhead SBF: a nonbank lender, is also accepting PPP loan applications. According to its site, Fountainhead is one of only 14 nonbank lenders licensed to make SBA 7(a) loans. You can apply for the loan on its site.

Key Point Credit Union:If you experience financial difficulty due to COVID-19 and are unable to make your payment, KeyPoint Credit Union is here to help.  Please contact the Commercial Lending Team at (408) 731 4303, or email them at businessinquiry@kpcu.com. As a SBA Preferred Lender, they accept Paycheck Protection Program applications.  To learn more, see the program page

Meriwest Credit Union: Business owners can contact Michael Luong at: mluong@meriwest.com

Ready Capital: a nonbank lender, is accepting inquiry forms for applications on its website.

Navy Federal Credit Union: Navy Federal says it is accepting applications only from members with existing business accounts. To apply, view the application requirements. Navy Federal is currently not taking on new business members.

Pentagon Federal Credit Union: Widely known as PenFed, this credit union is not offering Paycheck Protection Program loans.

Excite Credit Union: established a partnership with Kabbage for PPP application: https://partner.kabbage.com/sba-excite-credit-union. FAQ:  https://www.excitecu.org/ACU/media/Emerge_ACU/HomeBanner/Kabbage-PDF.pdf

Fountainhead: As a nonbank lender licensed to make SBA 7(a) loans, Fountainhead will take applications from any small business, not just existing customers. You can make a loan request online as the first step in the application process.

Intuit/QuickBooks Capital: The maker of accounting, tax and budgeting software has received SBA approval to serve as a lender for PPP loans. The company expects to accept applications starting in mid-April. You can fill out a request form to be notified when the application process is open.

PayPal Holdings: Also approved by the SBA as a nonbank lender, PayPal is now accepting applications for Paycheck Protection Program loans. PayPal is working with WebBank as its partner lender.

Ready Capital: This commercial lender says on its website that it is now providing Paycheck Protection Program loans. Interested businesses can start the process with a preliminary online form.

Square Capital: Although Square is best known for its point-of-sale software, the company received SBA approval to accept applications for Paycheck Protection Program loans. Its website says that it’s still finalizing details before making loans, but current Square customers will be notified when the program is live. If you’re not yet a customer, you can sign up for a Square account to receive updates on the program.


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