Apply for SBA loan

 

 

Looking for a CARES Act SBA 7(a) / PPP loan to get you back on your feet?

 

When can I apply for a PPP loan?

  • April 3rd for small businesses and sole proprietor ships
  • April 10th for independent contractors and self-employed

 

Where do I apply?

Many banks, credit unions, and other FDIC-insured financial institutions are eligible to participate in the CARES Act SBA 7(a) PPP loan program. Some may initially just work with their current banking customers and then expand to others, whereas some may accept anyone. 

In addition to traditional financial institutions, there are other financial institutions and non-bank SBA lenders who are building portal sites for processing PPP applications. But as of 4/2/20, none of those are live yet.

 

What if my bank isn’t participating and I still want to apply for a PPP loan?

We can email you when we become aware of other options that become available. Right now with the rules just being put in place on 4/2/20, many lenders need time to build out their systems.

 

Note: PPP loans may be forgiven. Traditional 7(a) are not forgivable and carry higher interest and stricter underwriting standards.