Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

List of lenders that are still accepting PPP applications

Find an SBA Preferred Lender in your state that's willing to work with new applicants.

Check out our full list of lenders See lenders
Get a PPP loan today Compare your options

PPP loan applications limited

The Paycheck Protection Program (PPP) ran out of general funds on May 5. However, applications are still open through participating CDFIs until the program closes on May 31, 2021. Use the SBA lender match tool to get in touch with a local CDFI that is still accepting applicants.

The Economic Aid Act passed in late December 2020 launched a new round First Draw and Second Draw PPP loans. The SBA first rolled out applications through community lenders before it became available through all eligible providers on January 19, 2021. First Draw loans are available for first-time borrowers, and businesses that got a PPP loan can apply for a Second Draw loan until May 31, 2021

Are these SBA Preferred Lenders accepting new PPP applications?

Find an SBA-approved PPP lender.

America First FCU

Yes

Yes

Must sign up for a business account or be an existing account holder

Ameris Bank

Yes

Yes

Must be a previous Ameris borrower or located in the five-state commercial region

Atlantic Capital Bank

Yes, until March 12, 2021

No, will resume March 8, 2021

Must be an existing account holder

Bank of America

Yes

Yes

Must be an existing account holder with no business credit or borrowing relationship with another bank

Bank of Hope

Yes

Not stated

Must be an existing account holder

Bank of the West

Yes

Yes

Must be an existing account holder

BankUnited

Yes

Yes

Must be an existing account holder

BBVA

Yes

No, but will resume at a TBD date

Must be an existing account holder

Berkshire Bank

No, applications only available through partnership with TLS

Yes

Not stated

Byline Bank

Yes

No, will resume March 5, 2021

Must be an existing account holder

Cadence Bank

No, applications only available through partnership with Smartbiz

Yes

Must be an existing account holder

Capital One

Yes

No, but will resume at a TBD date

Must be an existing account holder

Cathay Bank

Yes

Yes

Must sign up for a business account or be an existing account holder

Celtic Bank

Yes

Not stated

Not stated

CenterState Bank

Yes

No, but will resume at a TBD date

Must be an existing account holder

Chase

Yes

No, but will resume in early March

Must sign up for a business account or be an existing account holder

Citizens Bank

Yes

Yes, but will be closed March 1 to March 5

Must sign up for a business account or be an existing account holder

Comerica Bank

Yes

No, but will resume at a TBD date

Must be an existing account holder before September 30, 2020

Customers Bank

Yes

Depends, won't process apps if you were handled by a fintech partner

Not stated

Falcon National Bank

Yes

Yes

Must be an existing account holder

Fifth Third Bank

Yes

No, but will resume at a TBD date

Priority given to existing account holders

First Citizens Bank

Yes

No, but will resume at a TBD date

Must be an existing account holder

First Commonwealth Bank

Yes

Yes, but recommends waiting for new guidance

Must be an existing account holder

First Financial Bank

Yes

No, but will resume at a TBD date

Must sign up for a business account or be an existing account holder

First General Bank

Yes

Not stated

Must sign up for a business account or be an existing account holder

First Home Bank

Yes

Yes

None stated

First Horizon Bank

Yes

No, but will resume at a TBD date

Must be an existing account holder

First IC Bank

Yes

Not stated

Must be an existing account holder

First National Bank of Pennsylvania

Yes

No, but will resume at a TBD date

Must sign up for a business account or be an existing account holder

First Savings Bank

Yes

Not stated

Not stated

Five Star Bank

Yes

Yes, but recommends waiting for new guidance

Must sign up for a business account or be an existing account holder

Fountainhead

Yes

Yes

Not stated

Frost Bank

Yes

No, but will resume at a TBD date

Must sign up for a business account or be an existing account holder

Fulton Bank

Yes

No, but will resume at a TBD date

Must be an existing account holder

Funding Circle

Yes

No, but will resume at a TBD date

Not stated

Hana Small Business Lending

Yes

Not stated

Not stated

Hanmi Bank

First Draw only

Yes

Not stated

Harvest Small Business Finance

Yes

No, but will resume at a TBD date

Not stated

Huntington National Bank

Yes

Yes

Must be an existing account holder

IncredibleBank

Yes

Not stated

Must be an existing account holder

Independent Bank

Yes

Yes

Not stated

KeyBank

Yes

No, but will resume in late February

Must sign up for a business account or be an existing account holder

Live Oak Bank

Yes

No, but will resume at a TBD date

Must be an existing account holder

M&T Bank

Yes

No, but will resume in late February

Must be an existing account holder

Metro City Bank

Second Draw only

Not stated

Must be an existing account holder

Northwest Bank

Yes

No, but will resume at a TBD date

Not stated

Open Bank

Yes

Yes

Not stated

Pacific Western Bank

Yes, but prioritizing Second Draw applicants

Not stated

Must be an existing account holder

Peapack-Gladstone Bank

Yes

Yes, but must apply through partner, The Loan Source

Must sign up for a business account or be an existing account holder

Peoples Bank

Yes

Yes, but recommends waiting for new guidance

Must sign up for a business account or be an existing account holder

Pinnacle Bank

Yes

Yes, but recommends waiting for new guidance

Not stated

PNC

Yes

No, but will resume at a TBD date

Must sign up for a business account or be an existing account holder

Poppy Bank

Second Draw only

Not stated

Not stated

PromiseOne Bank

Yes

Yes

Not stated

Quantum National Bank

Second Draw only

Not stated

Not stated

Ready Capital

Yes

Yes, but must apply through partner, Lendio

Not stated

Regions

Yes

No, but will resume at a TBD date

Must sign up for a business account or be an existing account holder

Republic Bank

Yes

Not stated

Not stated

Royal Business Bank

Yes

Yes

Not stated

Seacoast Commerce Bank

Yes

Yes, but will be closed February 27 to March 5

Must be an existing account holder

Sunflower Bank

Second Draw only

Yes

Not stated

Synovus Bank

Yes

Yes

Must sign up for a business account or be an existing account holder

TCF National Bank

Yes

No, but will resume at a TBD date

Must sign up for a business account or be an existing account holder

TD Bank

Yes

No, but will resume at a TBD date

Must be an existing account holder

Truist

Yes

Yes

Must be an existing account holder

U.S. Bank

Yes

No, but will resume at a TBD date

Not stated

Umpqua Bank

Yes

Yes

Must be an existing account holder

UniBank

Yes

Yes

Not stated

Union Bank

Yes

No, but will resume at a TBD date

Must sign up for a business account or be an existing account holder

United Business Bank

Yes

Not stated

Not stated

United Community Bank

Yes

Not stated

Businesses with fewer than 20 employees

United Midwest Savings Bank

No, but will resume at a TBD date

Not stated

Not stated

US Metro Bank

Yes

Not stated

Not stated

Wallis Bank

Yes

Yes

Must be an existing account holder

Wells Fargo

Yes

No, but will resume in early March

Must be an existing account holder

Zions Bank

Yes

Yes

Must be an existing account holder

If your lender isn't on our list, you can use the SBA Lender Match tool to find a lender that can work with your business.

Find an online lender that’s still accepting PPP loan applications

Below are online lenders and connection services offering loans through the SBA Paycheck Protection Program. We recommend applying as soon as possible, since funds are available on a first-come, first-served basis.

Name Product Min. Credit Score Turnaround Time Required Documents
Lendio Paycheck Protection Program loans
No minimum credit score
Varies by demand
Documented payroll costs — like 1099s, W2s, average monthly payroll expenses, payroll report for 2019 and 2020. Must provide number of employees, driver’s license or other government-issued ID, or 2019 IRS Form 941 or Form 944.
SmartBiz paycheck protection loans
No minimum credit score
Varies by demand
Documented payroll costs — like 1099s and W2s.
loading

Compare up to 4 providers

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site