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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.
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