Find Community Banks That Can Help You With a PPP Loan
PAYCHECK PROTECTION PROGRAM LOANS
Small businesses & nonprofits: get help making payroll & rent through the Paycheck Protection Program
The Paycheck Protection Program (PPP) – a SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis — has been expanded. Applications are being received now. Apply via a bank that is eligible to extend U.S. Small Business Administration 7(a) loans.
Below is a link to all banks eligible to make PPP loans, based on public data. You can filter your search by geography to see banks near you or your business. Not all banks are accepting new customers. See below for updates on how to navigate this information.
More information from the Department of the Treasury
Overview
Fact Sheet
The official PPP Application Form
In addition to the PPP loan, other loans available from the Small Business Administration. For more information, visit the SBA’s website.
Updated 07-02-2020:
Money is still available from the SBA for businesses looking for PPP loans. Many smaller loans are left to be funded. Community-focused banks specialize in working with small businesses to make these types of small business loans
If you currently have an application in with your current bank, it’s worth connecting with a banker to learn if your application has been submitted to the SBA, or if it’s held up in review because it’s determined to have missing information, or if it hasn’t been reviewed yet. If your application has been submitted to the SBA, your best path is to continue with your current bank. If it hasn’t, we’ve heard of people having luck in reaching out to smaller banks focused on working with small businesses in their geography to see if they have the capacity to help. These banks will sometimes be able to go above and beyond to help local small businesses, because doing so is their mission and expertise.
Many banks specialize in working with underserved populations — banks specializing in serving communities of greatest economic need (those operating within low to moderate income census tracts), and those focused on building Native American equity, African American equity, Hispanic American equity, Asian American equity, and women’s equity. Consider reaching out to these banks if your organization is part of one of these underserved communities to access resources for information and help. You can search for these banks using the above button.
Remember: while you may be interested in finding a right-sized relationship bank for your business long-term, you may want to balance this with looking for where your application may be able to be processed the fastest. We’ve heard of small businesses having luck submitting applications to online lenders — so you may want to get an application in there while following up with banks in your area to identify if those banks can serve your business now and/or into the future. Read more in our blog: Three Things the Paycheck Protection Program Teaches Small Businesses and Nonprofits about Bank Relationships
Accepting applications from new customers across the US (while capacity lasts)
OPTUS BANK
When you bank with this bank, 65% of your money is invested in communities · funds African-American Equity + 3 other causes · money is based in South Carolina
Accepting applications from cooperatively-owned organizations across the US (while capacity lasts)
NATIONAL COOPERATIVE BANK
77% of your money is invested in communities · funds Sustainability + 2 other causes · money is based in Ohio
Assistance by email/phone:
Financial hardship questions
Homeowner’s assistance for those with difficulty making mortgage payments
Loan restructuring options for commercial customers
Banking requests,
Accepting applications from new customers across the US (while capacity lasts)
VISTA BANK
Accepting applications from new customers across the US (while capacity lasts)
Accepting applications from individuals, nonprofits and businesses within the following counties: California Alameda, Contra Costa, Sacramento, Sonoma, Marin, Napa, San Francisco, Santa Clara, San Mateo, Los Angeles, Tulare, Kern, Fresno Oregon Clackamas, Multnomah, Washington, Yamhill Washington Clark, King, Thurston, Pierce, Snohomish.
BENEFICIAL STATE BANK
Due to high demand, new customer applicants will be limited to those that support or manage activities that are mission-aligned or mission-neutral. Please visit the bank’s Foundation site to learn more about the bank’s Harm to None commitment.
Accepting applications from businesses in Alamosa, Colorado (while capacity lasts)
FIRST SOUTHWEST BANK
When you bank with this bank, 67% of your money is invested in communities · funds Small Business + 3 other causes · money is based in Colorado
Welcomes inquiries from small businesses in Chicago, Illinois and Northwest Indiana
PROVIDENCE BANK & TRUST (SBA eligible lender for Paycheck Protection Program)
77% of your money is invested in communities · funds Small Business + 3 other causes · money is based in Southside Chicagoland + Northwest Indiana
Assistance by phone:
Financial hardship questions
Banking requests
Safe deposit box access
Online / Drive-Thru Services:
Open new accounts online
Make mobile deposits & loan payments
Welcomes inquiries from small businesses in Chicago, Illinois
BURLING BANK (SBA eligible lender for Paycheck Protection Program)
90% of your money is invested in communities · funds Small Business + 3 other causes · money is based in Chicago
Assistance by phone:
Financial hardship questions
Banking requests
Online & Mobile App Services:
Inquire about opening up a new account via remote
Make mobile deposits & loan payments
View transactions & check balances
Find a surcharge-free ATM
Accepting applications from businesses in Oklahoma (while capacity lasts)
CITIZENS BANK OF EDMOND
May be accepting applications from new customers in Virginia (while capacity lasts)
VCC
May be accepting applications from new customers in Washington DC (while capacity lasts)
CITY FIRST BANK
Your money funds Sustainability, Areas of Greatest Need + Small Business · money is based in DC
Assistance by phone:
Financial hardship questions
Speak to a live customer service agent 24/7, from anywhere
OTHER BANKS THAT MAY BE ACCEPTING NEW PPP LOANS, AS OF 5/21/2020
Inquire with the bank to learn if there are any geographic restrictions.
AZ: National Bank of Arizona. PPP info.
AZ, IA: Bankers Trust. See Mighty profile and PPP info.
AZ, NE, NV, NM, SD, TX: First Savings Bank. See Mighty profile and PPP info.
CA: Community Commerce Bank. See Mighty profile and PPP info.
CA: California Bank & Trust. PPP info.
CA: Gateway Bank, FSB. See Mighty profile and PPP info.
CA, ID, NV, OR, WA: Umpqua Bank. See Mighty profile and PPP info.
CT: DR Bank. See Mighty profile and PPP info.
FL: Cogent Bank. See Mighty profile and PPP info.
FL, MS, NC, SC, TN, TX: First Horizon Bank. See Mighty profile and PPP info.
GA, TX: First IC Bank. See Mighty profile and PPP info.
KS, MO, NE: Pinnacle Bank. See Mighty profile and PPP info.
ME, NH, VT: Mascoma Bank. See Mighty profile and PPP info.
MN: Bridgewater Bank. See Mighty profile and PPP info.
NJ, PA: Centric Bank. See Mighty profile and PPP info.
NJ, NY, PA: Republic First Bank. See Mighty profile and PPP info.
NY: Alden State Bank. See Mighty profile and PPP info.
NY: Canandaigua National Bank and Trust. See Mighty profile and PPP info.
NM: First American Bank. See Mighty profile and PPP info.
UT: Celtic Bank. See Mighty profile and PPP info.
VT: Northfield Savings Bank. See Mighty profile and PPP info.