Applications for PPP loans are open.
Currently, the SBA portal is open only to CDFI lenders for both first- and second-draw loans.
The portal will open to all other lenders starting on Tuesday, January 19.
Other lenders may be accepting applications, but those applications won’t be processed until the SBA portal opens to all lenders.
The lender list below is being continually updated as we get more information. Check back for updates.
Just under the wire, a new bill was passed at the end of 2020 that included a fresh round of funding for PPP. So, how can your small business access the loan?
Well, applications haven’t quite opened yet, but certain lenders have already made it known that they will be participating—and some lenders have even started accepting pre-applications.
As we learn more about which institutions are participating in PPP Round 2, we’ll continue to keep this list updated; this is what we know, so far.
Run payroll and benefits with Gusto
The following lenders are Gusto partners (for the full list of lenders, click on the link directly above):
|Community lender||Blue Ridge Bank|
|Community lender||Community Reinvestment Fund (CRF)|
|Community lender||Customers Bank|
|Fintech||Cross River Bank|
|Community Lender||Encore Bank|
|Community Lender||First Independence Bank|
|Community lender||OneUnited Bank|
|Community lender||Opportunity Fund (only participating in PPP in a limited manner)|