Which Banks Are Currently Accepting Payroll Protection Program Loan Applications?

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Banks Accepting PPP Loan Applications

Note: The Paycheck Protection Program closed to new applicants on August 8, 2020. This page will be updated if and when the federal government passes legislation to restart the program or create additional small business financial relief.

Where to Apply for PPP Loans

  1. National Banks
  2. Regional and Local Banks
  3. Credit Unions and Non-Bank Lenders

The Payroll Protection Program (PPP) officially launched on Friday, April 3. This new loan program from the federal government is designed to help small business owners affected by the coronavirus pandemic obtain funding to cover payroll, rent, and other obligations. If your business has been impacted, it’s time to figure out where to apply for a Payroll Protection Program loan.

Although the program is being administered by the Small Business Administration, the loans themselves will be disbursed by the nation’s banks, credit unions, and other federally approved lenders. That means small business owners need to apply for funding with their local and/or existing banking partner.

Not every bank is ready to accept applications and approve loans at this moment in time. Some major national banks are up and running with the PPP, while others are still finalizing their processes.

In addition, you likely won’t be able to walk into any bank and ask for a PPP loan. Most banks will require that you have an existing relationship with them and/or ask you to meet other requirements.

Applying for a PPP Loan Through Fundera

If you have an existing relationship with a bank actively making PPP loans, we recommend considering that option. You can also review the lenders on the list below to find one that suits you and accepts applications from new customers. Additionally, the SBA has created a tool for finding lenders eligible to issue a PPP loan in your area. Simply visit their Find Eligible Lenders page, put in your zip code, and view your options.

Business owners can also apply for a PPP loan through Fundera. You’ll use one simple, online application to gain access to multiple PPP lenders accepting new customers. Since this program is experiencing unprecedented demand, we’ll be able to direct your application to the lender with the most bandwidth to process your application and turn it around quickly.

In the meantime, keep in touch with your preferred lender and see if they’re able to help you. Working with Fundera won’t prevent you from working with your bank if they change course or start accepting applications, and Fundera will contact you before we submit your application to any of our partners.

Our PPP application is 100% free for business owners. Click the link below to get started:

Apply for a PPP Loan Now

You can also contact local community banks in your area who are processing PPP applications for customers and ask if you can transfer your business deposit account to them, in order for them to accept your application. Some small business owners have reported success with this method.

National Banks Accepting PPP Loan Applications

Here are the national banks accepting PPP loan applications.

Bank of America

Bank of America has an application portal ready to go and is accepting applications. In order to apply, you must have an existing business lending or business deposit relationship with Bank of America, meaning you have a business credit card, loan, or line of credit through the bank.

Chase Bank

Chase is accepting applications through its website. You need to be a current Chase business checking account holder, who’s had an account prior to February 15, 2020 to be eligible to apply.

Wells Fargo

Wells Fargo will accept PPP loan applications for existing customers. Read their guidelines in full here.

Regional and Local Banks Accepting PPP Loan Applications

Here are the regional banks accepting PPP loan applications.

BMO Harris

BMO Harris is accepting applications, but you need to have a BMO Business Deposit account or be a sole proprietor with a BMO Personal Deposit account. Visit their site to get started.

Byline Bank

Existing customers can apply for a PPP loan through Byline Bank, which is a top 100 SBA lender.

Citizens Bank

Contact your Citizens Bank relationships manager to start an application. Only existing Citizens Bank customers can apply.

Cross River Bank

Cross River Bank is accepting applications from customers and non-customers alike. Complete your application here.

Eastern Bank

Eastern Bank is accepting request forms for the PPP application and says that it will prioritize existing customers first.

First Home Bank

Apply for a PPP from First Home bank on its website. The site does not specify whether you need to be an existing customer.

Frost Bank

Existing business checking customers at Frost Bank can apply for a PPP loan. Non-customers must open a checking account with the bank in order to apply.

Fulton Bank

Fulton Bank is currently accepting applications from existing Fulton Bank customers.

Independent Bank

Download the PPP application on Independent Bank’s website and contact a representative for more information on how to submit.

Liberty Bank

Connecticut residents can apply for a PPP loan through Liberty Bank here.

NexTier Bank

NexTier Bank is accepting PPP loan applications and has reported success in getting funded. They are focusing on businesses in their geographical footprint in western Pennsylvania. You can get started here.

Open Bank

Open Bank is accepting applications from existing Open Bank customers at present.

Peapack-Gladstone Bank

You can find Peapack’s application form here and email PGBCovid19PPPRelief@pgbank.com to submit your application, as well as for any PPP-related assistance. You must be a current Peapack client to apply.

PNC Bank

PNC Bank is now accepting PPP loan applications from customers who have existing business deposit or lending relationships with the bank. You can fill out an application online. The bank stresses that you cannot apply for this loan at a branch.

Radius Bank

Radius Bank is accepting PPP loan applications, and you can get started here.

Regions Bank

If you’re an existing Regions Bank customer, you can apply for a PPP loan on their website.

Sunrise Bank

Sunrise Bank is accepting applications from existing customers.

TD Bank

Existing TD Bank business customers can apply for a PPP loan.

The State Bank Group

If your business is located in the southern Wisconsin/Northern Illinois/Chicago suburbs, you can apply for a PPP loan through The State Bank Group on their website.

Trustmark Bank

Trustmark Bank is currently accepting applications for the PPP loan.

Umpqua Bank

Current Umpqua Bank customers can apply for a PPP loan here. Prospective customers can sign up for updates on when their application will be available to the general public here as well.

Union Bank and Trust

Union Bank and Trust is accepting applications from business with whom they have “established relationships (loan, deposit, trust, or investment account established prior to 3/1/2020).”

U.S. Bank

U.S. Bank is accepting applications to the PPP through July 29, 2020.

Zions Bank

Zions Bank is accepting applications but says they will prioritize existing customers.

Credit Unions and Non-Bank Lenders Accepting PPP Loan Applications

Here are the non-bank and credit union lenders accepting PPP applications.

America First Credit Union

America First Credit Union is currently accepting applications from those with a business account with America First on its website.


BlueVine is an online lender accepting applications from new and existing customers. Fill out your application here.

Fountainhead SBF LLC

You can fill out a form to be entered into their processing queue, to be contacted later about applying.

Navy Federal Credit Union

Navy Federal Credit Union is accepting applications from business members.

Newtek Small Business Finance, Inc.

One of the SBA’s 100 most active lenders, Newtek is currently accepting PPP applications.


If you’re a QuickBooks Payroll or Intuit Online Payroll customer, you can apply for a PPP loan through your account. QuickBooks Capital may be available to new customers in the future.

Apply for a PPP Loan Now

Eric Goldschein

Eric Goldschein is the partnerships editor at Fundera.

Eric has nearly a decade of experience in digital media, writing and reporting on entrepreneurship, finance, business lending, marketing, and small business trends. 

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