SBA Lenders Accepting New Customers for PPP Loans

Advertiser Disclosure

Update, 8/7/20: The Paycheck Protection Program officially closes to new applicants on August 8, 2020. Congress is still debating whether to extend the program or to deploy another form of small business financial aid for those impacted by the coronavirus pandemic. We will update this page when new legislation becomes official.

Small business owners across the country have been racing to apply for funding through the Paycheck Protection Program, the SBA-administered loan program created to help offset the impact of the coronavirus pandemic.

One of the biggest issues for these business owners is finding a lender that will process their application. Some small business owners don’t have prior relationships with SBA-accredited lenders accepting PPP applications (such as most national banks and many regional banks and credit unions), which means they need to find a lender that will work with new customers.

In an effort to streamline this experience for small businesses, we’ve put together a list of lenders that will work with non-depository customers to process their PPP loan application. This means you don’t need an existing deposit account (such as a business checking or savings account) of some kind with the lender.

The banks below are notable for their ability to work with all business owners, not just existing customers.

Featured lenders are bank partners Fundera works with directly in our PPP application process. We know their experience well and have guided customers through their process successfully. Please note: These lenders do compensate us for referrals.

Featured Lenders Accepting PPP Applications From New Customers


Apply for a PPP loan through BlueVine on their website.

Cross River Bank

Apply for a PPP loan through Cross River Bank here.

Additional Lenders Accepting PPP Applications From New Customers

1st State Bank

Apply for a PPP loan through 1st State Bank on their website.

America First Federal Credit Union

Technically, you do need to be a business member of the America First FCU in order to apply—but America First encourages people to become members with a process that takes about 15 minutes and then apply.

Banc First of Oklahoma

Oklahoma businesses only can apply for a PPP loan through Banc First on their website.

Eastern Bank

Once PPP funding is replenished, you can apply for a PPP loan through Eastern Bank on their website.

Harvest Small Business Finance

Apply for a PPP loan through Harvest Small Business Finance on their website.

Newtek Small Business Finance

Apply for a PPP loan through Newtek on their website.

NexTier Bank

NexTier Bank is accepting PPP loan applications and says they will consider new customers on a case-by-case basis. Their focus is on businesses in their geographical footprint in western Pennsylvania. You can start their application process here.

Peoples Bank and Trust

If your business is located in Central Kansas, you can apply for a PPP loan through Peoples Bank.

Republic Bank 

Non-customers can apply for a PPP loan through Republic Bank on their website; however, you must be located in “neighboring counties of Pennsylvania, New York, and New Jersey.”

TCF Bank

Apply for a PPP loan through TCF on their website.

The State Bank Group

Apply for a PPP loan through The State Bank Group on their website if you are located in the southern Wisconsin/Northern Illinois/Chicago suburbs.

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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