These are the banks and lenders currently accepting SBA Paycheck Protection Program loan applications
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The Small Business Administration’s Paycheck Protection Program loan launched on Friday, April 3—to a very mixed bag of results.
Banks and lenders were hard-pressed to get systems and application processes in place before the deadline, having only received further guidelines about how to actually issue and process the loans late on the eve of the program’s launch. And as of early Friday morning, the day of the launch, only one major bank—Bank of America—was able to begin accepting applications on its portal.
Since then, several banks and other lenders have begun accepting applications. You can also use the SBA’s resource to find lenders in your area. Here’s where you can currently apply:
Bank of America was the first major bank to get its portal up and running around 9 a.m. ET on Friday. Applicants can apply for the PPP loan on the BofA site.
JPMorgan Chase followed suit about midday on Friday, opening up applications for small businesses, after initially telling customers the bank would not be accepting them on Friday. The bank’s website says it is currently processing applications, but you can apply here.
Wells Fargo is accepting expressions of interest in the PPP loans from customers with a business checking account, following support from the Fed to help the bank expand its lending program. However, Wells Fargo encourages customers on its website to look for alternative lenders for the SBA loan.
Silicon Valley Bank, or SVB, is participating in the SBA PPP loan program, and is now accepting applications.
Ameris Bank is currently accepting PPP loan applications on its site. The bank services Alabama, Florida, Georgia, and South Carolina, and has mortgage-only locations in Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia, Maryland, and Tennessee.
PNC Bank is currently accepting PPP loan applications from applicants with an existing business deposit or lending relationship with PNC, according to its site. You can apply here.
Atlantic Capital Bank, based in Atlanta, is now accepting applications from existing customers. Applicants who are current clients and filled out an information request should now get emails with the application.
Celtic Bank, based in Salt Lake City, is accepting PPP loan applications on its site.
Peapack-Gladstone Bank is accepting applications from current clients now. See its site for details and the application.
First Commonwealth Bank is accepting applications from existing business customers. You can apply here.
First Home Bank, based in Tampa, has currently suspended accepting applications for the PPP loan owing to volume, but provides a contact form on its site if they resume accepting applications.
Blue Ridge Bank, based in Virginia, has now opened up its PPP loan application process. Those with an account at Blue Ridge can apply here.
Midwest BankCentre is now accepting PPP loan applications. You can apply through your relationship manager or local branch, or apply through the bank’s site and email the application following the instructions.
US Bank is now accepting PPP loan applications from those who filled out an inquiry form on its site. The bank is starting with emailing current US Bank customers, beginning with single-owner businesses. The bank will be accepting non–US Bank client applicants as well, but encourages applicants to use a bank they already have a relationship with.
West Town Bank & Trust is currently accepting pre-application forms for the PPP loan, and applicants will receive an email once applications are accepted.
Univest Bank and Trust Co., headquartered in Pennsylvania, is currently accepting applications from current Univest customers only.
Old National’s existing clients with an active account or loan prior to March 31 can apply for the PPP loan now. Applicants can also apply by contacting their existing Old National commercial loan officer.
Pinnacle Bank is now accepting applications for the PPP loan. The bank recommends reaching out to your Pinnacle financial adviser or a branch. You can find more information here.
Umpqua Bank, based in Oregon, was accepting PPP loan applications from current customers, but has since suspended acceptance owing to a high volume of applicants. Prospective applicants can check back in here.
First United Bank applicants in Texas and Oklahoma can apply for the PPP loan here.
Fulton Bank is accepting PPP loan applications from existing business customers on its site.
TD Bank is accepting PPP loan applications on its site. Only current TD Business customers can apply at this time.
Independent Bank is accepting PPP loan applications only from current customers at this time.
Credit unions and nonbank lenders
America First Credit Union is accepting applications. You can apply on its site. The credit union requires applicants to have a current business account.
Fountainhead SBF, a nonbank lender, is also accepting PPP loan applications. According to its site, Fountainhead is one of only 14 nonbank lenders licensed to make SBA 7(a) loans. You can apply for the loan on its site.
Ready Capital, a nonbank lender, is accepting inquiry forms for applications on its website.
Key Point Credit Union is accepting PPP loan applications only from current members who were active on February 15, 2020.
Lendio, a small business loan marketplace, is accepting PPP loan applications on its site. The site connects applicants with approved capital providers in Lendio’s network of banks, credit unions, and fintechs.
Navy Federal Credit Union is accepting PPP loan applications from current business customers (as of February 15, 2020).
Newtek Small Business Finance, Inc., a business development company, is accepting PPP loan applications.
Kabbage, a direct funding fintech, is also accepting Paycheck Protection Program loans. Applicants can apply on the fintech’s site.
PayPal is now accepting PPP loans, and has begun offering loans to the more than 10 million merchants using PayPal’s platforms in the U.S. The fintech is extending the loans through its bank partner, WebBank. According to PayPal, only existing PayPal merchants are eligible to apply for the PPP loans currently.
More must-read finance coverage from Fortune:
—What small businesses applying to the SBA’s Paycheck Protection Program need to know
—The worst part of losing 10M jobs in 2 weeks? The real number may be much higher
—Everything you need to know about the new 401(k) no-penalty withdrawals
—What to do if you can’t pay your bills this month
—Listen to Leadership Next, a Fortune podcast examining the evolving role of CEOs
—VIDEO: 401(k) withdrawal penalties waived for anyone hurt by COVID-19
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