COVID-19 Relief Law - PPP Lenders Requiring No Prior Relationship
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Coronavirus Aid, Relief and Economic Security Act ("CARES Act") authorized the EIDL and PPP programs, the following is a comprehensive list of all PPP lenders who accept non-existing customers. Please see our prior blog posts to learn more about each program. This list was updated 4/10, and Lenders are subject to change policies.
U.S. Bank
Serves: Nation-wide
Status: All businesses can apply but it will accept applications in this order, first: single-owner businesses: sole proprietorships, S-Corps and LLCs then it will later expand to other businesses such as independent contractors, multi-owner business and non-profits.
Link:https://www.usbank.com/index.html
BBVA USA
Serves: Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas.
Status:Accepting PPP loan applications through its online portal, but has temporarily closed it to process current applications. Does not state you need to be a customer.
Link: https://www.bbvausa.com/special/covid19-small-business.html
Celtic Bank
Serves: Doesn’t state a region requirement.
Status: Accepting PPP loan applications, giving existing customers priority.
Link:https://start.celticbank.com/paycheck-protection-program
Fifth Third Bank
Serves: Doesn’t specify location
Status: Processing PPP loan applications from current customers. Non-current customers will be processed later in April.
Link: https://www.53.com/content/fifth-third/en/alerts/covid-sba-cares-act.html
First National Bank (of Pennsylvania)
Serves: Pennsylvania, Ohio, Maryland, West Virginia, Virginia, Washington D.C., North Carolina and South Carolina
Status: Processing applications. Open to non-current customers within it’s servable area. Non-current customers must have an in-person appointment with a banker.
Link: https://www.fnb-online.com/landing/covid-relief-programs
First Savings Bank
Serves: South Dakota, New Mexico, Nevada, Nebraska, Texas and Arizona.
Status: Accepting PPP loan applications. Does not state there is a restriction for only current customers.
Link: https://www.firstsavingsbanks.bank/Small-business-resources.htm
Fountainhead SBA
Serves: Doesn’t state a specific region
Status Accepting PPP loan applications from all small business owners
Link: https://www.fountainheadcc.com/ppp/
CenterState Bank
Serves: Florida, Georgia and Alabama.
Status: Not yet accepting PPP loan applications. Does not say being an existing customer is required. Will give priority to businesses in under-served and rural markets, veteran-owned businesses, economically disadvantaged owners and businesses that are less than two years old.
Site: https://www.centerstatebank.com/paycheck-protection-program/
Citizens Bank
Serves: Not region specific
Status: Will start accepting applications soon. Existing customers will be given priority. Non-customer potential applicants should check for updates https://www.citizensbank.com/small-business/paycheck-protection-program.aspx
Link: https://smartasset.com/checking-account/citizens-bank-banking-review
Customers Bank
Serves: Pennsylvania, New York, Rhode Island, Massachusetts, New Hampshire, New Jersey, Illinois and Washington, D.C.
Status: Will be accepting applications soon, fill out this form to be notified when https://www.customersbank.com/business-banking/sba-guaranteed-lending/disaster-relief/Does not say it will limit to existing customers or prioritize current.
East West Bank
Serves: 125 locations including in California, Georgia, Massachusetts, Nevada, New York, Texas and Washington.
Status: Accepting applications. Existing business checking account customers will get priority.
Link: https://www.eastwestbank.com/en/small-mid-size-businesses/sba-paycheck-protection-program
Readycap Lending
Serves: Many locations across the US
Status: Taking PPP loan applications. Does not state you must already be a customer.
Link: https://ppp.readycapital.com/
Republic Bank
Serves: Pennsylvania, New Jersey and New York
Status: Taking PPP loan applications from current customers and business owners in Pennsylvania, New Jersey and New York.
Link: https://www.myrepublicbank.com/sba-relief-program-0
Seacoast Commerce Bank
Serves: Nationwide
Status: Partnered with Kabbage, Inc. and is accepting applications from all business owners
Link: https://sccombank.com/
Stearns Bank
Serves: Minnesota, Florida, and Arizona,
Status: Currently accepting PPP loan applications, and does not appear to be restricting applicants to existing customers.
Link: https://www.stearnsbank.com/
TCF Bank
Serves: Does not specify region
Status: Accepting applications and not limiting customers
Link: https://commercial.tcfbank.com/sbappp/s/application?bank=TCF&
KeyBank
Serves: Over 25 states and Washington D.C.
Status: Accepting applicants. Does not state you need to be an existing customer.
Link: https://www.key.com/small-business/promo/stimulus.jsp
Metro City Bank
Serves: Georgia, Alabama, Virginia, New Jersey, New York and Texas
Status: Accepting PPP loan applications. No restriction to existing customers.
Link: https://www.metrocitybank.bank/lending/sba-paycheck-protection-program
Newtek Small Business Finance
Serves: Does not specify region
Status: Taking applications. Does not mention needing to be a current customer.
Link: https://partners.newtekone.com/caresact/business-lending/
Northwest Bank
Serves: Pennsylvania, western New York and eastern Ohio
Status: Currently accepting loan applications. You do not need to be an existing customer but current customers will be given priority.
Link: https://smartasset.com/checking-account/northwest-bank-banking-review-32647
Pacific Western Bank
Serves: California. California, Denver, North Carolina.
Status: Accepting PPP loan applications. Doesn’t state you need to be a current customer.
Link: https://www.pacwest.com/lending-solutions/federal-coronavirus-relief-loans
Peoples Bank
Serves: Ohio, West Virginia and Kentucky
Status: Accepting PPP loan applications both from existing and new customers. Will continue to do so while funds are available.
Link: https://locations.peoplesbancorp.com/
Quantum National Bank
Serves: Georgia
Status: Does not state that you must be a current customer to apply
Site: https://www.quantumbank.com/CustomContent.aspx?Name=PPP%20vs%20EIDL
United Business Bank
Serves: California, Colorado, New Mexico and Washington
Status: Accepting PPP loan applications from existing business clients and non-customers.
Link: https://www.unitedbusinessbank.com/loans-credit/business-loans/small-business-loans-sba.html
Wallis Bank
Serves: California, Georgia and Texas.
Status: Accepting applications from all businesses in Texas, Southern California and Atlanta metro areas.
Link: https://www.wallisbank.com/covid19-resources/
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