OPTIONS FOR PPP APPLICATIONS

Lending Marketplaces & Platforms

Several online loan marketplaces allow you to submit a single Paycheck Protection Program (PPP) application to multiple lenders simultaneously. Generally, after providing basic business information a company representative will reach out to guide you through the rest of the application, including collecting proper documentation. The company then sends your application out to its lender network and will either choose the best loan option or offer you multiple choices.

These services are free to applicants. If you submit an application through one of these sites, you can and should apply to your bank simultaneously. You should cancel any outstanding applications prior to accepting funds. 

** Note: The Treasury Department announced on April 15 that the SBA could no longer accept applications for PPP, EIDL and related programs based on available appropriations.  While no more guidance has been forthcoming, there is no reason to believe these programs will not reopen if additional funding is available.  Many of the marketplaces and lenders listed here have indicated that they will continue accepting applications in anticipation of a potential re-opening of PPP submissions.

Online Lenders

As of right now, a number of online lenders have been approved to provide PPP loans directly; others will refer applications to SBA lender banks.

  • BlueVine has been approved to make PPP loans.

  • Funding Circle has been approved to make PPP loans. Alternatively, they may refer you to one of their partners rather than provide PPP funds directly should they deem another lender a better fit for your business.

  • PayPal has been approved to make PPP loans. PayPal will be working with existing merchants initially, applications are live for when additional funds become available.

  • Kabbage cannot make PPP loans but will submit your application to partner SBA lender banks.

  • OnDeck is partnering with an SBA lender bank to connect applicants to and distribute PPP funds.

  • Fundbox is connecting applicants with an SBA lender bank partner.

Additional Lending Options

  • Square has been approved to make PPP loans. Existing customers will receive notice when Square is able to distribute funds. If you are not current Square customers, you can sign up to hear when they open their application to all.

  • QuickBooks (Intuit) has been approved to make PPP loans, and their . You can sign up to receive a notification when their application is now live. on their site, and t Their Aid Assist calculator also helps outline what you may be eligible for.

  • Paychex is partnering with Biz2Credit to offer PPP application support through its Small Business Loan Center. The application process is led by a Biz2Credit salesperson.

  • Divvy is currently offering to connect you on its site to lending partner Cross River Bank. It is unclear if you must already be a Divvy customer.