The Paycheck Protection Program is a federal relief program established by Congress and implemented by the U.S. Treasury Department and the Small Business Administration (SBA) with rules, requirements, protocols and processes that all participating banks must follow. In this video, discover the way the PPP program is supposed to work, what the banks are going through, how to find local lenders and what to say when trying to build a new lender relationship. Subscribe to our Youtube channel for more updates.
This is where the big banks stand as of earlier today April 10:
Wells Fargo is accepting pre-applications here.
Citibank is accepting pre-applications here.
Chase is only accepting business applications. Call for details.
Bank of America is only accepting business applications. Call for details.
TD Bank is accepting applications here.
PNC is accepting applications here.
US Bank is accepting pre-applications here.
(All this is subject to change at any time).
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