PPP loan forgiveness is now available

An important feature of the SBA Paycheck Protection Program is loan forgiveness. Businesses may be eligible for PPP loan forgiveness if they meet certain requirements. Popular Bank is prepared to help you navigate the PPP loan forgiveness application process.

What the CARES Act means for your business

While the effects of COVID-19 have dramatically reshaped our economic landscape, we remain committed to helping communities rebuild and thrive, one business at a time. Because businesses are the heartbeat of every community, we offer Small Business Administration Paycheck Protection Program (PPP) loans at Popular Bank. As an approved SBA lender, we are committed to helping both current and new small business clients.1

This historic program has been extremely popular. Congress allocated $510 billion for PPP, which provides small businesses 100% guaranteed government-backed loans to cover operating expenses and maintain payroll during this challenging time.2

As the SBA continues to process new applications, we are working diligently to help our clients apply for funding as quickly as possible.

Our PPP loan application window has now closed.

Since the SBA's loan application window is now closing, we will no longer be accepting applications for SBA PPP loans as this time. For PPP loan recipients, we will be posting updates on the process for loan forgiveness soon.

We remain committed to supporting you and your business. Thank you for your participation in the PPP program and for your continued patience.

Apply for a PPP loan with us by Thursday, August 6.

Funding is in high demand. Small business owners must apply by 5pm on Thursday, August 6 in order to be considered for a PPP loan from Popular Bank. Start your SBA Paycheck Protection Program loan application2 below.

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Apply for PPP loan forgiveness

PPP loan forgiveness is not automatic; you need to apply. To better serve you, we have created an online application so you can quickly apply for the relief you need. If you have questions, please contact your relationship manager for more information.

Apply now
Apply online for PPP Loan Forgiveness

Stay on the lookout for relief-related fraud

Given the severe financial impact of COVID-19, your business may be especially vulnerable to fraud schemes related to the CARES Act or other relief measures. Guard yourself against loan or grant fraud and phishing scams.

Learn how
Business Fraud Protection

Our support remains steady

While the effects of COVID-19 have dramatically reshaped our economic landscape, we remain committed to helping communities rebuild and thrive, one business at a time. Learn about additional financial relief options which may help your business navigate the impact of COVID-19.

Learn more
Financial relief options for small businesses