PPP Loan Application
PPP loan funding is in high demand. Apply online today.
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.
1Please note that all new small business clients will be required to visit a Popular Bank branch location to open a deposit account.
2IMPORTANT REMINDERS: Before you submit your information please note the following:
APPLICATION DEADLINE: The deadline for online applications is 5pm on Thursday, August 6, 2020. The program will be available as long as funds authorized by the CARES Act are available.
IF YOU ARE AN AUTHORIZED REPRESENTATIVE: Only an authorized representative of the business may sign on behalf of the business. When you sign as an Authorized Representative of Applicant, you represent to the United States Government and Popular Bank that you are authorized by each business and each business’ equity owner of 20% or more, to provide all certifications in the application.
SBA'S ELIGIBLE BUSINESSES: Only SBA Eligible Businesses can apply under the PPP. See sba.gov for further information. By filing an application for a PPP, you certify that the business meets the eligibility requirements.
IMPORTANT NOTICE TO ALL APPLICANTS: No funded proceeds from PPP loans may be used to pay the fees of any third party agent (including attorneys, accountants, brokers or other third parties) (as applicable, “Third Party Agents”) assisting applicants with their loan applications, loan forgiveness applications, applications or requests to amend the terms of an existing PPP loan or otherwise serving as an intermediary or broker to submit loan applications, loan forgiveness applications and/or applications or requests to amend the terms of an existing PPP loan to Popular Bank on an applicant’s behalf. Third Party Agents are not permitted to collect fees from, or be paid out of, any PPP loan proceeds. Popular Bank will not accept any unsolicited PPP loan application, loan forgiveness application or amendment application/request referrals or submissions from any Third Party Agents, and will not pay or be liable for any Third Party Agent fees unless such Third Party Agents referring or submitting PPP loan applications loan forgiveness applications and/or amendment applications/requests are pre-approved by, and expressly authorized to collect fees from, Popular Bank.
THIRD PARTY AGENT: All applicants must clearly understand that by submitting a PPP application to Popular Bank, applicants expressly agree that they will be solely responsible for any fees, expenses or charges claimed by Third Party Agents assisting customers with their PPP applications or otherwise serving as an intermediary or broker submitting PPP applications to the Bank. This also applies to all customers who have already submitted applications. For purposes of this paragraph, PPP applications refers to loan applications, loan forgiveness applications and applications or requests to amend the terms of an existing PPP loan.
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