Who is eligible
Small or Tribal businesses, eligible nonprofits, Veterans organizations, as well as certain individuals who are self-employed or independent contractors and meet program size standards.3
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 applications is June 30, 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 or otherwise serving as an intermediary or broker to submit loan applications 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 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 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.
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