After an eight-month, stop-and-start test of endurance, Congress passed a $900 billion COVID-relief and $1.4 trillion government funding package that gives critical pandemic aid to Americans, while securing federal agency operations through September 2021. While no additional state and local aid was provided, an extension of the deadline by which the Coronavirus Aid, Relief, and Economic Security (CARES) Act Coronavirus Relief Fund (CRF) resources must be spent was extended to Dec. 31, 2021.

The mammoth measure, which the president signed into law on Dec. 27, will provide another round of direct payments, enhanced unemployment benefits, education funding, and aid to sectors still reeling from the economic fallout of the pandemic. 

Press Release from Dargan Burns, III 678/698-2400 ––

Congress approved $284.5 billion in new Paycheck Protection

Programfunding as part of a larger COVID-19 relief package that President Trump signed into law on Dec. 27.

Under the new package, additional types of businesses and industries have been made eligible for PPP loans. Furthermore, businesses that have no more than 300 employees, can demonstrate at least 25% reduction in gross receipts year over year, and meet other requirements may be eligible for a second PPP loan.

The SBA began accepting first-time PPP loans applications exclusively via community financial institutions (CFIs) that traditionally service underserved groups on Jan. 11. The move is an effort to expand access for women-, minority-, and veteran-owned businesses. On Jan. 13, the SBA will begin accepting applications for second-draw PPP loans through CFIs. Other approved lenders will be able to begin submitting applications later this week.

Although the majority of lenders are not yet able to submit PPP applications to the SBA, some of them have begun accepting applications from interested borrowers. Here’s a roundup of institutions that are accepting applications for first- or second-draw PPP loans.

Where to Apply for PPP Loans

American Lending Center

American Lending Center is accepting PPP loan applications on its website.

Byline Bank

Customers who obtained their initial PPP loan through Byline Bankcan now apply for a second-draw loan through the lender.

Centerstone SBA Lending

 This non-bank lender is accepting applications for first- and second-draw PPP loans. Learn more on its website.

Compeer Financial

 Compeer Financial, a member-owned Farm Credit cooperative, is currently accepting PPP applications on its website.

 Colorado Enterprise Fund

 Colorado Enterprise Funds is accepting applications for first and second PPP loans on its website.


EagleBank is accepting applications from customers who had a bank account or active loan with the bank as of June 30, 2020. Borrowers who previously received a PPP loan through EagleBank should reach out to their relationship manager or find out more information on the bank’s website. Those who did not previously receive a PPP loan should email

East West Bank

East West Bank, a minority depository institution, began accepting applications for first-draw PPP loans on Jan. 11 and second-draw PPP loans on Jan. 13. Contact your relationship manager or a branch representative for more information.

Growth Capital

 Growth Capital is accepting applicationsfor second-draw PPP loans.

Harvest Small Business Finance

 Harvest Small Business Finance is accepting applicationsfor first-time PPP loans.

HOPE Credit Union

 Hope Credit Union, a CDFI, is currently acceptingPPP applications.

Independent Bank

 Independent Bank is now accepting applicationsfor second-draw PPP loans.

MBE Capital Partners

 MBE Capital Partners, a fintech company, is now accepting PPP loan applications. You can learn more here.

Newtek Small Business Finance, Inc.

One of the SBA’s 100 most active 7(a) lenders, Newtek, is currently acceptingfirst and second PPP loan applications.

NexTier Bank

NexTier Bank is now accepting first – and second – draw PPP loan applications.

You can access the applicationsonline and email the completed form to

Northfield Savings Bank

Northfield Savings Bank is accepting applications for first and second PPP loans from its customers and Vermont-based businesses. You can access the application on its website.

Prestamos CDFI

This CDFI is accepting applications for first-time PPP loans on its website.

Sunrise Banks

Sunrise Banks, a community development financial institution, is accepting applicationsfor first-draw PPP loans on Jan. 11 and for second-draw PPP loans on Jan. 13. You do not need to be an existing Sunrise Banks customer to apply through the bank.

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