Austin lenders offering SBA/ PPP loans
Posted on 04/03/2020 by Austin Chamber of Commerce
The U.S. Department of Treasury launched the Paycheck Protection Program on Friday, April 3. It has indicated at this time that PPP loans offered under the CARES Act are first come, first served.
You can read guidelines and more on the treasury.gov page here.
It is recommended that you reach out to the bank or lender you currently do business with before applying to a lending institution that is not familiar with your business's financial details.
Please see the list below of our members that are offering SBA loans.
Note: The current financial climate is uncharted territory for lenders, borrowers, and the federal agencies that back them. Your bank may request extra patience from you in the coming weeks as the entire financial sector works to navigate new challenges and relief strategies for businesses during the COVID-19 health crisis. This is not an exhaustive list of lenders in the Austin region.
* As of the morning of April 7, 2020: Wells Fargo has ceased SBA loan applications at this time.
Related Categories: COVID-19 resources, For businesses