Retired April 16, 2020Ĭheck out to apply for the PPP! I applied through chase last week and didn’t hear anything back. She applied through PayPal at 10:00am and the money was deposited into her business account at 6:08pm. Back in April, they were processing loan requests in record time: PayPal is currently accepting Payroll Protection applications through their Loan Builder program. But they are still accepting applications and have a clear signup process. As a smaller platform, they may not be equipped to handle an influx of requests. They have set up an impressive online portal to apply and have been extremely communicative with customers throughout the process.īoefly’s customer service has been impressive. You may not have heard of this one, but they are backed by ConnectOne Bank out of New York– one of the first banks to actually hand out a PPP loan. You can fill out the PPP application with Fundera right here. We’re told they are well-equipped to handle the second round of PPP loans. This postions them exceedingly well to handle the application process for PPP loans.įundera is currently working with two banks, Cross River Bank and First Home Bank, to process these loan applications. An online broker, or middleman, Fundera takes the pain out of the oft-difficult and confusing process of applying for a loan. They offer a user-friendly experience to apply for PPP loans online.īuilt for the web, Fundera traditionally works with banks to acquire loans for its customers. 1) Funderaįundera is currently our top ranked option to apply for Payroll Protection online. But for those who have had trouble with their local bank – ahem, Wells Fargo – or just flat-out don’t have a business banking relationship, here is the best place to apply for a PPP loan and the online lenders equipped to handle your application. First off, we recommend checking with your local bank or current lender prior to turning to online platforms.
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