We are no longer accepting PPP applications at this time.
On May 4, the SBA announced that they are no longer accepting applications from most lenders, which includes Lead Bank. Please note PPP loan applications that have not yet received a SBA loan number have not yet been approved. If you are still interested in applying for a PPP loan application, then you may want to consider going through a PPP participating CDFI (Community Development Financial Institution) or MDI (Minority Depository Institution).
Update: PPP loan eligibility
Click here to read more about Biden’s American Rescue Plan Act, signed into law on March 11. Larger nonprofits and online-only news outlets are now eligible for a PPP loan and an additional $7.25 billion funds were added to the Paycheck Protection Program.
Are you a business owner with less than 20 employees?
Are you an independent contractor or sole proprietor?
Maybe you have a non-fraud related felony conviction in your past?
Or maybe you are delinquent on your federal student loans?
Perhaps you are not even a U.S. citizen but a lawful U.S. resident?
If any of these apply to you, then you may now be eligible for a PPP loan. Click here to learn more about access to equitable relief.