SBA Paycheck Protection Program
Helping our small business customers get relief
Apple Bank has teamed up with Pursuit to support our small business customers by providing access to the CARES Act Small Business Administration Paycheck Protection Program (PPP). The SBA PPP loans provide a direct incentive for small businesses to keep employees on their payroll during the COVID-19 pandemic, by providing up to 8 weeks of payroll and operating expenses.
Requirements and rules of the SBA Payment Protection Program are available here
. Please note: Limit of one SBA PPP loan per business entity.
Please complete the short form
below and we will contact you within the next business day with further details on the application process. Please note: At this time, Apple Bank is only able to refer current Apple Bank business customers who maintained an active checking account relationship with Apple Bank on or before January 1, 2020. If your business entity has already applied for an SBA PPP loan through another financial institution, you may not be eligible to apply through the Apple Bank referral program.
Visit www.sba.gov for current program and fund availability, and for answers to the following questions, among others:
- Who is eligible to apply?
- What are SBA PPP loan requirements?
- How many PPP loans can I receive?
- What are terms, conditions and interest rates for a PPP loan?
- Can SBA PPP loans be forgiven?
- What can I use SBA PPP loan proceeds for?
What are Apple Bank’s referral requirements?
Answers to FAQ from Apple Bank
You must have a current business checking account with Apple Bank as of January 1, 2020.
How do I apply and how much can I apply for?
Complete Apple Bank’s referral intake form below. Upon submission, an Apple Bank representative will contact you. SBA PPP loans through Pursuit are based on permissible monthly payroll and expense amounts, up to a maximum of $1 million per business.
How long will the SBA PPP loans be offered?
The SBA PPP program is open until June 30, 2020. However, we encourage small businesses in need to apply as soon as possible, as funding is limited.
Please take a moment to complete the form below. Once we verify the information you have provided, we will send you an e-mail within the next business day with further instructions on how to apply for a PPP loan. This form is encrypted to ensure your information security.
*All fields are required
All loans are subject to Apple Bank referral eligibility confirmation, Pursuit underwriting review, SBA terms and requirements, and availability of funds. Funds are limited. Limit of one SBA PPP per business entity. Apple Bank and Pursuit are not affiliates. Pursuit will make its own, independent credit decision, and is solely responsible for offerings, as well as the privacy, security and accessibility standards of its website.