Paycheck Protection Program (PPP)

Congress passed and President Trump signed amendments to the March 2020 CARES and other laws to create a new round of Paycheck Protection Program Loans to first-time borrowers; and a new PPP Second Draw Program for previous PPP borrowers. Customers Bank is now taking PPP and PPP Second Draw Loan applications. You can apply by using the link. NOTE: the SBA is staggering the start-dates for loan approval and funding by lender type and size. Customers Bank will not be able to submit your loan application for funding until Wednesday, January 13 at the earliest.

New Borrowers

First Draw PPP loans are available for eligible businesses which were not previously approved for a PPP Loan.

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2nd Draw

Second Draw PPP loans are available for eligible businesses which received and exhausted a PPP Loan in 2020.

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PPP White Label

Customers Bank is offering banks, credit unions, community development financial institutions, minority deposit institutions, microfinance institutions, and other lenders and non-profits a “white label” turnkey end-to-end PPP origination, funding, and loan forgiveness solution.

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