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Some banks are continuing to take Paycheck Protection Program applications while funding is lapsed. Others are not. Here's a thread on where things stand at various lenders.
Bank of America: "We’re continuing to accept and process applications in the expectation that there will be additional funding available, given comments by the President and Congressional leaders." about.bankofamerica.com/promo/assistan…
Wells Fargo: "We will continue to prepare applications in our existing pipeline from small and mid-size businesses and will submit them to the SBA when funds become available." update.wf.com/coronavirus/pa…
Citigroup: "If you decide to submit an application at this time, we will hold that application for processing for up to 30 days in the event that additional SBA funding becomes available under the same terms and conditions." online.citi.com/US/JRS/pands/d…
JPMorgan Chase: "Even though the SBA is not accepting applications at this time, we are continuing to process all previously submitted applications, given that Congress is considering a new round of funding for this critical program." recovery.chase.com/contingency-pl…
U.S. Bank will temporarily close its digital application process to new applicants. "For applications already submitted, U.S. Bank will continue to work around the clock to move these applicants as far as possible through the process." emp.usbank.com/newsroom/stori…
Capital One: "We are still accepting digital applications from customers who have expressed an interest in the program in preparation for submitting them to the SBA in the event that Congress adds additional funding for this program." capitalone.com/updates/corona…
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