Fundera: This online loan marketplace lets you use one application to gain access to multiple PPP lenders.You can submit your interest in a first or second draw loan here. Divvy: This company says it works both with Lendio, an online lending marketplace, and Cross River Bank to process and fund PPP loans.You can apply now for first or second round funding. Community Reinvestment Fund, USA: More commonly known as CRF, this community development financial institution is a registered nonprofit organization with an emphasis on supporting nonprofits and small business owners.Brex customers can fill out an application that uses Womply’s software to submit qualified PPP loan applications to the SBA. Brex: Although the company is best known for its corporate credit cards that don’t require a personal guarantee, Brex has partnered with Womply, a loan agent that connects prospective borrowers with SBA-approved lenders.In order to apply, an applicant must first have a Biz2Credit account. Biz2Credit: The online lender is currently accepting applications for first and second draw loans, which it will submit directly to an SBA-approved lender.The Loan Source: One of a small group of nonbank lenders that were approved by the SBA back in 1994, its website says you can register to be notified when their application portal is live.Its website says that they should be ready to accept applications soon for this latest round of funding, but only from existing Square customers. Square Capital: Although Square is best known for its point-of-sale software, the company received SBA approval to accept applications for PPP loans.It has resumed accepting applications and has partnered with Lendio to process and submit applications for first and second draw funding to the SBA. Ready Capital: This commercial lender is an approved provider of PPP loans.Its website is currently accepting applications for first and second draw loans. Newtek: Newtek’s Small Business Finance Program processed PPP loans that received funding through the first rounds of PPP funds.Lendistry: This California-based community development financial institution (CDFI) has an online application process and can submit PPP first and second draw loans to the SBA from small businesses in the following places: California, Colorado, Florida, Georgia, Illinois, Iowa, Maryland, Michigan, New Jersey, New York, Pennsylvania, Texas and the District of Columbia.A spokesperson for Kabbage said it is allowing eligible customers seeking a second draw loan to apply through K., a new entity that was created through American Express’ acquisition of Kabbage. It then partnered with an SBA-authorized bank and became a direct SBA lender to process and disburse PPP loans to qualified small businesses during PPP Round. Kabbage: Prior to the coronavirus crisis, this fintech company made loans to small businesses and consumers through its lending platform.Harvest Small Business Finance: This nonbank, SBA-approved lender says it focuses on commercial real estate lending to “small business borrowers who have traditionally been ignored by large, regional and community banks.” It is accepting applications for PPP first and second draw loans from any qualifying business through its website.Fountainhead: As a nonbank lender licensed to make SBA 7(a) loans, Fountainhead is accepting applications from any small business for first and second draw loans.Centerstone SBA Lending: This nonbank, SBA-approved lender is accepting applications from small businesses seeking PPP loans for both first and second draw loans.Existing BlueVine customers will be contacted by BlueVine when their PPP loan application is ready. BlueVine: This online business lender will accept applications from any small business interested in applying for a PPP loan for first or second draw loans.Nonbank Lenders Accepting PPP Loan Applications Banks and credit unions are offering the loans, but you can also apply through nonbank lenders, including these institutions. Eligible businesses have until March 31 to apply for the latest round of loans.
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