The Latest on PPP
Last Updated: January 13, 2021
The SBA began accepting Paycheck Protection Program applications this week. At this time, only smaller lenders including Community Development Financial Institution (CDFIs) and Minority Depository Institutions (MDIs), are allowed to process loan applications for at least two days after the program reopens. By doing this, the SBA is providing access to the PPP for smaller lenders and their customers. Click here to learn more.
United Community Bank is not classified as a CDFI or MDI, therefore is unable to begin accepting applications at this time. United is preparing to accept applications for Second Draw PPP loans as soon as the SBA opens its portal to all participating lenders. Customers who previously received a PPP loan through United and have completed the PPP loan forgiveness application process will be eligible to apply first and will be notified by email.