CARES Act: Paycheck Protection Program Small Business Application
YouTube Video from Lendio About the Next Steps for the Paycheck Protection Program
Customers are encouraged to check their Email often regarding the status of their PPP application. Including checking their spam, junk and other possible blocked Email(s). Never click on a link provided in an Email if you believe it is fraudulent or from an unknown source or sender.
UPDATE - April 27, 2020 - Congress approved additional PPP funding on April 23, 2020. The President signed the bill on April 24, 2020, then the SBA announced that PPP applications would begin to be accepted again on April 27, 2020 at 10:30 a.m. All PPP applications submitted will remain in queue and new applications may be submitted beginning Monday, April 27, 2020 at 10:30 a.m. Please continue to watch for communication from your assigned Lender regarding any additional documentation needed so that your request is not delayed.
April 22, 2020 - Last night the senate passed a $482 Billion Dollar Relief Package. As part of this package, $310 Billion was set aside as additional funding for the SBA Payroll Protection Program. It is expected that Congress will pass the law and the President will sign it by this Friday, April 24, 2020.
April 16, 2020 - The appropriated funds for PPP have been depleted and the SBA announced that no further applications can be submitted to that agency at this time. Please be aware that while PPP applications can continue to be submitted through The Bank of Delmarva's website through its third party provider, Lendio, Inc. The Lendio, Inc. portal is NOT operated by The Bank of Delmarva. An application submitted to Lendio, Inc. does not guarantee the SBA will accept these applications unless additional funding to PPP is funded by Congress.
Last Updated: 4/27/2020: 10:30 a.m. | Please check back often; this page will be updated frequently.
Dear Valued Customers,
The Bank of Delmarva has invested in a product to assist customers to submit Paycheck Protection Program (PPP) applications. We have engaged a third party agent (Lendio, Inc.) who maintains a PPP application portal. This portal is designed to streamline the application and settlement process and enable you to receive your PPP funds quickly. NOTE THAT THE PORTAL IS NOT OPERATED BY THE BANK OF DELMARVA AND PPP LOANS WILL BE MADE BY A PARTICIPATING SBA LENDER, NOT THE BANK OF DELMARVA.
In addition, we continue to update information to the best of our abilities. Customers should always rely on SBA.gov and the U.S. Treasury Department to serve as the most up-to-date resources for SBA Lending and the Paycheck Protection Program
This page contains key resources relating to the expanded SBA Section 7(a) loan program of the CARES Act, also known as "Paycheck Protection Program" (PPP). We also encourage you to read our Frequently Asked Questions about the program: FAQs: CARES Act and SBA Lending*.
Please feel free to contact anyone on our team if we can assist you. We're here to help!
*PDF files downloaded from this page may contain external hyperlinks. By accessing the noted links you will be leaving The Bank of Delmarva's website and entering a website hosted by another party. The Bank of Delmarva has not approved this as a reliable partner site. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of The Bank of Delmarva's website. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of The Bank of Delmarva.
The Bank of Delmarva