With the second round of PPP funding approved, now is the time to apply for a PPP loan through CEF. We encourage you to apply through CEF whether or not you have applied with another bank or financial institution. Conversely, we strongly encourage you to apply with other institutions in addition to CEF, as well. You are not restricted in the number of places you apply but you are restricted to accept only one PPP loan. The terms are standard with all lenders.
The new PPP allocation will go quickly and there’s no guarantee that we can approve your loan, but we are going to do everything we can to make it happen. Applications will be processed on a first-come, first-served basis, subject to funding availability.
If you apply through CEF and through another lender, we ask that you notify us if you are approved through another lender so we can remove your application from our queue and work with the next CEF Borrower in line.
