With this extension, Bank of America will begin to accept new PPP loan applications at 5:00 p.m. ET on July 6.
In order to provide the necessary time for processing prior to the SBA’s updated August 8 deadline:
- We will accept new PPP loan applications until 5:00 p.m. ET on July 24.
- Applicants must provide all required supporting documentation (this does not include promissory notes) by 5:00 p.m. ET on July 31 in order for their application to proceed.
- We will discontinue all application processing at 5:00 p.m. ET on August 7. Clients who applied, but have not received a SBA loan number by the time of the SBA’s August 8 cutoff, will be notified their application will not be processed and has been cancelled.