Small Business Administration (SBA) Paycheck Protection Program (PPP)

 

Now accepting applications


Atlantic Union Bank is proud to support our business clients through the Paycheck Protection Program. Please choose the appropriate tab below based on the specific information and applications you are looking for.


For the best experience, we recommend you complete the application process on a computer desktop and not use mobile phones or tablets.
The COVID-19 relief bill containing the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act has enabled a new round of Paycheck Protection Program (PPP) funding for eligible borrowers. This round of assistance affects the PPP in two ways. First, it provides new funding, extends application windows, and expands or clarifies the original or “first draw” PPP. Second, it offers certain businesses that received or will receive “first draw” PPP loans the opportunity to obtain a “second draw” PPP loan. The “second draw” PPP is meant to target smaller businesses that were more heavily impacted by COVID-19.


What our our customers are saying

  • "Our PPP loan proceeds were deposited in our account yesterday afternoon.  Thank you so much for your help with the process.  It was simple and quick."
  • "You have streamlined the process. Our PPP application was submitted, processed and loan deposited within a week.  Excellent turnaround time.  Very nice."
  • "Just a heads up, I successfully submitted my application for PPP Round II.  It was a very easy process to complete."
Learn more about PPP through the frequently asked questions and answers below.
 

For those that have never received a Paycheck Protection Program (PPP) loan, new legislation now allows qualifying businesses to apply for a “First Draw” PPP loan. The last day to apply for and receive a PPP loan is March 31, 2021, and is subject to funds availability.



We are currently managing significant application volume and are therefore unable to estimate the timing for loan decisions or funding. The application process is a partnership between the borrower, Atlantic Union Bank, and the SBA – each having an important role in determining the exact timeline of the process. The completeness and accuracy of the application is critical to the speed at which the application can be processed. In any scenario, Atlantic Union Bank is committed to doing all we can to move through this process as quickly as possible in order to get the necessary funding to our clients.    

Learn more about the First Draw PPP loan through the frequently asked questions and answers below. To apply for a First Draw PPP loan, click on the Get Started button below.

  Get Started
 
For those that have received a Paycheck Protection Program (PPP) loan, new legislation now allows qualifying businesses to apply for a “Second Draw” PPP loan. The last day to apply for and receive a PPP loan is March 31, 2021, and is subject to funds availability.



We are currently managing significant application volume and are therefore unable to estimate the timing for loan decisions or funding. The application process is a partnership between the borrower, Atlantic Union Bank, and the SBA – each having an important role in determining the exact timeline of the process. The completeness and accuracy of the application is critical to the speed at which the application can be processed. In any scenario, Atlantic Union Bank is committed to doing all we can to move through this process as quickly as possible in order to get the necessary funding to our clients.    

Learn more about the Second Draw PPP loan through the frequently asked questions and answers below. To apply for a Second Draw PPP loan, click on the Get Started button below.

  Get Started



We have temporarily paused forgiveness applications.
 

The SBA has recently provided new guidance on forgiveness, including a simplified application process for borrowers with First Draw PPP loans of $150,000 or less as well as details on additional items that may be considered in the forgiveness calculations. 

The SBA has indicated their forgiveness application portal will not reopen for lenders until March 5, 2021. As a result, we have temporarily paused taking and processing of forgiveness applications to give us time to update our systems and procedures for processing them.  If you have already started or submitted an application for forgiveness, we will be in touch soon regarding next steps.

Note that some clients may be eligible for a loan modification.  If you think you may qualify for a loan modification, DO NOT apply for forgiveness until you have gone through the modification process.  Once a borrower has filed for forgiveness, no modification is allowed. For more information please see our Loan Modifications tab.

New legislation enables eligible borrowers, under a narrow set of circumstances, to either reapply for a First Draw PPP Loan or request an increase in a First Draw PPP Loan if it was approved on or before August 8, 2020 and so long as the borrower has not already received forgiveness (of any amount) for its original PPP loan. Details of who may be eligible are addressed in the Questions and Answers below.

We are not yet accepting loan modification requests.

At this time, we do not have details defined on the loan modification process, and we anticipate that the SBA will issue new regulations, forms, and guidance to reflect the changes in the recent legislation. Please check back for more information on when loan modification requests will be accepted.
 

 

Have questions? Need help?

Send your questions to SBAQuestions@AtlanticUnionBank.com or contact us at 1-866-742-8150 for assistance. Please note, since email is an unsecure channel, we cannot discuss customer information such as loan status, PIN numbers, or other confidential information specific to your loan, and please do not send attachments through this method.  For additional questions on the PPP program, please visit the SBA's PPP FAQ document