As part of its PPP loan funding program, the SBA set aside $10 billion to be lent by CDFIs. As California’s first CDFI, CBB has provided affordable financing to businesses and nonprofits for over 20 years.
Not getting the help you need from your big bank? CBB can help guide you through the process. Contact a representative today to get started.
As part of the CARES Act, the Small Business Administration (SBA) issued emergency relief funds so that small businesses affected by the COVID-19 crisis can seek temporary federal assistance through Community Bank of the Bay via the Paycheck Protection Program. This program allows businesses to apply for SBA loans to meet payroll and certain overhead expenses.
It’s Not Too Late to Apply for PPP Relief
We’re happy to provide assistance with your PPP loan application. If you need further support, such as bill pay and cash management tools, we can set up a CBB business bank account as well.
Small businesses with fewer than 500 employees (including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors) are eligible for funding. All application requests are vetted to make sure applicants meet eligibility requirements.
If you are interested in applying for a PPP SBA loan, please send us an email through our contact form and indicate your interest in a PPP loan via the comments.
How to Contact Us
We recognize that the pandemic has had a significant economic impact on everyone in our community, and we understand the urgency for you and your business. If you have questions about the PPP loan program or our other loan offerings, please contact us and leave a message via the comments section. Please be assured that we will respond as soon as possible.
PPP Forgiveness Instructions and Application Training
Community Bank of the Bay has gathered resources on document collection, form submissions, and timelines in order to help you complete your application quickly and accurately. We aim to support the long-term success of your business.
This resource page is based on the latest guidance provided by the SBA and Treasury. This guidance may be updated and we commit to providing changes as released. There may be a short time in which our resources/videos are not updated for new SBA guidance and/or general updates to the software.