SMALL BUSINESS RESOURCES We’re here for our small business clients

Our teammates across Bank of America are focused on delivering resources and information to help small business clients navigate what’s happening now and prepare for what’s next.

Latest update for Paycheck Protection Program clients

Legislation signed into law on July 4, 2020 authorized the Small Business Administration (SBA) to approve Paycheck Protection Program (PPP) loan applications through the earlier of August 8, 2020 or until funds run out. This was an extension from the SBA’s original deadline of June 30, 2020.

In accordance with the SBA’s updated August 8 deadline, if you applied for a PPP loan, but did not receive an SBA loan number by the time of the SBA’s August 8 cutoff, you will be notified that your application will not be processed and has been cancelled.

We are monitoring proposals in the U.S. government related to a potential extension of the PPP. Please check back for the latest information on our ongoing support for small businesses.

For clients who received a PPP loan from the SBA through Bank of America, we look forward to supporting you as you begin the loan forgiveness phase of the program. We are working to deliver the best possible experience for you during this important time. We will email you with specific instructions on how and when you can apply when the PPP loan forgiveness application portal becomes available to you.

For up-to-date rules for the SBA’s PPP loan forgiveness process, including your covered period, the types of costs that are eligible for forgiveness and what documentation you will need to submit as part of your application, please visit the SBA website.

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See why high-touch, high-label customer service can be important for your business.

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Cash Flow Monitor1 and Connected Apps2

Leverage Cash Flow Monitor, our innovative dashboard with graphs, insights and projections, to help you manage your cash flow. You can also connect to apps like QuickBooks® Online, ADP® Payroll and Google Analytics for a complete view of your finances.

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Convenient banking solutions

We provide banking solutions to help you manage your finances wherever it is most convenient for you. You can deposit checks without visiting a financial center through Mobile Check Deposit3 and Remote Deposit Online4. And you can use Zelle®5, a fast, safe and easy way for your business to send, request and receive money. Explore additional features, how-to videos and more about Mobile and Online Banking.

Not enrolled? Get started now.

Additional resources available

Our Resource Site
Our Resource Site

Stay connected with information about how we continue to operate safely and effectively, and assist all our clients and teammates.

Small Business Administration
Access capital

As you face ongoing challenges, the Small Business Administration offers disaster relief funding and other benefits.

Client Assistance Program
Visit our FAQs

Get more information about Paycheck Protection Program loans.