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

On October 8, the Small Business Administration (SBA) announced changes to the Paycheck Protection Program (PPP) loan forgiveness process. These changes include a simplified loan forgiveness application for certain borrowers with PPP loans of $50,000 or less.1

We are taking steps to make this new PPP loan forgiveness application available to clients. In the meantime:

• For clients who have already submitted a loan forgiveness application, we will continue to process your application unless you inform us that you would like to withdraw your application and reapply using the new application when it becomes available to you. Please note that once we submit your application to the SBA you will be unable to withdraw it.

• For clients who have started, but not yet submitted, a loan forgiveness application, you are welcome to continue with your application or withdraw it and reapply using the new application when it becomes available to you

• For clients who have not yet submitted a loan forgiveness application and wish to apply using the new SBA Form 3508S, there is nothing you need to do at this time. We will send you an email with information on how to access the updated loan forgiveness application when it 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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Cash Flow Monitor2 and Connected Apps3

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 Deposit4 and Remote Deposit Online5. And you can use Zelle®6, 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.