Here is the PPP lenders list to identify which financial institutions can offer this financial aid again. However, you must know that the Paycheck Protection Program ended on May 31, 2021.

If you need small business finance, you can still apply for a business loan with us.

PPP Loans in 2022: An Update

As of April 2021, the Paycheck Protection Program (PPP) has loaned out $788 billion to over 8.5 million small businesses across the United States.

The program has helped many businesses afloat during the COVID-19 pandemic.

Are PPP loans still available?

No! The PPP expired on September 30, 2021, but Congress has legislation pending that would extend the program through 2022.

If the government passes this legislation, businesses will be able to make PPP loan applications through December 31, 2022.

Nevertheless, if you have never received a PPP loan and are wondering if there will be another in 2022, it seems very unlikely. Nothing has been announced yet about additional funding for pandemic preparedness programs.

The government extended the terms of the PPP once in October 2020.

At that time, the Department of The Treasury increased the maximum loan amount from $10 million to $20 million.

It is possible that the loan terms could be further extended or modified if they extend the program again.

If Congress extends the program, it will provide much-needed relief to businesses that are still struggling to recover from the pandemic.

You Can Apply For Funding With Camino Financial, A CDFI Lender Ready To Help You

Camino Financial is the first neo-CDFI in the United States. That means we are the first-ever AI-powered CDFI. We use the power of technology to offer the financial services economically disadvantaged communities need.

We are a certified CDFI in Los Angeles, CA, that serves the whole country (except for New Jersey, Hawaii, and Puerto Rico).

As a CDFI, we help low-income communities nationwide through our financial services.

We offer financial products that are affordable and easy to get. With us, you can get:

• Business loans
• Microloans
• Startup loans

At Camino Financial, we are one of the few lenders that provide financing for business owners that only have an ITIN and haven’t established a credit history yet.

We don’t require collateral and offer a range of loans to match our clients’ needs.

To get more info about capital, you can:

• Visit our website www.caminofinancial.com
• Call us: (800) 852-0655
• Talk to us on Whatsapp

You can also use our business loan calculator to see how much you’d pay monthly with our loan programs and qualify today!

Term Loan Calculator

Loan Amount

Payment TermPlease select24 Months30 Months36 Months48 Months60 Months

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List Of The Best PPP Lenders Available in the PPP Program

Find here the best PPP lenders that offered the SBA’s Payroll Protection Program and possibly do in the future.

The organizations offered these loans but they also gave assistance and helped applicants fill out their applications.

California’s CDFI PPP Lenders List

Here’s a Community Development Banks List and different PPP loan providers in California.

Bankers Small Business CDC of California

This CDFI is in San Diego, CA.

They help businesses in California.

To get more info, you can:

• Visit their website cdcloans.com
• To get more info, you can call them at 619-291-3594

California Farmlink

This CDFI is in Aptos, CA

They help businesses in California.

• To get more info, you can call them at 831-425-0303

They offer Spanish customer service.

Accion Opportunity Fund

This PPP loan provider is in San Jose, CA.

They help businesses in California.

• You can apply online at aofund.org
• To get more info, you can call them at 888-720-3215

They offer Spanish customer service and individual CDIF PPP applications or technical assistance.

Harvest Small Business Finance

This CDFI offered PPP loans in Laguna Hills, CA.

If you want to be aware of this PPP loan lender, you can get info only on their website.

• You can apply online at harvestsbf.com
• To get more info, you can call them at 888-720-3215

Top Lenders For PPP Loans In New York’s

Alternatives Federal Credit Union

This CDFI is in Ithaca, NY.

They help businesses in New York.

To get more info, you can:

• Visit their website www.alternatives.org
• To get more info, you can call them at 607-273-4611

Union Bank

This bank in New York received PPP loan applications.

If you want to apply, you could visit their website to keep updated: https://www.unionbank.com/.

Ascendus

This CDFIs is in New York City, NY.

They help businesses in New York.

To get more info, you can:

• Visit their website ascendus.org
• To get more info, you can call them at 646-833-4514

Boc Capital Corp

This CDFI is in Brooklyn, NY.

They help businesses in New York.

To get more info about capital, you can:

• Visit their website www.bocnet.org
• To get more info, you can call them at 718-624-9115

Community Capital New York

This CDFI is in Elmsford, NY.

They help businesses in New York.

To get more info, you can:

• Visit their website communitycapitalny.org
• To get more info, you can call them at 914-747-8020

Renaissance Economic Development Corporation

This CDFI is in New York City, NY.

They help businesses in New York.

To apply, you need to fill out an interest form on the website available in English and Spanish (Currently, the form is closed):

Renaissance EDC – PPP Loan Interest

To get more info, you can:

• Visit their website renaissance-ny.org
• To get more info, you can call them at 212-964-6022

They offer Spanish customer service and individual PPP technical assistance.

Best Companies For PPP Loans in Texas

BCL of Texas

These community financial institutions or PPP lenders are in Austin, TX.

They help businesses in Texas.

• You can apply online at bcloftexas.org
• To get more info, you can call them at 512-912-9884

They offer Spanish customer service and individual PPP technical assistance.

PeopleFund

PeopleFund is in Austin, TX.

They help businesses in Texas.

To get more info about PPP loans, you can:

• Visit their website peoplefund.org
• To get more info, you can call them at 512-222-1002

Note: They have a voice mail available so you can leave your information, and they call you.

List of Community Financial Institutions In Multiple States

Clearinghouse CDFI

This CDFI is in Lake Forest, CA.

They help businesses in Arizona, California, Nevada, and New Mexico.

To get more info, you can:

• Visit their website clearinghousecdfi.com
• To get more info, you can call them at 949-859-3600

Lendistry

This CDFI is in Los Angeles, CA.

They help businesses in California, Georgia, Maryland, and Pennsylvania.

To get more info, you can:

• Visit their website lendistry.com
• To get more info, you can call them at 562-242-2900

Rural Community Assistance Corporation

This Community Financial Institution is in West Sacramento, CA.

They offer to fund businesses in Arkansas, Arizona, California, Colorado, Hawaii, IDAHO, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.

To get more info and their application process, you can:

• Visit their website rcac.org
• To get more info, you can call them at 916-447-9832

LiftFund

This CDFI is in San Antonio, TX, and they will help you to access funding:

They help businesses in Alabama, Arizona, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, and Texas.

To get more info, you can:

• Visit their website liftfund.com
• To get more info, you can call them at 888-215-2373, Ext. 111

Note: They have a voice mail available to leave your information, and they call you.

DreamSpring

DreamSpring is in Albuquerque, NM.

They help businesses in Arizona, Colorado, Georgia, Nevada, New Mexico, North Carolina, and Texas.

• You can apply online at dreamspring.org
• To get more info, you can call them at 800-508-7624

They offer Spanish customer service and individual PPP technical assistance.

Colorado Enterprise Fund

Colorado Enterprise Fund is in Denver, CO.

They help businesses in Colorado.

• You can apply online at  coloradoenterprisefund.org
• To get more info, you can call them at 303-860-0242

They offer Spanish customer service and individual PPP technical assistance.

Black Business Investment Fund

Black Business Investment Fund is in Orlando, FL.

They help businesses in Florida.

To get more info, you can:

• Visit their website bbif.com
• To get more info, you can call them at 407-649-4780

Pursuit

Pursuit is in New York City, New York.

They help businesses in New York, New Jersey, and Pennsylvania.

• You can also apply online at pursuitlending.com
• To get more info, you can call them at 800-923-2504

They offer Spanish customer service and individual PPP technical assistance.

Note: Recorded message states to email [email protected] for the quickest way to get help.

#DidYouKnow
None of the Community Development Financial Institutions in this list PPP loans accept applications anymore. The government is no longer funding the program, but you have a summary with the easiest PPP loan lenders.

Need funds to invest in your small business?

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The Basics Of the CDIFs and the PPP Loans

Let’s go over some of the basics that’ll help you understand these institutions and how and why they offered PPP loans.

Features of PPP Loan Online Lenders

One of the key features of the PPP Lenders is the ability to get funding in as little as 24 hours. This can be a lifesaver for small businesses struggling to make ends meet and need quick access to cash.

Another key feature of the best online PPP lenders is that they often have flexible repayment terms.

Instead of being locked into a rigid repayment plan, you can choose a repayment schedule that works best for your business.

These lenders typically have lower interest rates than traditional banks.

This can save you money on the overall cost of the loan, making it more affordable for your business.

#DidYouKnow
Even if you didn’t have a business bank account, you were able to apply.

What Are Community Financial Institutions (CFIs)?

A Community Financial Institution (CFI) is a financial institution in an economically underserved community.

CFIs offer financial services to these communities.

There are three types of CFIs:

• Community Development Financial Institution (CDFI)
• Minority Depository Institution (MDI)
• Certified Development Company (CDC)

What Are Community Development Financial Institutions (CDFIs)?

A Community Development Financial Institution helps revive economically distressed communities throughout the United States, commonly referred to as CDFIs.

These specialized financial organizations reach underserved communities (like disadvantaged people in primarily black and Hispanic communities) through their development services, affordable loans, and financial assistance.

Some also help obtain affordable housing.

There are different types of Community Financial Institutions, depending on their characteristics:

• Community Development Venture Capital Funds: They provide equity financial products to businesses in distressed communities.
• Community Development Loan Funds: They provide financial products for organizations and individuals in low-income communities.
• Community Development Credit Unions: They provide financial support through affordable credit and other financial services for low-income people.
• Community Development Banks:  They provide capital to communities by lending and investing.

What Is A CDFI Loan?

CDFI loans are financial products for small businesses and home buyers. They’re meant to help low-income communities. Most, if not all, of the institutions in our CDFI PPP lenders list offer traditional business loans.

What Is A Minority Depository Institution (MDI)?

MDIs (Minority Depository Institutions) are banking institutions that primarily service predominant minority communities including Black, Asian, Hispanic, and Native Americans, as defined by the FDIC.

#DidYouKnow
The FDIC’s definition of a minority does not include women-owned and managed institutions.

What Is A Certified Development Company (CDC)?

Certified Development Companies (CDCs) are SBA-regulated nonprofit organizations. They work with lenders to offer 504 loans and promote economic development.

Why Should Small Business Owners Apply For PPP Loans With A CDFI?

These community development financial institutions (PPP) want to ensure that impoverished communities gain access to funding.

Their mission became even more important when the coronavirus pandemic started wreaking havoc on small businesses’ finances.

The government also realized this and allowed CDFIs to become PPP lenders during the second PPP funding round.

#DidYouKnow
CDFIs have one advantage over banks and credit unions. They can offer more personal customer service because they’re smaller and closer to their communities.

Where Did People Apply For PPP Loans?

PPP loan applications were available online or through an SBA preferred lender (CDFIs, banks, or other financial institutions).

The application required information about:

• average monthly payroll
• number of employees
• how you were going to use the PPP loan

Some financial institutions had extra requirements, like only helping people with an existing business checking account. Other banks helped new and existing customers.

What has made CDFIs and PPP loan companies different is that you didn’t need an existing relationship to complete an application with them.

Where Can I Find CDFIs And MDIs That Support My Area And My Needs?

If you want to locate one of these institutions, here’s the best way to do it:

Locating CDFI Lenders

Use this CDFI locator to find a financial institution in your state. The search engine provides a list of CDFI participants and contact information.

These institutions are in every state and the District of Columbia, Guam, and Puerto Rico.

Locating MDIs

There aren’t as many MDIs as CDFIs, but this list narrows down the closest MDI near to you.

#DidYouKnow
Another helpful site is Benefits.gov to get in contact with an agency for disaster relief, healthcare and medical assistance, financial assistance, and loans.

What If The CDFIs Or MDIs In My Area Are Not Participating In PPP?

While a part of the second round of PPP money was set aside exclusively for CDFIs and MDIs to reach underserved small business owners, your Local CDFI or MDI may have exhausted the amount allocated to them for PPP or aren’t participants.

However, the 2021 Consolidated Appropriations Act appropriated additional funding for low-income communities, such as the Economic Injury Disaster Loan (EIDL).

With the EIDL loan, you could receive up to $150,000 with restricted usage for working capital. Repayment terms depend on the business’s ability to repay with a maximum repayment term of 30 years.

The Small Business Administration also offers a microfinance loan program for loan amounts up to $350,000.

CDFIs or MDIs may have access to other types of funding so your business can continue to operate.

Other options for people that didn’t qualify for an SBA coronavirus loan

Can CDFIs And MDIs Help My Business Access PPP Loans?

When lenders were accepting PPP loans, financial institutions didn’t give many minority-owned businesses funding in the initial round.

Their net profit may have been too small, or banks deemed they didn’t have enough employees.

However, the second draw of PPP loans offered funding through Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) to help BIPOC-owned small businesses (Black, Indigenous, and People of Color) receive the funding they needed to survive the pandemic.

The Consolidated Appropriations Act signed into law on December 27, 2020, set aside money for CDFIs and MDIs.

Therefore, the government earmarked nearly $3 billion for underserved communities.

Additionally, the SBA will develop a new formula so that small businesses can qualify for larger loans.

Let A CDFI Help You Get The Financing You Need

CDFIs have personnel specializing in providing the best possible financing to help your business. That makes them very attractive financing alternatives for business owners.

But even if you found an institution near you in our t, you won’t be able to get a Paycheck Protection Program loan because the program is no longer active.

We recommend you apply for traditional financing.

The best place to apply for a PPP loan is Camino Financial now that the program is over. We have the financial solution precisely that you need.

You can get from $1,500 and up to $400,000 with friendly interest rates and minimal requirements.

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