CEF is an authorized PPP lender and can make PPP loans up to $250,000.
Applications for PPP loans through CEF are now open for small businesses. Please read this post in its entirety before going to the application page.
With the second round of PPP funding approved, now is the time to apply for a PPP loan through CEF. We encourage you to apply through CEF whether or not you have applied with another bank or financial institution. Conversely, we strongly encourage you to apply with other institutions in addition to CEF, as well. You are not restricted in the number of places you apply but you are restricted to accept only one PPP loan. The terms are standard with all lenders.
The new PPP allocation will go quickly and there is no guarantee that we can approve your loan, but we are going to do everything we can to make it happen. Applications will be processed on a first-come, first-served basis, subject to funding availability.
If you apply to CEF and through another lender, we ask that you notify us if you are approved through another lender so we can remove your application from our queue and work with the next CEF Borrower in line.
Again, we strongly encourage you to apply with CEF as well as with other lenders if you have not already received a PPP Loan. If you have any questions or need help filling out the application, please contact us. Need more information on the PPP loans and the CARES Act? View our CARES Act summary here.