PPP Funding

The Covid Relief Bill signed into law December 27, 2020 provides an additional $284.5 billion in funding for the Paycheck Protection Program (PPP). As a national top SBA lender, BayFirst is here for what's next for your business.

Effective March 5^th, BayFirst has partnered with ACAP/The Loan Source for all new applicants who have not previously received a login and password to BayFirst’s PPP Portal. This partnership will make your PPP 2.0 application process easier and allow us to help more small business owners. Our partner ACAP/ The Loan Source will handle the entire process including application, communication, documentation, and loan funding. This should be a seamless process for you.

Please click below to apply for a Round 2 PPP application.

Apply Today

Click below if you applied have already applied for a loan directly with BayFirst before March 5th, have received a login and password to BayFirst’s PPP Application Portal, and need to access your application.

Access my existing 2nd round PPP application

Important First Draw PPP Information

Maximum loan amount is $10 million
Maximum amount of employees is 500
Your business must have been established as of February 15, 2020

Important Second Draw PPP Information

Maximum Loan of $2 million
- Loan amount equals 2.5 times average monthly payroll
- For Accommodation and Food Services businesses loans will be calculated based on 3.5x the average monthly payroll.
Maximum number of employees is 300
Must use or commit to using all of the first PPP loan received
Demonstrate a 25% reduction in gross receipts in any quarter of 2020 compared to that same quarter in 2019

All information is subject to final rules and regulations published by the SBA.

PPP Resources

First Draw PPP Loan Application Requirements
Second Draw PPP Loan Application Requirements
Affiliate Addendum A

Addendum B
PPP Hold Code Guide
Certificate of Authority
Loan Calculation Workbook
PPP Loan Portal Guide
How to Calculate Your Maxiumum Loan Amount
Portal Borrower FAQs
Portal Application Status Update Definitions
Schedule C Filers - Calculation Updates and Timing to Re-Apply
Schedule C Filers - Document Requirements
PPP FAQs
PPP - IFR 4 - Revisions to Loan Amount Calculations

You are now leaving the BayFirst website. By clicking the 'OK' button below, you will enter a different website created, operated and maintained by a private business or organization. BayFirst is not responsible for the content, views, or privacy policies of this website. We take no responsibility for any products or services offered by this website, nor do we endorse or sponsor the information it contains. In addition, websites may change location, ownership and address frequently. BayFirst is not responsible for the accessibility of this link. Would you like to continue?