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 5th, 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.


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.

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.