Paycheck Protection Program
Chase is committed to helping small businesses navigate the new Small Business Administration (SBA) Paycheck Protection Program. The program provides small businesses with funds to pay up to 8 weeks of payroll costs, including benefits. Funds can also be used to pay interest on certain qualifying mortgages, rent, and costs for utilities, as more fully explained in SBA materials.
This program is provided through Chase as well as other financial institutions, but it is an SBA program and, accordingly, the requirements and availability of loans under the program are primarily driven by the SBA. Funds are limited.
Please complete the form below for a Chase Representative to contact you about the application process1.
Any loan made under the U.S. Small Business Administration’s ("SBA") Paycheck Protection Program must be submitted to and approved by the SBA. As there is limited funding available under the Paycheck Protection Program, it is possible that not all applications submitted will be approved by the SBA. Chase is participating in the Paycheck Protection Program to help businesses experiencing the economic impacts from COVID 19 obtain funding through this Program. Chase anticipates high volumes of inquiries and applications and that there may be processing and system issues that impact the intake, ordering and/or submission of loan requests to SBA. While Chase will use best efforts in this extraordinary time, Chase cannot guarantee it will be able to take your application or submit it before SBA funding is no longer available. By using Chase to seek an application, you understand and agree that Chase will not be liable to you where you fail to obtain a Paycheck Protection Program loan. As such, by seeking an opportunity to apply through this process with Chase, you release and waive claims concerning Chase’s processes and systems for this process and for obtaining, ordering and submitting applications to SBA and you further release and waive to the maximum extent not prohibited by law any claims against Chase for special, exemplary, punitive or consequential damages relating to this process or any application. This provision supersedes any prior communications, understandings or agreements on the issues set forth herein.
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