New Jersey Community Capital is partnering with Customers Bank to participate in the second round of the SBA-administered Paycheck Protection Program (PPP) to offer PPP loans to eligible small businesses through the SmartBiz application platform.
The Small Business Administration’s (SBA) Paycheck Protection Program (PPP) re-opened on January 11, 2021 for first-time borrowers and second-round borrowers. The application deadline for a PPP loan is March 31, 2021. PPP loans will be made available through Customers Bank, and will be processed using the SmartBiz application platform.
Customers Bank is one of a handful of financial institutions to create a hybrid fintech model to support the PPP loan program to quickly direct economic relief to small businesses across the country.
Questions?
For questions regarding the PPP loan terms, availability of capital or inquiries related to a submitted application, please contact Miguel Alban, Senior Vice President Director of Multicultural Banking at Customers Bank at malban@customersbank.com.
Please direct questions regarding the application interface or technical issues to SmartBiz at support@smartbizloans.com.
ApplicationThrough CAPC’s Down Payment Assistance Program, Monica and Manuel were awarded a $48,500 grant to assist in the purchase of a home and reduce their monthly mortgage.
Learn more about New Jersey Community Capital's current programs and initiatives.
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