Updated January 9, 2021: The SBA announced that the Paycheck Protection Program (PPP) will re-open soon. Commerce Bank does not fall into the “community financial institutions” category as mentioned in the press release; therefore, we are not able to accept applications on Monday, January 11th. Once the SBA releases guidance regarding when all participating lenders, such as Commerce Bank, can accept applications, we will update it here.
Small businesses have long been the backbone of the American economy. Healthy businesses not only create jobs and opportunities, but are also an important part of our communities.
One of the greatest challenges many businesses face is accessing the capital they need to finance growth opportunities. SBA loans are an extremely valuable solution for our business customers.
As an SBA designated Preferred Lender, Commerce can offer you benefits not available through the general SBA process. What does that mean for you? With the ability for Commerce to approve SBA loan requests in-house, the turnaround time is drastically reduced, saving you weeks of waiting. And we all know that when it comes to business, time is money.
Review business size and industry NAICS code standards that qualify a business for SBA programs.Get details
Learn more about other funding programs offered directly through the SBA.Get details
In addition to PPP, learn more about Disaster Assistance options directly through the SBA.Get details