You may apply for a Small Business Administration guaranteed low-interest loan through the Paycheck Protection Program as part of the CARES Act. Your business's situation determines how the loan amount will be calculated. The maximum loan amount is generally the lesser of 2.5 times a business's average monthly payroll during the prior year or $10 million. We are accepting applications for the Small Business Administration's Paycheck Protection Program. To manage volumes, at this time, only Citi Small Business Banking clients may apply. Other submissions cannot be processed at this time. Please check back later for updates.
Apply & Receive Your Funds
Use Eligible Expenses
Start Making Payments 6 Months After Funding is Received
Apply for Loan Forgiveness
To help make this as easy as possible, we've outlined the documents you'll need and the application process below.
Gather records of your payroll costs. The most recent four quarters of Form 941 filings are required, or all Form 941 filings that occurred if the business started operations less than 12 months ago. If you are a sole proprietor that is an Independent Contractor, you may submit form 1099 MISC. See detailed FAQs.
You are responsible for and will need to attest to deducting any employee salary in excess of $100,000 in your loan request.
Apply Now to start your application.
Upload required documents and submit application.
Receive your confirmation email and complete the electronic contracts sent through DocuSign®.
Keep in mind, we are accepting applications for the Small Business Administration's Paycheck Protection Program. To manage volumes, at this time, only Citi Small Business Banking clients may apply. Other submissions cannot be processed at this time. Please check back later for updates.
Make sure you've gathered the required documents listed above. Remember, you can only accept funds from one financial institution.
For the best application experience, Google Chrome is preferred.Apply Now