According to the “letter of the law,” small businesses can apply for a PPP loan through any participating SBA 7 (a) lender, federally insured depository institution, federally insured credit union or Farm Credit System institution.While you don’t have to have a registered business to apply for a card, you could have to show some proof of the legitimacy of your business. Applying for a small business credit card can be a bit trickier than applying for a personal card. Chase Small Business Credit Card Application Tips.Bank of America followed with 343,626 loans totaling $26 billion, and PNC Bank. JPMorgan Chase Bank was the biggest PPP lender in terms of dollar amount, with 280,185 loans totaling $29 billion.Business swamped the PPP with loan requests when it launched in early April, claiming the initial $349 billion allocated to the program in less than two weeks. PPP loan recipients can have their loans forgiven in full if the funds were used for eligible expenses and other criteria are met.Small Business Administration gave it the green light to make $15 billion in new loans to some 211,000 business customers hurt by the outbreak of. JPMorgan Chase & Co said on Friday that the U.S.
