COVID-19 Banking Resources and Support for Businesses

At Regions, we’re committed to helping your business navigate the uncertain economic environment brought about by the coronavirus (COVID-19) crisis. Please review these available resources and contact us. We’ll work with you to find banking solutions for your changing business situation.

Financial Relief Programs for Small Businesses

Paycheck Protection Program (PPP)

Starting January 19, we are accepting first-and second-draw PPP loan applications from eligible customers who established a business banking relationship with Regions on or prior to December 1, 2020. Customers can apply through our easy-to-use PPP Portal¹.

Small Business Loan Payments

If you’re having difficulty making payments on your small business loans, contact your local branch or call 1-866-298-1113.

Business Credit Card Payments

If you’re having difficulty making payments on your small business credit cards, call 1-866-298-1113.

Working as One Team

At Regions, serving our customers as one team is at the core of our values, and our team came together during this challenging time to help small businesses navigate the Paycheck Protection Program (PPP).

Helping Businesses Navigate Unprecedented Economic Times

Whether you're running a small business or managing operations at a large organization, we want to provide you with resources to help you navigate these challenging and unprecedented economic times. Learn more about managing your finances and operations, supporting your team, and protecting your company against fraud during this time.

Fee Waivers on Small Business Checking and Savings Accounts

Penalty-free business CD withdrawal²
Waived fees for excessive withdrawals on all business savings and money market accounts³
Other deposit account fee waivers based on your needs⁴

Other SBA Loan Options to Help Your Business

SBA 504

The SBA 504 loan is designed for business owners who want to purchase fixed assets such as equipment, machinery and real estate.⁵

SBA 504 Loan Details

SBA 7(a)

An SBA 7(a) Loan allows businesses to borrow up to $5 million to use for business expansion, equipment purchases or to refinance debt.⁵

SBA 7(a) Loan Details

SBA Express

An SBA Express Loan is a loan or line of credit between $100,000 and $350,000. Funds may be used for working capital, business expansion and purchase of fixed assets.⁵

SBA Express Loan Details

Ways to Contact Your Banker

To discuss solutions for your unique business situation, contact your Relationship Manager or Treasury Management Officer directly.
To meet with a Regions banker in person, make an appointment or stop by a branch.
For Business Online Banking support, call 1-800-472-2265.

For updates on our COVID-19 response, visit our main information page.

Coronavirus Information

We recommend that you continue to watch for PPP updates on the SBA and U.S. Treasury websites. We will continue to update our site as we have more information about the PPP. We encourage you to consult with an attorney, accountant or other professional advisor(s) as you consider use of funds and your particular situation. Application processing times, application authorization, and availability of funds are not guaranteed and are dependent on, among other things, SBA systems availability, processing, and guidelines, as well as PPP funding availability.
The no-penalty offer allows customers to make one partial or complete withdrawal without penalty. The penalty-free withdrawal must be made more than seven days after the issue date or the most recent renewal date (whichever is later). Any other withdrawals will be subject to penalties. The penalty will only be waived at customer request beginning January 2, 2021, subject to the sole and absolute discretion of Regions Bank.
Excessive withdrawal/item fees on savings and money market accounts will only be refunded at customer request beginning with activity appearing on the January 2021 statement, subject to the sole and absolute discretion of Regions Bank.
All assistance is available for a limited time, may be subject to other exclusions and restrictions, and is subject to change or withdrawal without notice, all in the sole and absolute discretion of Regions Bank.
The U.S. Small Business Administration is committed to furthering the growth and development of small businesses. One of the ways it does this is by guaranteeing loans to small businesses made through lending partners nationwide. Regions Bank is both an SBA Preferred Lender and one of America’s most experienced SBA lenders. The SBA does not make loans directly to small businesses. Rather, it sets guidelines for loans, which are made by lending partners nationwide, including banks and economic development organizations, such as Certified Development Companies. For the SBA(7)a and SBA Express loans, the SBA guarantees a percentage of the loan, minimizing risk to the lending partners and increasing the possibility that small businesses will receive the funds they need. Please contact a Regions banker to discuss qualification criteria, potential fees, and whether an SBA loan can fit your business needs. All loans and lines of credit are subject to credit approval.