NOTICE: Beginning April 13, 2021, Regions will reopen its PPP Portal for new first draw and second draw PPP Loan Applications from eligible Regions customers, and we will begin accepting Forgiveness Applications through the PPP Portal for PPP loans of more than $150,000.

Under the recently enacted PPP Extension Act of 2021, the Small Business Administration (SBA) will take PPP loan applications until May 31, 2021, unless Program funds are depleted prior to that date. With this extension, Regions will accept new first and second draw PPP applications and supporting documentation via our PPP Portal beginning April 13. To allow sufficient processing time, we currently plan to accept these new applications until May 21 at 5 p.m. CT. However, we may close the portal to new applications earlier without notice, depending on application volume, depleted funds, program changes, or other factors.

When Regions resumes accepting PPP loan applications on April 13, we will only accept applications from eligible Regions customers. Eligible customers include:

• Customers who established a business banking relationship on or prior to January 31, 2021
• Customers who received a first draw PPP loan with Regions AND are applying for a second draw loan through our PPP Portal

To apply for a PPP loan through the Regions PPP Portal:

• You will need access to Regions Online Banking. If you are not currently enrolled in Online Banking, we encourage you to enroll now. If you forgot your Regions Online Banking credentials or need assistance, you can reset your Online ID and Password here or  call 1-800-REGIONS (734-4667).
• If you are submitting a second-draw PPP loan application, you will need all of the following information in order to authenticate and access your existing Regions PPP loan:
• Original SBA PPP 7(a) Loan Authorization Number
• Loan Amount
• TIN (SSN or EIN)

Key points to keep in mind:

• You must have a Regions deposit account for business before any PPP loan funds can be disbursed through Regions. If you do not have a Regions deposit account for business, please contact your Regions Relationship Manager or visit your local branch to open an account.
• To better ensure we can process your PPP loan application in a timely manner, we recommend you familiarize yourself with the eligibility provisions and documentation required by the SBA. While the Regions PPP Portal allows you to save your work and return later, documentation requirements will vary based on loan size and application type. For the latest PPP information, including program rules and requirements, please visit the SBA PPP site or the U.S Treasury page.
• Since the inception of the PPP, the U.S. Treasury and the SBA have continually modified guidelines regarding the PPP. You should study the CARES Act, Paycheck Protection Program Flexibility Act (PPPFA), recently enacted legislation and SBA rules carefully. You should consult with your attorney, accountant or other professional advisor(s) as you consider use of funds and your particular situation.

Note: 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.

PPP Portal

PPP Loan Forgiveness

Beginning April 13, 2021, Regions will accept Forgiveness Applications through the PPP Portal for PPP loans of more than $150,000. Depending on eligibility, you will be able to submit the Standard Loan Forgiveness Application, Form 3508 or Form 3508EZ Application.

The portal is already open for Forgiveness Applications on loans of $150,000 or less using the Form 3508S.

PPP Loan Forgiveness Details