## Where to Apply for a PPP Loan Without a Business Account
The Paycheck Protection Program (PPP) is a loan program designed to help businesses keep their employees on the payroll during the COVID-19 pandemic. The program is available to businesses with fewer than 500 employees, and the amount of the loan is based on the business’s average monthly payroll costs.
To apply for a PPP loan, you will need to provide the following information:
* Your business’s name and address
* Your business’s taxpayer identification number (TIN)
* The number of employees you have
* Your average monthly payroll costs
* Your business’s gross revenue
You can apply for a PPP loan through any participating lender. A list of participating lenders is available on the Small Business Administration (SBA) website.
**If you do not have a business account, you can still apply for a PPP loan.** However, you will need to provide additional documentation, such as:
* A copy of your business license
* A copy of your personal tax return
* A statement from your bank that verifies your business’s income and expenses
You can also apply for a PPP loan through a non-profit organization that is partnering with a participating lender. A list of non-profit organizations that are partnering with lenders is available on the SBA website.
**The deadline to apply for a PPP loan is June 30, 2021.** However, the SBA encourages businesses to apply as soon as possible, as funds are limited.
## Frequently Asked Questions
**Q: What is the maximum amount of a PPP loan?**
A: The maximum amount of a PPP loan is $10 million. However, the amount of your loan will be based on your business’s average monthly payroll costs.
**Q: What is the interest rate on a PPP loan?**
A: The interest rate on a PPP loan is 1%.
**Q: How long is the term of a PPP loan?**
A: The term of a PPP loan is 2 years.
**Q: Can I use a PPP loan to pay for anything other than payroll?**
A: Yes, you can use a PPP loan to pay for other expenses, such as rent, utilities, and supplies. However, at least 75% of the loan must be used for payroll costs.
**Q: Do I have to repay my PPP loan?**
A: No, you do not have to repay your PPP loan if you use the funds for eligible expenses. However, if you use the funds for ineligible expenses, you may be required to repay the loan.
## Additional Resources
* [SBA PPP Loan Application](https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program/apply)
* [List of Participating Lenders](https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program/find-a-loan)
* [List of Non-Profit Organizations Partnering with Lenders](https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program/nonprofit-lending-partners)