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As of December 2020, Axos Bank is not accepting applications for the Small Business Administration’s Paycheck Protection Program (PPP), whether for existing or new clients.

Paycheck Protection Program (PPP) Resource Page

If You Submitted a PPP Application That Has Not Yet Been Approved

Please continue to check your email for communications from Axos Bank regarding your PPP loan application.

If You Submitted a PPP Application That Has Been Funded

Congratulations! As a reminder, Axos Bank has developed an online portal where you will be able to request reimbursement or disbursement of your funds. Access the portal to submit your disbursement request.

Your disbursement request will be reviewed. Once it is approved, the requested funds will be moved to your unrestricted Basic Business Checking account.

You can register for the portal or reset your password quickly and easily.

Manage Your PPP Funds With Your Basic Business Checking Account

Once the proceeds of your PPP loan have been disbursed to your new small business bank account, you’ll need to manage your funds in online banking. “Getting Started with Your New Small Business Account” outlines everything you’ll need to know in order get the most out of your Basic Business Checking account, including how to register for online banking (Step 1), set up Bill Pay (Step 5), and more.

If you’ve already registered for online banking, you can log in to access your funds.

PPP Loan Forgiveness

Business owners who receive a PPP loan and who use the proceeds for payroll and other eligible expenses may be able to have some or all of their loan forgiven. To learn more about approvable expenses and eligibility criteria for PPP loan forgiveness, refer to "What amounts shall be eligible for forgiveness?" (Section III.1.f.) of the Interim Final Rule provided by the Small Business Administration (SBA). Please keep in mind not all expenses are eligible for loan forgiveness.

Additional Information

Important information about the PPP is available on the SBA website. The SBA and the Department of the Treasury have published PPP FAQs that are updated frequently, and we recommend all current and prospective applicants refer to them periodically.

If you have any questions regarding your PPP loan with Axos Bank, you can reach a specialist at (888)-585-4962.