Paycheck Protection Program (PPP) Status
Bankwell has partnered with Cross River Bank for the next phase of Paycheck Protection Program (PPP) loans and will be referring all clients to Cross River Bank for the next round of applications. Cross River was ranked 3rd in the country in number of PPP approvals, with over 198,000 PPP loans approved, totaling $6.5 billion.
Applications will be made on Cross River’s website and then submitted to the SBA. All Servicing and Forgiveness for these new loans will be handled by Cross River or their designee.
Click here to access the Cross River PPP Portal.
Although Bankwell is exclusively referring our clients to Cross River, the decision to apply for any PPP loan, including the next round through Cross River, is solely up to the applicant.
Please note that all loans and forgiveness applications relating to already funded loans obtained through Bankwell will continue to be serviced by Bankwell.
As a Borrower, you are responsible for understanding the program rules and if your loan qualifies for forgiveness. Bankwell does not provide legal, financial, tax, or similar advice in connection with your forgiveness application. If you have questions about forgiveness requirements please consult with your attorney, accountant, financial advisor, or other relevant advisors for assistance.