Guiding you through the PPP process

To our valued nonprofit partners,

Congress recently approved $284 billion in additional relief to support small businesses and nonprofit organizations during the coronavirus crisis. This latest iteration of the SBA Paycheck Protection Program (PPP) targets organizations with up to 300 employees that have experienced at least a 25% reduction in revenue in any quarter in 2020 compared to the same period in 2019. It also promises a simpler process for loan forgiveness than earlier programs.

Flagstar is participating in this round of PPP. We are now partnering with Loan Source/ACAP, a firm specializing in helping businesses and nonprofits access their PPP funds and maximize loan forgiveness.

How to apply for a PPP loan

The Loan Source Smart Portal brings together in one place the information you need to determine if a PPP loan is right for you. Starting today, you can submit your PPP application from within the Smart Portal, which provides helpful digital tools to guide you through the process.

Visit the Loan Source to apply

For questions about the PPP loan application and approval process, please contact Loan Source directly:

Loan Source/ACAP

theloansource.com/partners/flagstar/

1-800-929-2235   support@theloansource.com