SBA Paycheck Protection Program

General Information


First Republic is pleased to be a participant in the Small Business Administration (SBA) Paycheck Protection Program (PPP), a part of the CARES Act, and provide to our existing small business and nonprofit clients access to apply for loans through this program.

The CARES Act was enacted to provide immediate assistance to individuals, families, and businesses affected by the COVID-19 emergency. As a component of this Act, the PPP is a loan designed to provide a direct incentive for small businesses and nonprofits to keep their workers on the payroll. We are proud to have provided thousands of our existing small business and nonprofit clients successful access to this program’s funds.


  • If you are an existing client of First Republic who is experiencing a financial hardship related to COVID-19, please reach out to your banker directly.

  • For Paycheck Protection Program borrowers, please click here for informational resources on the forgiveness application.


Important Information on the Small Business Administration (“SBA”) Paycheck Protection Program
The SBA is making Paycheck Protection Program (“PPP”) loans available on a “first-come first-served” basis. Given the strong expected demand, and uncertainties with the SBA process, documentation requirements, and program requirements, there may be delays in processing your application or the disbursement of funding upon application approval. By accepting this application, First Republic is not committing to lend these funds, but will use reasonable commercial efforts to submit Applicant’s application for acceptance by the SBA for inclusion in the Paycheck Protection Program on Applicant’s behalf, provided we get a completed application and supporting forms and documentation required for submitting such an application, including all required certifications and additional information and documentation as First Republic may require. First Republic cannot guarantee applications to the PPP will be accepted by the SBA, or that there will be adequate government funding to serve such strong expected demand. First Republic also cannot guarantee subsequent forgiveness of any loan amounts, which is subject to the SBA’s requirements, calculations and approval. Applicant is required to submit any and all information, consents, forms and documentation that First Republic requests from Applicant as a condition to First Republic submitting an application, funding a loan to Applicant or later forgiving any portion of the loan. Applicant agrees to accept the final SBA loan note terms which have not yet been published (and First Republic’s interim PPP note terms if not in conflict with applicable program requirements). SBA indicates that their final note terms will be consistent with the PPP rules adopted by the US Treasury Department and SBA Form 147, but the final terms may be different than expected. Applicant agrees to provide on-going reports and information of types and on forms not yet finalized, but are expected to include, among other things, reporting on: Applicant’s payroll and employee headcount numbers as of various relevant dates; and Applicant’s use of the loan proceeds.

If the SBA does not forgive Applicant’s PPP loan in whole or in part, for whatever reason, Applicant remains responsible to repay the principal and interest on the loan or any part thereof that the SBA has not forgiven. First Republic and the SBA rely on the information that Applicant supplies in connection with its application and loan. If that information is not correct, or Applicant do not qualify for the loan or loan forgiveness, Applicant remains liable to First Republic (or any subsequent holder of Applicant’s note) for repayment of the loan.

First Republic is not acting as Applicant’s advisor in determining whether Applicant qualifies for a loan or whether the information Applicant provides or the certifications that Applicant makes are correct. That is Applicant’s responsibility. First Republic and the SBA are relying on Applicant, as the borrower, to determine whether Applicant qualifies and whether the information that Applicant submits and the certification that Applicant makes in support of the PPP loan application are accurate and complete.