UPDATE: June 29, 2020 7:30 A.M. PT

Important information for small business owners about the Paycheck Protection Program, market insights & more.

With funding for the Paycheck Protection Program still available, we are continuing to accept new applications. We are happy to accept new Paycheck Protection Program applications from any small business, independent contractor, self-employed individual or non-profit that qualifies and has not yet applied for a loan through this program.

As an SBA-preferred lender, California Bank & Trust is well positioned to help you efficiently navigate the loan application process.


The last day for a lender to obtain an SBA loan number for a PPP loan is June 30, 2020. CB&T will stop taking new applications at 4:00 p.m. (PT) on June 30, 2020. If you apply for a PPP loan but have not submitted a complete loan application package and documentation required by the SBA and California Bank & Trust (CB&T), the application will be automatically canceled on June 30, 2020. Given the proximity to the deadline when a lender may obtain a PPP loan number, it is possible that your application may not be processed in time to meet the June 30, 2020 deadline even if you submit a complete loan application package. If your application has not received an SBA loan number by the SBA deadline, you will be notified that your application will not proceed and has been canceled. Please be advised that CB&T makes no guarantee that your SBA Paycheck Protection Program loan application will receive an SBA loan number prior to the earlier of the funds running out or June 30, 2020. CB&T further makes no guarantee that you will receive an SBA PPP loan.

Please review the following resources before starting your application. Incomplete applications will not be accepted.

ATTENTION: If you are applying for loans on behalf of more than one business entity, you will need to complete separate applications for each loan requested. You will also need to use a unique login and different email address for each application.

If you have ownership in more than one business, please be prepared to complete Addendum A, which will need to be uploaded as part of the application process.

PLEASE NOTE: New applications that are incomplete and inaccurate, or do not include an accurately calculated and properly documented loan amount, requisite ownership and other eligibility information and an accurate 6-digit NAICS (North American Industry Classification System) code for your business, will not be processed. You will also be required to have a current transactional (e.g., checking) account with us bearing the same legal name under which your business applies for the loan, in order for us to deposit the loan proceeds.

The SBA has published important information about the Paycheck Protection Program. This information is updated frequently, and we recommend you refer to it periodically. Click here to visit the Treasury website (to which SBA information is posted), including Frequently Asked Questions posted under Program Rules, as well as other resources.

Due to the significant interest in the Paycheck Protection Program, and the large number of applications being received across the country, we cannot guarantee funding will be available to all who apply.

Message from David Blackford, Chief Executive Officer

On behalf of the California Bank & Trust (CB&T) team, we are committed to helping your business get back on its feet and providing the path for long-term success. Helping clients rise above challenging times is a part of our DNA. As a leading bank for small businesses, we care deeply about the vitality of California's entrepreneurs, their businesses, and employees.

Currently, we are working through new Paycheck Protection Program submissions. However, given the tremendous interest in the program, there is no guarantee that new applicants will receive funding. We know how important this is to your business, and we will continue to process applications until funds are exhausted.

I am aware that businesses may see some adverse impact on their customers' behaviors and short-term spending as a result of COVID-19. Despite this, CB&T is committed to serving your needs during both good and challenging times. If you need assistance or advice, we’re here for you.

David Blackford, Chief Executive Officer

CB&T Paycheck Protection Program Highlights | to-date

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Zions Bancorporation* successfully processed 45,365 loans totaling $6.89 Billion.

  • As a result of PPP, our clients reported preserving payroll for 603,921 jobs as certified in their applications.

* California Bank & Trust (CB&T) is a division of Zions Bancorporation, N.A.

Commitment to our clients

The effects of COVID-19 haven’t been easy for businesses and nonprofits, but CB&T is committed to helping them recover. Here’s how one Orange County Business is using their Paycheck Protection Program loan to support their payroll and the organization's future.

Blue Buoy

Blue Buoy Swim School

Since 1956, Blue Buoy Swim School in Orange County has taught generations of students the life skill of swimming and water safety. Nine former Blue Buoy students have even represented the United States in the Olympics. When COVID-19 hit, owners, Johnny and Cindy Johnson were forced to cease operations and furlough 30 employees. The PPP has provided a real lifeline as they work to reopen.

“Richard was fantastic and was available every step of the way,” Johnson said. “He helped answer questions and assist with collecting the documents needed to have a complete application on its way to the SBA funding portal.”

While it is not believed that COVID-19 can be transmitted by chlorinated water, Blue Buoy will be implementing enhanced operating procedures including masks, frequent sanitizing, distancing protocols, touchless faucets and closely monitoring updated guidelines set by the CDC and OC Health Department.

Alternative lending options

As an SBA Preferred Lender, we can review your alternative loan options* with the SBA. We can help you submit your application and close your loan as quickly as possible. Learn about the two different options for SBA loans:

7a SBA Loan

SBA 7(a) loans have the most flexible use of proceeds and may be used for everything from buying an owner-occupied building to providing working capital to expand your business.

504 SBA Loan

Secure long-term financing to acquire equipment or owner-occupied commercial real estate, plus a low-down payment and long-term fixed interest rates.

The Federal Reserve has announced that it is establishing a Main Street Lending Program to support lending to medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. For more details on eligibility and conditions, please visit Main Street Lending website.

To learn about additional options, contact us today.

Useful Links

Market Insights at your fingertips

  • Stay up to date on the economy and financial markets with our latest Market Insights Quarterly – Q1 2020 Review.
  • To help clients stay informed during these times of market volatility, CB&T is providing educational webinars on the economy and financial markets, Click here to view webinars on-demand.



Subject to credit and SBA approval. Terms and conditions apply. See banker for details.