Quote Originally Posted by WestCoastFunding View Post
It seems that BofA will only process PPPs for existing clients who have both a business banking account AND a loan with BofA:

“Eligible clients who plan to apply for the Paycheck Protection Program loan should be aware of the following important items:

You must have a pre-existing business lending and business deposit relationship with Bank of America, as of February 15, 2020.”
Most banks are doing the same.