Frequently Asked Questions

Optus Bank does not require any customers to open accounts with us to qualify for a Paycheck Protection Loan.   If you wish to establish a banking relationship with us, please email kenny@optus.bank with a request to establish a banking relationship.

We are processing and funding PPP loans in the order they were received with a correctly completed application and all required documents.  Once an application along with all required information has been submitted, our processing team will review and submit to the SBA for approval if everything on the application and supporting documentation meets the SBA guidelines.  We will fund PPP loans within 10 days after the SBA issues an authorization number, assuming the application and documentation meet all the SBA guidelines.

We strive to fund PPP loans within 10 days after the SBA issues an authorization number, assuming the application and documentation meet all the SBA guidelines.  However, most applications require additional information and discussions with the customer, so this timeline is frequently longer.

No.  Optus Bank does not require any customers to open accounts with us to qualify for a Paycheck Protection Loan. If you wish to establish a banking relationship with us, please email kenny@optus.bank with a request to establish a banking relationship.

Yes, please forward any requests to the appropriate person and CC sba@optus.bank if PPP related or kenny@optus.bank for general inquiries.