Ineligible Businesses


OneUnited Bank

SBA Paycheck Protection Program
Ineligible Businesses


We are no longer accepting new PPP loan applications

OneUnited Bank is unable to approve Paycheck Protection Program (PPP) loan applications for the following business types:

Ineligible Businesses1

  1. Businesses Engaged in Any Illegal or Fraudulent Activities Under Federal, State or Local Law
  2. Businesses Engaged in Lending
    • Banks;
    • Life Insurance Companies (but not independent agents);
    • Finance Companies;
    • Factoring companies;
    • Investment Companies;
    • Bail Bond Companies; and
    • Other businesses whose stock in trade is money.
  3. Passive Businesses
    • Passive businesses owned by developers and landlords that do not actively use or occupy the assets acquired or improved with the loan proceeds (except as Eligible Passive Companies under 13 CFR § 120.111) are not eligible.
    • Businesses primarily engaged in subdividing real property into lots and developing it for resale on its own account are not eligible.
    • Businesses that are primarily engaged in owning or purchasing real estate and leasing it for any purpose are not eligible. For example, shopping centers, salon suites, and similar business models that generate income by renting space to accommodate independent businesses that provide services directly to the public are not eligible.
    • Businesses that lease land for the installation of a cell phone tower, solar panels, billboards, or wind turbine also are not eligible. However, the business operating the cell phone tower, solar panel, billboard, or wind turbine is eligible.
    • Businesses that have entered into a management agreement with a third party that gives the management company sole discretion to manage the operations of the business, including control over the employees, the finances and the bank accounts of the business, with no involvement by the owner(s) of the Applicant business, are not eligible.
    • Apartment buildings and mobile home parks are not eligible.
    • Residential facilities that do not provide healthcare and/or medical services are not eligible.
  4. Money Service Businesses
  5. Business Involved in the Cannabis Industry
  6. Business Involved in the Gambling Industry
  7. Life Insurance Companies
  8. Business Located in a Foreign Country or Owned by Undocumented (Illegal) Aliens
  9. Businesses Selling Through a Pyramid Plan
  10. Government-Owned Entities, Excluding Native American Tribes
  11. Businesses Engaged in SBA Loan Packaging
  12. Businesses Providing Sexual Material
  13. Businesses primarily engaged in political or lobbying activities
  14. Speculation
    • Speculative businesses are not eligible. This prohibits loans to an Applicant for:
      • The sole purpose of purchasing and holding an item until the market price increases; or
      • Engaging in a risky business for the chance of an unusually large profit.
    • Speculative businesses include:
      • Wildcatting in oil;
      • Dealing in stocks, bonds, commodity futures, and other financial instruments;
      • Mining gold or silver in other than established fields;
      • Research and Development; and
      • Building homes for future sale (except under the Builders CAPLines program).
  15. Small Business Lending Company (SBLC)
  16. Businesses Owned by Non-U.S. Citizens
  17. Businesses whose owners (including partial owners) are (a) currently indicted or arraigned, or (b) on parole for a criminal charge; or (c) were convicted of a felony within the last five years.

1 This list is not an exhaustive list of all ineligible businesses.