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TSB Coronavirus (COVID-19) Preparedness and Prevention

 

Texas Security Bank is committed to helping the champions of free enterprise, your small business, navigate the COVID-19 SBA loan relief options. Texas Security Bank is a SBA Preferred Lender with experience to guide you through the process. Below are our ongoing communications to keep you up to date on the latest information as it evolves. Also provided are the two programs the SBA will be offering to assist businesses in this current economic environment.

 

 

PPP - Second Draw Loans

Second Draw PPP Borrower Application (use this form if you previously received a PPP loan)

Second Draw PPP Supplemental Form

First Draw PPP Borrower Application (use this form if you have not previously received a PPP loan)

Commercial Deposit Account On-Boarding Package

Letter to PPP Clients Regarding Second Draw Loans 12-28-2020

New COVID Relief Aid Legislation – December 2020 -- Summary of Small Business Support including PPP Second Draw

 


PPP - Application For Forgiveness

The Paycheck Protection Program provides federally-guaranteed loans up to a maximum amount of $10 million to eligible businesses, which can be partially forgivable, to encourage businesses to retain employees through the COVID-19 crisis by assisting in the payment of certain operational costs. For businesses that have received a PPP loan through Texas Security Bank, the application for loan forgiveness can be submitted at the end of the Borrower’s Covered Period, which can be at point from 8 weeks up to 24 weeks from the original disbursement date.

  

Post-Approval Loan Forms

Standard Application for Loan Forgiveness 1-19-2021

Standard Application for Loan Forgiveness Instructions 1.0

PPP Loan Forgiveness Application 3508EZ

PPP Loan Forgiveness Application 3508EZ Instructions

PPP Loan Forgiveness Application 3508S (loan amount of $150,000 or less)

PPP Loan Forgiveness Application 3508S Instructions (loan amount of $150,000 or less)

Documentation Checklist

PPP Reduction in Wages Worksheet

Business Speaker Series (Recording) - Payment Protection Forgiveness Segment

TSB PPP Forgiveness Business Speaker Series Slide Deck

TSB PPP Portal

PPP Myth vs. Fact

 

 

 

 

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