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 any point from 8 weeks up to 24 weeks from the original disbursement date.