SBA Disaster Assistance
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.
Customer Communication
Texas Security Bank March 20th SBA Communication Letter
Texas Security Bank March 30th SBA Communication Letter
SBA Paycheck Protection Program (PPP)
The Paycheck Protection Program provides federally-guaranteed loans up to a maximum amount of $10 million to eligible businesses, which can be partially forgivable (as elaborated below in the Key Facts), to encourage businesses to retain employees through the COVID-19 crisis by assisting in the payment of certain operational costs. Business owners will apply for the Paycheck Protection Program directly with Texas Security Bank.
Pre-Approval Loan Forms
SBA Paycheck Protection Program Key Facts
Paycheck Protection Program Application
Paycheck Protection Program Supplemental Information Form
TSB Commercial Account Document Requirements
Post-Approval Loan Forms
SBA PPP Forgiveness Application Form
PPP Reduction in Wages Worksheet
Business Speaker Series - Payment Protection Forgiveness Segment
TSB PPP Forgiveness Information
SBA Economic Injury Disaster Loan (EIDL)
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Business owners will apply for the Economic Injury Disaster Loan directly through the Small Business Administration website. See more detailed information below.
SBA Economic Injury Disaster Loan Information
