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TransPecos Banks. Texas Banking at its Best.

Main Street Lending Program

We are proud to support businesses participate in the new Federal Reserve Main Street Lending program focused on providing business loans to help eligible medium-sized and small companies through the COVID-19 pandemic.
 
TransPecos Banks will support the  Main Street New Loan Facility and Main Street Priority Loan Facility:
 

Main Street New Loan Facility

  • $250,000 - $35 million
  • Maximum Loan Size set at 4X Adjusted 2019 EBITDA 

Main Street Priority Loan Facility

  • $250,000 - $50 million
  • Maximum Loan Size set at 6X Adjusted 2019 EBITDA
 
Both facilities offer the following terms:
  • 5 year loan at adjustable rate of LIBOR (1 or 3 month) plus 300 basis points
  • Principal payments are deferred for 2 years, interest payments are deferred for 1 year
  • Principal payments are paid 15% (year 3), 15% (year 4), 70% (year 5)
  • Prepayment is allowed, without penalty
  • Origination and transaction fees will apply
 
*At this time, TransPecos Banks is not accepting new applications. Please continue to check back for updates to the program.