Skip Navigation Download Adobe® Acrobat Reader to view Portable Document Format (PDF).
TransPecos Banks. Texas Banking at its Best.

Paycheck Protection Program Forgiveness

The PPP Round 1 and 2 Forgiveness Portal is open for borrowers to apply for forgiveness.  Please ensure all required documentation is provided at the time of application. 

Continue to check the portal frequently for updates on the progress of your application.

 

Click to access PPP forgiveness portal

 

Required documentation:

Payroll (provide documentation for all payroll periods that overlapped with the Covered Period):
  • Bank account statements or third-party payroll service provider reports documenting the amount of cash compensation paid to employees
  • Tax forms (or equivalent third-party payroll service provider reports) for the periods that overlap with the Covered Period:
    • Payroll tax filings reported, or that will be reported, to the IRS (typically, Form 941); and
    • State quarterly business and individual employee wage reporting and unemployment insurance tax filings reported, or that will be reported, to the relevant state
  • Payment receipts, cancelled checks, or account statements documenting the amount of any employer contributions to employee health insurance and retirement plans that the borrower included in the forgiveness amount

Non-payroll (for expenses that were incurred or paid during the Covered Period and showing that obligations or services existed prior to February 15, 2020, for the first three listed obligations/services):

  • Business mortgage interest payments: Copy of lender amortization schedule and receipts verifying payments, or lender account statements
  • Business rent or lease payments: Copy of current lease agreement and receipts or cancelled checks verifying eligible payments
  • Business utility payments: Copies of invoices and receipts, cancelled checks or account statements
  • Covered operations expenditures:  Copy of invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements verifying eligible payments
  • Covered property damage costs:  Copy of invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements verifying eligible payments, and verification that costs were related to uninsured property damage due to public disturbance vandalism or looting that occurred in 2020
  • Covered supplier costs: Copy of contracts, orders, or purchase orders in effect at any time before the Covered Period (except for perishable goods), and copy of invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements verifying eligible payments
  • Covered worker protection expenditures: Copy of invoices, orders or purchase orders paid, and receipts, cancelled checks or account statements verifying eligible payments, and verification that expenditures were used to comply with COVID-19 guidance

 

Forgiveness package review timing: 

No later than 60 days after receipt of borrower’s completed forgiveness application, the lender will: 

  • Complete the review of the application and determine forgiveness eligibility.
  • Approve in Full or in Part
  • Deny or Denied without Prejudice
  • Notify the borrower of the outcome
  • If lender denies forgiveness in full, lender must notify the borrower in writing that it has issued a decision to SBA denying application
  • Issue a decision to SBA
The SBA will then have up to 90 days to review and render a payment decision to the lender.