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TransPecos Banks. Texas Banking at its Best.

Paycheck Protection Program Loans

Paycheck Protection Program Loans  

  • Loans valued up to 2.5x your business's average monthly payroll, or $10 million, whichever is lower
  • May be used for payroll, employee salaries, rent, utilities, mortgage interest or debt obligations incurred before February 15, 2020
  • No principal or interest payments for 6 months
  • Qualifying amount used for payroll, rent, mortgage interest, utilities, and wages to tipped employees will be forgiven (see FAQs below) 
  • Remainder can be paid back via a 1.00% fixed-interest rate, 2-year term note
  • Loans are unsecured and do not require a personal guarantee
 
Apply for the Paycheck Protection Program with TransPecos Banks by clicking the button below.  Note this will send you to a third-party portal, NYMBUS SmartLenders, we are working with closely to collect and process your application  
 
Apply for Paycheck Protection Loan
 
 
Payroll and entity document requirements for Corporations, LLCs, Limited Partnerships, Non-profits, Sole Proprietorships, Independent Contractors
 
 Note - this is a secure site, so you will need to log in with your email address and password you created when you first signed in
 
If you have any additional questions please reach out to us at ppp@transpecosbanks.com we are here to help you succeed.