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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) 
  • Loans are unsecured and do not require a personal guarantee
 
We are no longer accepting new Paycheck Protection Program Loans at this time. 
 
If you have any additional questions please reach out to us at ppp@transpecosbanks.com we are here to help you in the forgiveness process.