The Paycheck Protection Program (PPP) has provided relief for small businesses all across the nation and as the impacts of the pandemic continue to take effect, the additional funds for the PPP and simplified forgiveness process are welcomed. The SBA re-opened the PPP on a limited basis the week of January 11 for new borrowers and certain existing PPP borrowers. Initially, a designated subset of community financial institutions were able to make First Draw PPP Loans beginning Monday, January 11, and Second Draw PPP Loans beginning Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter.
Farm Bureau Bank was proud to serve the small businesses of San Antonio during the first two rounds of PPP. We are preparing for the third round and will soon be accepting applications. If you would like to be notified, please complete our Notification Form.
If you are interested in learning more about the Paycheck Protection Program's latest enhancements, please visit our website. We will continue to update our information as the SBA releases details.