Helpful Resources for the CARES Act & Paycheck Protection Program

April 1, 2020

Paycheck Protection Program UPDATE 04/28/20:

 Due to such high demand, Texas Gulf Bank unfortunately must temporarily suspend acceptance of Paycheck Protection Program applications for non-TGB clients.

Please continue to check our website for updates.

*Loans are subject to certain underwriting criteria as required by the rules of the CARES Act.

Paycheck Protection Program UPDATE 04/24/20:

 As of April 24th, 2020, additional funding of $310 billion was added to the Paycheck Protection Program (PPP).  Texas Gulf Bank is ready to accept applications from existing customers, as well as inviting new customers to apply. 

Request an application or speak to a lender by calling us at 800-467-7216 or sending an email to sbaloans@texasgulfbank.com.

Texas Gulf Bank is proud to report we have been able to help more than 300 small business owners with Payroll Protection loans totaling more than $56 million.  In addition, we have welcomed many new customers to our TGB family through this program.

*Loans are subject to certain underwriting criteria as required by the rules of the CARES Act.

CLICK HERE for further information and guidance

from the U.S. Small Business Administration.

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BEWARE OF PAYCHECK PROTECTION PROGRAM (PPP) FRAUDSTERS

According to the Federal Trade Commission, fraudsters pose as companies offering Small Business Administration’s (SBA’s) Paycheck Protection Program (PPP) loans to small business owners.  These companies, who are misleading many small business owners, are NOT Small Business Administration on (SBA) affiliates. 

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