Austin lenders offering SBA/ PPP loans

Posted on 04/03/2020 by Austin Chamber of Commerce

The U.S. Department of Treasury launched the Paycheck Protection Program on Friday, April 3. It has indicated at this time that PPP loans offered under the CARES Act are first come, first served.

You can read guidelines and more on the treasury.gov page here.

It is recommended that you reach out to the bank or lender you currently do business with before applying to a lending institution that is not familiar with your business's financial details.

Please see the list below of our members that are offering SBA loans.

Note: The current financial climate is uncharted territory for lenders, borrowers, and the federal agencies that back them. Your bank may request extra patience from you in the coming weeks as the entire financial sector works to navigate new challenges and relief strategies for businesses during the COVID-19 health crisis. This is not an exhaustive list of lenders in the Austin region.

A

Affiliated Bank

Amegy Bank

American Bank

American Bank of Commerce

Amplify Credit Union

B

BancorpSouth

Bank of America

Bank of Austin

BB&T

BBVA Compass

Broadway Bank

C

Capital One

Central National Bank

Chase

F

First United Bank

Frost

G

Guaranty Bank & Trust

H

Horizon Bank

I

IBC Bank

P

PlainsCapital Bank

Prosperity Bank

R

RBFCU

Regions Bank

S

Silicon Valley Bank

Southside Bank

Spirit of Texas Bank

T

Texas Capital Bank

U

UFCU

W

Wells Fargo Bank

* As of the morning of April 7, 2020: Wells Fargo has ceased SBA loan applications at this time.



Related Categories: COVID-19 resources, For businesses