Dear Members and Partners:
As part of the CARES Act, the Paycheck Protection Program authorizes forgivable loans from Small Business Administration (SBA) lenders to small businesses to keep their employees on the payroll and to help pay for other costs associated with keeping the business operating, such utilities, during the COVID-19 crisis. Currently, only small businesses and sole proprietorships can apply for this program. The other good news is Congress also included independent contractors and self-employed individuals, who may also begin applying starting Friday, April 10.
You must apply through an existing SBA lender or through any federally insured depository institution, credit union, or Farm Credit System institution that is participating.
We're blessed in that Abilene's financial landscape is populated by strong, local institutions that qualify as SBA lenders. They are institutions we know and trust and are members of the Abilene Chamber of Commerce.
Please use the list below as a starting point:
Abilene Banking Center – Coleman County State Bank
BBVA Compass Bank
Citizens Bank, N.A.
First Bank Texas
First Financial Bank
First National Bank Albany/Breckenridge - Abilene Office
First State Bank
Happy State Bank
Ken Bowles, Scott Jones and Annette Anders
Haskell National Bank
Ed Greenlee and Mark Odle
Security State Bank – Buffalo Gap
Texas Heritage Bank
David Estes (325) 370-6930
Texas National Bank
As always, we remain committed to sharing any and all information we can to make these troubled times easier for all our business members, large and small.
Stay safe and stay vigilant!
See someone that needs to be added to the list? Email us here.