Paycheck Protection Program (PPP)

COVID-19 Resources for Businesses

Paycheck Protection Program and Economic Aid Act

Updated January 19, 2021

The Economic Aid Act (Act) has appropriated additional funding for the Paycheck Protection Program (PPP) to provide small business relief during this time. This Act has made additional changes to the prior Program, including the ability for existing PPP borrowers to reapply for a “second draw” loan.  

 Review the details below—which include a highlight of the changes—as well as instructions for how to apply, and what information will be needed. 


Apply for a PPP Loan

Due to the limitations of available funding, at this time, we can only accept applications from current ANBTX customers (consumer and/or business). However, our goal is to always help our communities. If you are not a current customer, but would like to talk to a banker or lender, visit a local banking center or schedule an appointment.

PPP Loan Forgiveness

a young business owner banking at ANBTX

For Loans $150,000 and Below

A simplified application process will be available the week of March 8 for these loans. At this time, there is no action required until the revised process is in place.

For Loans Above $150,000

Contact your banker, lender, or our SBA Help Desk for details and instructions on how to apply.

Highlights of New Legislation

  • Simplified application for forgiveness will be available for loans under $150,000, which we expect to be ready to leverage the week of March 8.
  • Added “Second-Draw” loan for existing PPP borrowers, who will be eligible if they have 1) used all of their first PPP loan (or will have used by the time of disbursement of the second loan); 2) have no more than 300 employees; and 3) can demonstrate a year-over-year quarterly Gross Sales/Revenue reduction of at least 25%.
  • Expanded list of allowable and forgivable expenses, which apply to existing PPP loans for which a borrower has not yet received forgiveness as well as 2nd Draw PPP Loans
  • More flexible forgiveness covered period, which is the time period you use your PPP funds.

Review additional details here >> PPP-2021-Legislation.pdf

What You Will Need to Apply

Gather the following payroll and non-payroll information, as applicable, for your business:

  • Payroll tax forms (typically IRS form 941)
  • Third-party payroll reports or internal payroll reports
  • Breakdown of Payroll benefits (healthcare, group insurance, retirement, etc.)
  • Bank Statements or cancelled checks that document expenses
  • Business mortgage interest payments or rental cost
  • Business utility statements
  • Financial reports from 2019 and 2020 that demonstrate a 25% reduction in gross receipts when compared to the same quarter in the prior year (Second Draw Loans only)

How Can We Help?

Contact us to learn more about resources and assistance.