The coronavirus pandemic is affecting small businesses in a variety of ways. From loss of business to remote work, things are changing fast during the COVID-19 outbreak and businesses are being forced to adapt. T Bank is working to bring you the best resources and information to help you navigate this challenging time.
COVID-19 Loan Options
- Paycheck Protection Program
- Economic Injury Disaster Loan (EIDL)
In addition to the Paycheck Protection Program loan, the SBA is also offering an Economic Injury Disaster Loan (EIDL) to small business owners. You can apply for this low-interest, federal disaster loan here, directly through the SBA.
We are currently awaiting guidance from the SBA on the full details of these two programs. In the meantime, this comparison chart illustrates each program as we understand them right now. You can also download this helpful document for more information.
Loan Customers – 972-720-9000
Loan Specialists are available Monday through Friday 8am-5pm CST
Banking Customers – 972-720-9000
Customer Relationship Managers are available Monday through Friday 8am-5pm CST