Tag Archives: PPP

Lone Star Steps Up To Help

Finance/Banking News Comments
Restaurants like this one in Brownsville are the type of businesses that applied for SBA emergency loans. (VBR)

Lone Star National Bank President David Deanda knew he and his staff had the challenge of a banking lifetime before them.  The outbreak of COVID-19 had brought the South Texas economy to a sudden and shocking halt. Small businesses in the Rio Grande Valley were soon desperate for help. The federal government offered two lifelines. One was the Paycheck Protection Program. The other was the Economic Injury Disaster program.  Both…

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PPP Loan Applications Resume April 27

Business Advice Featured News Comments
Paycheck Protection Program

The Small Business Administration will resume accepting Payroll Protection Program loan applications on April 27 at 11:30 a.m. CDT from approved lenders on behalf of any eligible borrower. The announcement comes today from administrator of the Small Business Administration Jovita Carranza and U.S. Treasury Secretary Steven T. Mnuchin. According to the application announcement, “the PPP has supported more than 1.66 million small businesses and protected over 30 million jobs for…

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