Here to Help Amid COVID-19
We understand the significant impact that the coronavirus pandemic has had on our consumer and small business customers. Central Bank is committed to continuing to support your banking needs while providing a safe environment. Rest assured that, even with the preventative recommendations by the CDC and the State of Texas to contain the coronavirus (COVID-19), banking is deemed an essential activity. As we navigate these uncertain times together, the safety and well-being of our customers, employees and the communities we serve remains our top priority.
CDC COVID-19 Updates
PPP Loan Forgiveness Insight
Did you apply for the PPP loan, and now you have questions about how to ensure your loan is forgiven — and, instead, considered a grant? The SBA offers helpful information.
Central Bank Insight: Preparing for the PPP Loan Forgiveness Process
Our team is here to provide guidance during these uncertain times. Let us help ensure you approach the loan forgiveness process fully prepared and informed.
Paycheck Protection Program (CARES Act) Details
At Central Bank, our top priority is helping customers seek CARES Act assistance. Please note that we are currently processing applications and are not accepting new applications at this time.
SBA Economic Injury Disaster Loan
In response to the COVID-19 pandemic, small business owners in all U.S. states, Washington D.C. and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This program is open to any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19. Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards.
Sales Tax Relief
These are challenging times for businesses all over the nation. The Texas Comptroller’s office understands that, during periods of economic hardship, paying or remitting taxes and fees on time can feel like an extra burden. If your business is struggling to pay sales tax, the Texas Comptroller’s office can help.