With the additional funding provided by the new COVID-19 relief package, the SBA resumed accepting Paycheck Protection Program (PPP) applications on Monday, April 27. We are again accepting and processing PPP loan applications and will continue to process existing applications on file with us until funds are exhausted. We have approved more than $640 million in PPP loans, to more than 3,500 small businesses, affecting over 55,000 jobs and we are still processing new loan requests.  


As an SBA Preferred Lender, our PPP teams are working nights and weekends to deliver extraordinary customer service to businesses across the Houston region. Please know that despite the dedicated efforts of our team to accommodate all requests received, we cannot guarantee your application will be processed, approved or funded. We greatly appreciate your patience and understanding and pledge to support you through the PPP loan process.



Previously Submitted Applications:

Applications previously received, which did not receive SBA approval prior to the initial round of funding being exhausted, continue to be our priority. Please contact your Allegiance Banker for an update on your application.


New Applications:

To begin your application, please contact your Allegiance Banker. If you do not have a banker, please send an email with your contact information to and a banker will reply.


SBA PPP Resources

  • PPP Loan Forgiveness Webinars: The SBA’s Houston District Office is hosting a series of daily webinars to provide BORROWERS with official guidance on the PPP loan forgiveness process. Additional information including webinar links can be found on the SBA Houston District Office website here.
  • PPP FAQ: Access the latest SBA PPP FAQ document for lenders and borrowers here.
  • Interim Final Rule: Access the Department of the Treasury’s Program Rules here.

CARES ACT: Paycheck Protection Program (PPP)

Please note that the following information is subject to change per the U.S. Small Business Administration and the U.S. Department of the Treasury.    

About the Paycheck Protection Program

As the Houston region's largest community-based SBA Lender, we are preparing to support the small business community through the CARES Act and its signature loan program, the Paycheck Protection Program (PPP). 

The Allegiance Bank SBA Department and Allegiance Bank’s 27 Bank offices in the greater Houston/Beaumont area will assist small businesses in obtaining financing through this program.

The PPP is meant to assist small businesses with support for payroll and other business-related expenses as they deal with the impacts of COVID-19.


Note:  SBA will provide additional guidance 

  • All businesses with up to 500 employees
  • Non-Profit Organizations
  • Churches
  • 501c3 Organizations that do not receive Medicaid
  • Veterans Organizations
  • Tribal Business Concern
  • Sole Proprietorships
  • Independent Contractors
  • Eligible Self-Employed Individuals

Expenses Covered

Note:  SBA will provide additional guidance 

  • Group health insurance benefits, paid sick leave, medical and insurance premiums
  • Mortgage or rent payments
  • Utilities
  • Interest on any other debt obligations incurred before the loan period  

Note Terms

Note:  SBA will provide additional guidance 

  • SBA fees waived
  • No collateral
  • No personal guarantee
  • If you maintain employment for the covered period, your loan balance will be forgiven
  • Loan amounts not forgiven, can be paid over 2 years with an interest rate of 1.00%


Allegiance Bank SBA Lending

Retain more working capital and improve the cash flow of your small business.

Allegiance Bank provides SBA loans through a partnership with the U.S. Small Business Administration’s 7(a), 504 and Express loan programs. These loans typically provide the business owner with financing terms not available elsewhere under conventional loan guidelines. SBA loans offer the borrower a lower equity injection (as low as 10%) and longer payment terms (up to 25 years – depending on the use of proceeds). These benefits allow the small business owner to retain more working capital and improve the cash flow of the business.

SBA loans can be used for the following:

  • Purchase, expansion or construction of an owner-occupied building
  • Equipment purchases
  • Business acquisitions
  • Partner buyouts
  • Expansion of a successful franchise to additional locations

Allegiance Bank’s SBA Lending Team has over 75 years combined experience in SBA Lending. All loan decisions and loan closings are local, which improves the SBA loan process.

In addition, Allegiance Bank SBA supports lending to Veteran business owners. Contact our SBA Department about our "Veterans Pledge Program."


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