Affiliated Bank is an SBA Preferred Lender

Update 4/24/2020

On April 23, the U.S. House approved an additional $310 billion to replenish the Paycheck Protection Program (PPP) and the bill was signed by President Trump today. The SBA has announced that it will reopen the PPP application process on Monday, April 27.

Affiliated Bank has continued to accept and process PPP applications and will begin submitting loan requests to the SBA for final approval as soon as the SBA site is reopened.

The U.S. Treasury has created a comprehensive information sheet for the PPP, including details on loan forgiveness. Click here to review.

Affiliated Bank will continue to monitor the latest developments and communicate them accordingly through this website page.

If you are interested in our assistance with the SBA Paycheck Protection Program (PPP) please complete the form below.

For security reasons, do not disclose private information in this form, such as your account number or tax ID number. 


Update 4/21/2020

This afternoon, the U.S. Senate approved an additional $310 billion to replenish the Paycheck Protection Program (PPP) to allow this critical program to continue. The bill now needs to be ratified by the U.S. House, which is set to consider the bill on Thursday, April 23. Currently, there is no clear indication of when the SBA will open up the application process.

Affiliated Bank will continue to monitor the latest developments and communicate them accordingly through this website page.


Update 4/16/2020

The SBA announced this morning that no further applications for the Paycheck Protection Program (PPP) would be considered, as the program has reached its funding limit. Currently, there are no additional funds available.

In light of this news, Affiliated Bank will no longer be able to submit PPP applications to the SBA for consideration. Please know this is an SBA, not Affiliated Bank, limitation based on available appropriations funding.


Update 4/8/2020

Understandably, demand for this assistance program has been exceptionally high. Affiliated Bank is actively processing all applications received and monitoring the contact information we have obtained. We are continuing to contact all individuals who have submitted their information to us.

Based on the overwhelming number of requests we have received, if you do not have an existing relationship with Affiliated Bank, we encourage you to reach out to your current Financial Institution and/or other participating SBA lenders for assistance. The last thing we would want to do is slow down your window of opportunity as we hope all who require assistance during this difficult time receive it.

We appreciate your patience and understanding during these unprecedented times.


Update 4/3/2020

The Texas Bankers Association has created a comprehensive outline of the Paycheck Protection Program (PPP). Click here to review. 


Update:  4/2/2020

If you have previously submitted your contact information via this webpage or directly to your banker:

A member of our CARES Team will be sending you the Paycheck Protection Program (PPP) Application Form, via DocuSign. Please note, if you have already completed and returned the PPP Application Form to us, we will need you to complete this again via DocuSign. The SBA requires electronic signatures to have a record/certificate which DocuSign provides.  If you own multiple businesses, you will need to complete one (1) PPP Application Form within DocuSign for each business, per the SBA.

Following is the list of documents, at a minimum, that we anticipate will be needed to process your application.  We expect the final program details from the SBA by the end of this week and we will communicate any changes to this list with you.

  • Completed SBA Paycheck Protection Program Application
  • Executed Entity Resolution
  • Articles of Incorporation/Organization for borrowing entity
  • Bylaws/Operating Agreement for borrowing entity
  • Driver’s License for each owner
  • Social Security Number for each owner
  • Payroll expense verification documents for 2019 through the current period to include:
    • IRS Form 940 and 941
    • Payroll Summary Report with corresponding bank statement
    • If a Payroll Summary Report is not available, Employee Pay Stubs as of February 15, 2020 (or corresponding period) with corresponding bank statement
    • Breakdown of payroll benefits (vacation, allowance for dismissal, group healthcare benefits, retirement benefits, etc.)
    • 1099s (if Independent Contractor)

NOTE: You must submit all the documents requested by the SBA. If you do not submit all the required documents, your loan cannot be processed.

Affiliated Bank has marshaled a substantial number of people as well as internal resources to be part of our CARES response in order to assist businesses through the crisis. Please be aware that this assistance program is available for a limited time and has a fixed amount of government approved funding.  Once the time has expired or the funding has been allocated, Affiliated Bank will have no ability to complete the loan. Affiliated Bank will make every effort to process all completed applications in an efficient and effective manner but cannot guarantee approval. Until the loan is funded, there is no guarantee the government retains sufficient funds to process the loan under the program. Please make every effort to submit clear and concise payroll documentation.  The bank must validate your payroll records to determine loan eligibility and subsequently process loan forgiveness at the proper time. Any documentation that is difficult to understand may cause a delay in processing.

Please feel free to call our Customer Support Team at (800) 395-3900 if you have any questions.

Affiliated Bank is strong and well prepared for this storm. We are committed to doing everything we can to help our clients who have been affected by the recent COVID-19 developments.

Maintaining our high level of customer service remains a top priority as we work through these unprecedented challenges together.


Update:  3/31/2020

The US Treasury Department website was updated with additional information and forms related to the Paycheck Protection Program.

Excerpt from the US Treasury Department website:

Assistance for Small Businesses

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

You can also access the site directly by going to www.treasury.gov/cares.


The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is aimed at providing financial relief to the American people and American businesses in response to the economic fallout from the Coronavirus (COVID-19) pandemic.

The CARES Act provides for $349 billion for small businesses through federally backed loans under a modified and expanded Small Business Administration (SBA) 7(a) loan guaranty program called the Paycheck Protection Program.

The Small Business Administration (SBA) is currently working on defining the details for assistance to small businesses impacted by the Coronavirus (COVID-19) pandemic and those details are anticipated within the next two weeks.

Affiliated Bank, an SBA Preferred Lender, has the knowledge and staff to fully engage in the SBA’s assistance process just as soon as it is made available. We will continue to monitor the SBA’s process and communicate updates via our website and/or through email.

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