The Amarillo National Bank is taking applications for the third round of Paycheck Protection Program loans.
To qualify for the First draw PPP Loan, which is available to businesses that have not previously received one, a business must not have more than 500 employees.
To qualify for a Second Draw which is available to businesses that previously received a PPP loan a business must have no more than 300 employees and be able to prove a revenue reduction of 25% or greater in any quarter of 2020 relative to the same quarter of 2019.
Second draw PPP loans are capped at 2-million dollars.
For more information, or to apply, contact Amarillo National Bank at anb.com.