HUMBLE, Texas--(BUSINESS WIRE)--Third Coast Bank SSB is proud to announce we are successfully funding Paycheck Protection Program (PPP) loans through the Small Business Administration as authorized by the CARES Act. Our team has worked tirelessly to ready this process in preparation for funding these critical loans for our small business customers and prospects. Our bankers worked through the weekend to process hundreds of loan requests. As of today, we received in excess of $150 million in E-Tran (Electronic Transaction Origination) SBA loan approvals.
“I have always believed what a company does, big and small, defines it. In stressful times, it is magnified. Nearly a quarter of our bank participated in an all weekend push to process hundreds of loans. These loans are critical to our small businesses and we are running 24/7 to help them. I am so proud of our team’s dedication and ingenuity to help our community,” said Bart Caraway, President and Chief Executive Officer of Third Coast Bank SSB.
Our small business owners can apply directly for the loan by filling out the PPP application located on our dedicated Third Coast Bank CARES page. Please visit us at www.tcbssb.com for more up to date information.
Third Coast Bank was established in March of 2008 by a group of local organizers seeking to create a relationship oriented bank committed to personal service and community contribution. We are proud to be locally owned with grassroots values and an entrepreneurial spirit. We distinguish ourselves by anticipating and exceeding the expectations of our customers, building sustainable partnerships, maintaining the highest standards of ethical business conduct, being aware of and responsive to the needs of our community, and always being mindful of the fact that customers have a choice.