Home : Woodforest Cares : Community Support : COVID-19 : PPP
We are here for our customers, even during times of uncertainty.

Woodforest continues to work alongside small businesses in our local communities to navigate the complexities of procuring needed funds under the Small Business Administration's (SBA) Paycheck Protection Program (PPP) as well as the associated PPP forgiveness process.

Program Highlights

  • Allows businesses who qualify to obtain a first-time PPP loan.
  • Enables businesses who received a PPP loan under the CARES act to apply for a second loan (also called a second draw loan).
  • Allows existing borrowers not eligible for a second draw loan to use funds for additional permitted expenses.
  • Simplifies the loan forgiveness process for loans of $150,000 or less.

Applying for a PPP loan?

Use the link below to access additional information, resources, and the online PPP loan application system.




Have an existing PPP loan and seeking forgiveness?

Use the link below to access the online PPP loan forgiveness application system, information, and quick reference guide.



For all our customers, please know your Woodforest family is here and ready to help, dedicated to serving your business needs during this unprecedented time.

Update 3/25/2021

Important!

Congress has passed an extension to the PPP Program. The PPP program now expires on May 31, 2021. Woodforest is processing applications promptly but has a current backlog. The SBA must approve all PPP loans and there can be a lengthy turnaround time for that process to be completed as well. For those reasons, we cannot guarantee loans applied for on time will be submitted to or approved by the SBA by the May 31 deadline.


If you have already submitted your application, please check your email as we may request additional required information before we can submit your application to the SBA.


Call us (toll-free) at (800) 685-6783 for questions or assistance.


Eligibility criteria for PPP loans has been changed to allow additional small businesses to apply. Learn more

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