Texas Nursery & Landscape Association | Austin, TX
Texas Nursery & Landscape Association | Austin, TX
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    • Webinar
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    • TNLA Highlights Events/CEUs
    • TNLA Retail Summit
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    • Love Your Citrus
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    • NEW TGRA Awards Program for Retail
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      • Families First Coronavirus Response Act
      • TNLA CEU Smorgasbord
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      • Paycheck Protection Program PPP
      • Rules in Texas & TNLA Response
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      • TNLA Digital Branding Opportunities
      • The Green Shop - Think Different
      • Best of Texas Landscape Guide
      • TNLA Green Archives
    • Member/Product Search
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    • New to the Industry
    • Landscape Texas for Consumers
    • Texas Water Smart
  • Scholarships & Career
    • TNLA Career Center - NEW Jobs
    • TNLA Foundation
    • Grow Texas Scholarship Program
    • The Land Lovers
    • Seed Your Future
    • Landscape Challenge
  • Regions
    • REGION I - San Antonio
    • REGION II - Houston
    • REGION III - East Texas
    • REGION IV- Dallas
    • REGION V - Fort Worth
    • REGION VI - Panhandle
    • REGION VII - Rio Grande
    • REGION VIII - Central Texas
    • Out of State
  • About TNLA
    • Join TNLA Today
    • Endorsed Services & Discounts
    • Award Winners
    • Strategic Partners
    • TNLA Staff
    • TNLA Board of Directors
    • TNLA Code of Ethics
  • Membership
    • Advocate
    • Collaborate
    • Cultivate
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paycheck protection program (ppp)

Paycheck Protection Program (PPP)
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. 

This includes g
uaranteed loans for small businesses with fewer than 500 employees for up to $10 million fall under the Paycheck Protection Program. Loans can be used for payroll, as well as paid sick, medical or family leave; costs related to the continuation of group health care benefits; mortgage payments; and rent, utilities and other debts. Loans are available at community banks to small businesses that pledge not to lay off their workers. The loans would be available during an emergency period ending June 30 and forgiven if the employer continued to pay workers through the end of June. TNLA is working fast to source syndicated information to help your business, continue to check back for more.
Apply for Assistance
SBA FAQ for PPP
Interim Final Rule on Paycheck Protection Program
Texas SBA Lender List
Family First Act (FFCRA)
CARES ACT
PAYCHECK PROTECTION PLAN (PPP)
RULES IN TX/RESPONSE
Embrace Your Space
TNLA COVID 19 Blog Updates

Applying for the Paycheck Protection Program

You can apply for the Paycheck Protection Program (PPP) at any lending institution that is approved to participate in the program through the existing U.S. Small Business Administration (SBA) 7(a) lending program and additional lenders approved by the Department of Treasury. This could be the bank you already use, or a nearby bank. There are thousands of banks that already participate in the SBA’s lending programs, including numerous community banks. You do not have to visit any government institution to apply for the program. You can call your bank or find SBA-approved lenders in your area through SBA’s online Lender Match tool. You can call your local Small Business Development Center or Women’s Business Center and they will provide free assistance and guide you to lenders.
Lender Match Tool
Small Business Development Tool
Women's Business Center

Who is Eligible for the loan?

You are eligible for a loan if you are a small business that employs 500 employees or fewer, or if your business is in an industry that has an employee-based size standard through SBA that is higher than 500 employees. In addition, if you are a restaurant, hotel, or a business that falls within the North American Industry Classification System (NAICS) code 72, “Accommodation and Food Services,” and each of your locations has 500 employees or fewer, you are eligible. Tribal businesses, 501(c)(19) veteran organizations, and 501(c)(3) nonprofits, including religious organizations, will be eligible for the program. Nonprofit organizations are subject to SBA’s affiliation standards. Independently owned franchises with under 500 employees, who are approved by SBA, are also eligible. Eligible franchises can be found through SBA’s Franchise Directory.
Employee-Based SBA Size Standard
SBA Affiliation Standards
SBA's Franchise Directory

What is the Maximum amount I can borrow?

​The amount any small business is eligible to borrow is 250 percent of their average monthly payroll expenses, up to a total of $10 million. This amount is intended to cover 8 weeks of payroll expenses and any additional amounts for making payments towards debt obligations. This 8 week period may be applied to any time frame between February 15, 2020 and June 30, 2020. Seasonal business expenses will be measured using a 12-week period beginning February 15, 2019, or March 1, 2019, whichever the seasonal employer chooses.

How can I use the money such that the loan will be forgiven?

The amount of principal that may be forgiven is equal to the sum of expenses for payroll, and existing interest payments on mortgages, rent payments, leases, and utility service agreements. Payroll costs include employee salaries (up to an annual rate of pay of $100,000), hourly wages and cash tips, paid sick or medical leave, and group health insurance premiums. If you would like to use the Paycheck Protection Program for other business-related expenses, like inventory, you can, but that portion of the loan will not be forgiven.

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