2 Years Since COVID — How Can We Help Your Texas Small Business?

March 28, 2022

Small businesses in the Texas Gulf Coast region have been affected in many different ways by the events of the past two years. We’ve heard so many stories, experiences, and accounts from business customers as we have walked together through some of the hardest times imaginable – while also looking forward to the rebound.

That’s why we want to tell you more about how we can help Texas small businesses. Perhaps you are still recovering from the disruption or you are already on the other side of the crisis growing your business again. No matter where you are on the journey, we can offer you personalized banking solutions to address common post-pandemic challenges.

Help With Challenges Facing Texas Small Businesses

Over the past two years since the COVID-19 pandemic reached Texas, one of the most prominent issues that we have heard from our customers is supply chain problems.

Supply chain disruptions have affected procurement and cash flow cycles for companies in industries such as real estate, manufacturing, and construction. Other industries have been affected by extended business cycles impacting their ability to invoice for products or services. Perhaps your business is still feeling the effects of these issues as you find ways to recover.

Recovery has been difficult, though. Because some industries were affected more than others, the crisis made the recovery process “uneven and hard to predict,” as described by the Comptroller of Texas. One way to smooth out the recovery is to have the right banking partner in your corner.

Banking with a local community bank like Texas Gulf Bank is always advantageous. You will receive personalized service and access to a banker that truly aims to understand your company. Through this positive relationship, your business will be well-positioned to navigate the unique economic landscape that we are currently living in post-pandemic.

A Track Record of Supporting Customers During COVID

In 2020, a big challenge for small businesses was needing to obtain PPP (Paycheck Protection Program) loan funding to keep the business afloat.

During the height of the pandemic, we heard from many of our business customers that a PPP loan was the only way they could keep their business going. For example, a PPP loan supported employee retention and kept balance sheets stable while there was so much uncertainty.

We also heard from several companies that without access to a PPP loan, they would not have been able to survive in their industry, as so many of their peers were hit very hard and had to shut down due to pandemic-related circumstances.

That’s why we are proud to say that we were one of the first banks in the Houston market to administer large amounts of PPP loans when the program officially started. Then, many of our business customers were some of the first companies in Houston to receive PPP loan funding to their bank accounts, which alleviated the anxiety of local business owners during the early months of the pandemic.

Two years later, we aren’t slowing down our support. Most government stimulus programs that are still ongoing are directly administered by the Small Business Administration (SBA) rather than using banks as an intermediary. However, as bankers, we can point your business in the right direction towards specific resources and programs that still exist and could be beneficial for your business.

Expediting the recovery of your business is part of our long-term commitment to business customers. We didn’t back down from the challenge to support our customers in 2020, and we won’t back down helping your company prosper in 2022 and beyond.

Consider some specific ways that we can help your small business move forward.

Consider Our Business Loans and Financing Options

We proudly offer several business loan and financing solutions for our customers in the Texas Gulf Coast region. Whether you’re ready to upgrade equipment, increase employee headcount, or make a significant capital purchase, we have the right loan for your business.

We will provide you with the flexibility that your business needs in the post-pandemic business environment. Plus, we offer competitive rates of interest and payment schedules for each of our small business loans so that you have ample room to grow.

Find a loan product that fits your need:

• Commercial Real Estate Owner & Non-Owner-Occupied Construction, Purchase or Acquisition Financing & Refinancing.
• Working Capital Lines (including Inventory Loans).
• Equipment Loans.
• SBA Loans.
• Letters of Credit.
• Agricultural Loans for Crops or Equipment.

When you’re ready to apply for a loan, one of our experienced commercial loan officers will walk you through the loan application process, review our current rates and payment plans, and help you take advantage of a solution that’s right for your business. It’s a smooth process to obtain the funding that you need.

Contact us today to discuss our available loan and financing options. Texas small business help is readily available. Let’s work together to help your business continue to recover and grow.

All Loans Subject to Credit Approval