Paycheck Protection Program (PPP)

The Prosper Economic Development Corporation (PEDC) strongly encourages ALL Prosper businesses, regardless of size to apply for the Paycheck Protection Program (PPP) immediately!

Included in the table below are lending institutions located in Prosper, TX, that are available to help with processing your application and answering questions. If you have not already done so, contact them at your EARLIEST convenience.

The Federal government is also allowing banks which have not previously been SBA approved to process PPP loans.  If you have an existing relationship with a bank, call a representative there. Ask if your bank is available to help with processing a PPP loan. If not, reach out to an approved SBA bank listed below.

[ CARES Act and PPP Loan Overview ]
– from Texas Governor’s Office of Economic Development


LiftFund announces COVID-19 loan to assist small businesses. Apply online.

Existing SBA-Approved Local Banks for EIDLs and PPPspdf format
(or see table below)

SBA Loans: Approved Banks for EIDLs & Paycheck Protection Program (PPP)  

Updated April 2, 2020

12655 North Central Expressway
Dallas, TX

(469) 620-5990
Commonwealth Bank

2164 Royal Lane
Dallas, TX

(214) 617-5555

17218 Preston Road
Dallas, TX

(972) 735-3562
Seacoast Commerce

2340 West I-20
Arlington, TX

(817) 468-1180
BBVAusa.comSeacoast Commerce Bank
Live Oak Bank

4262 Live Oak Street
Dallas, TX

(214) 515-1743
Texas Bank (PROSPER)

290 S Preston Road
Prosper, TX

(469) 952-5500
JP Morgan Chase

8181 Communications Parkway
Dallas, TX

(214) 270-6000
First United Bank (PROSPER)

100 N Preston Road
Prosper, TX

(972) 335-1900

1518 Legacy Drive
Frisco, TX

(214) 596-6000
Independent Bank (PROSPER)

900 N Preston Road
Prosper, TX

(972) 548-3400
Wells Fargo

380 Town Crossing
McKinney, TX

(972) 547-5510
Wallis Bank

11135 Harry Hines
Dallas, TX

(214) 716-4800