Paycheck Protection Program.

Proudly facilitating 3,178 PPP loans for just over $285MM, helping small businesses put America back to work.

On December 27, 2020, President Trump signed into law a $900B COVID-19 relief bill, allocating $284 billion for First and Second Draw forgivable Paycheck Protection Program loans and making several simplifications to the program. See what's different about Round 2 in this NBC story and find even more clarification in this helpful resource.

Banks our size started processing the next round of PPP applications through the SBA on Tuesday, January 19, 2020. 

On February 22, 2020, the Biden Administration announced several PPP reforms aimed at assisting small businesses with fewer than 20 employees.

Additionally, the loan calculation formula for sole proprietors, independent contractors and self-employed individuals allowed business owners to utilize gross rather than net income. On March 3, the SBA released its new interim final rule and new application forms implementing Paycheck Protection Program changes for sole proprietors and other borrowers that file IRS Form 1040, Schedule C.

On March 30, President Biden officially extended the PPP application deadline until May 31, 2021 or when the funding expires, whichever comes first. 

Here at Vista Bank, we are pleased to report that as of today, we are processing applications for qualified current and new clients within our Texas footprint. Get started today by contacting your nearest Vista location or completing this contact form so we can reach out to you.

Questions about PPP Loan Forgiveness?


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Total Funded Loan Amount: $296,626,152


Total Funded Loans: 3,591 


75% to New Clients


$92 Smallest Loan


The December 27th bill also clarified that businesses that received PPP loans would be able to take tax deductions for the expenses covered by forgiven loans. See your accountant for clarification on how this impacts your business.


The latest bill repeals the EIDL Advance Deduction that had required PPP borrowers to deduct the amount of their EIDL Advance from their PPP forgiveness amount and establishes that EIDL Advance borrowers should be made whole without regard to whether those borrowers are eligible for PPP forgiveness.

It also includes an additional $20 billion for new Economic Injury Disaster Loans. Interested businesses must apply for these loans directly with the SBA as they did prior.


With the recent highly publicized cyber-attack affecting almost every level of the federal government, we can not overemphasize the need to be extremely vigilant with your information. 

Vista Bank will NEVER ask for your username, passwords, PINs, or personal account information through unsolicited emails, phone calls, text messages, or pop-up windows. If you receive an unsolicited request for this information, please call or visit your local branch or our centralized customer service number at 877.888.4782.

Learn more in our Fraud Resource Center.

*All provided information is subject to SBA guidelines and caps that are fluid and subject to change.

**Please note, Vista Bank will take every measure possible to ensure your success in this government program. However, funds are not guaranteed to be received as they are limited by the current federal total and are being addressed on a first-come, first-serve basis by the SBA and Treasury upon approval.

I want to take a moment to share how much Vista Bank has helped our third-generation small business.  Myself not having any experience with SBA Loans/Grants, I was intimidated by the forgiveness process.  I am so thankful Vista had Ben on their team to assist us. We cannot thank you enough for all you have done for and with us. Here's to the future of working together.

- Kristin