Frost Bank execs offer tips for San Antonio-area small businesses to navigate PPP loan process

Some San Antonio groups wanting to provide assistance to very small local businesses seeking federal stimulus money turned to bankers at Frost Bank for tips. They are targeting businesses with fewer than 50 employees.

On a conference call Thursday, Frost Bank CEO Phil Green and other bank officials shared the ins-and-outs of the Paycheck Protection Program — a stimulus program run by the Small Business Administration that is distributing millions to small businesses to use for payroll and other expenses like rent and utilities.

“We applied the things that we learned from the very strenuous process of applying for those PPP loans through the SBA and kind of put a presentation together,” Frost spokesman Bill Day said. Frost Bank was among the banks that processed the most loans in San Antonio during the PPP’s first round of funding, which provided $349 billion to businesses last month. The second round, with $310 billion, is under way.

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