COVID-19
As concerns continue about coronavirus (COVID-19), we can help you navigate available resources, answer your business questions and be a trusted partner for your business. Despite the impact of COVID-19, rest assured the SBDC is here to help and we value the privilege to be of service.
Our business consultants are here to help answer your questions, apply for business resources and plan during a disruption. We can help with applying for relief, guiding you through available resources, cash flow concerns, supply chain interruptions, workforce capacity, insurance coverage and more - at no cost.
APPLY FOR FUNDING
Paycheck Protection Program (PPP)
At this time, PPP funds have been exhausted. However, there is a pool of PPP funds that were set aside for community financial institutions like CDFIs and that pool still has $8b available. The funds will be available until May 31, 2021.
Find a participating CDFI through the SBA's Lender Match portal, or contact us for help.
Economic Injury Disaster Loan (EIDL)
Apply for an EIDL loan HERE. The EIDL Advance is still pending re-opening.
Restaurant Revitalization Fund (RRF)
This program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.
Start your RRF application here.
Shuttered Venue Operators Grant (SVOG)
This grant provides emergency assistance for eligible venues affected by COVID-19. Apply here.
NEW GUIDELINES HAVE BEEN ISSUED FOR PPP LOANS
First Round Updates:
If you returned all or part of your original PPP funds or accepted less than offered, you can request additional funds.
If your organization is a 501(c)(6), or in destination marketing, cooperative housing, or certain news industries, you are eligible to apply for PPP funds.
New uses for PPP funds including some operating expenses, property damage costs, supplier costs, and worker protection.
Second Draw Guidelines:
If you have already received PPP funding, you may be eligible to apply under new rules that provide additional funds to those who can show at least a 25% loss when comparing the same quarter of 2019 to 2020.
Click here to access America's SBDC's
Federal Resources for Small Businesses.
Click here to access SBDCNet's
COVID-19 Small Business Resources.
Texas Department of Health and Human Services
COVID-19: Guidance for Employers, Employees, and Customers of Reopened Retail Services
Click image to view full size.
Click on the image above to learn about the differences between the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL).
This page was last updated on 5/17/21.