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Texas Department of State Health Services: Re-opened Retail Guidelines 04/17/2020


Governor Abbott Announces Approval Of Emergency Designation For Small Business Disaster Loans From U.S. Small Business Administration

March 20, 2020 | Austin, Texas | Press Release

Program: The SBA’s Economic Injury Disaster Loan program
What it provides: Working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Who qualifies: Businesses with no more than 500 employees, sole proprietorships, independent contractors, cooperatives with no more than 500 employees, Employee Stock Ownership Plans with no more than 500 employees, private non-profit organizations that are a non-governmental agency or entity that currently has an effective ruling letter from the IRS granting tax exemption under sections 501(c),(d), or (e) of the Internal Revenue Code of 1954, and others
More information: https://covid19relief.sba.gov/#/
Source: U.S. Small Business Administration


Program: The SBA’s Economic Injury Disaster Loan Advance
What it provides: Up to $10,000 to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.
Who qualifies: Businesses with no more than 500 employees, sole proprietorships, independent contractors, cooperatives with no more than 500 employees, Employee Stock Ownership Plans with no more than 500 employees, private non-profit organizations that are a non-governmental agency or entity that currently has an effective ruling letter from the IRS granting tax exemption under sections 501(c),(d), or (e) of the Internal Revenue Code of 1954, and others
More information: https://covid19relief.sba.gov/#/
Source: U.S. Small Business Administration


Program: The SBA’s Paycheck Protection Program
What it provides: A direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. The Paycheck Protection Program will be available through June 30, 2020.
Who qualifies: Any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by coronavirus/COVID-19. Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries. Small businesses in the hospitality and food industry with more than one location could also be eligible at the store and location level if the store employs less than 500 workers. This means each store location could be eligible.
More information: https://www.sba.gov/funding-programs/loans/paycheck-protection-program-ppp
Source: U.S. Small Business Administration