Covid-19 Business Resources
The COVID-19 (coronavirus) pandemic has impacted how business is being done throughout the world. Following is a list of resources that may be helpful to Benbrook businesses and organizations.
Small Business Resources
- U.S. Senate Committee on Small Business & Entrepreneurship: Guide to the CARES Act
- U. S. Small Business Administration (SBA):
- SBA Guidance for Businesses in Responding to COVID-19
- Economic Injury Disaster Loan and Loan Advance The Economic Injury Disaster Loan (EIDL) program provides small businesses with 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. The loan advance (up to $10,000) provides 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.
- SBA Express Bridge Loan Pilot Program: This pilot program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loan or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for a decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
- SBA Debt Relief: The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis. Under this program: the SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020; and the SBA will pay the principal and interest of current 7(a) loans for a period of six months.
- Paycheck Protection Program: The Paycheck Protection Program (PPP) is a loan designed to provide 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 PPP will be available through June 30, 2020.
- SBA Dallas/Fort Worth District Office
*If applying for an EIDL loan, the SBA recommends using Internet Explorer or Microsoft Edge*
*Customer Service can be reached at 800.659.2955 or email@example.com*
- Federal Reserve: Commercial Paper Funding Facility to support the flow of credit to households and businesses
- Office of the Governor (OOG): Visit the OOG website for a comprehensive list of resources and important COVID-19 updates.
- The OOG website also has a list of waivers issued by the Governor.
- Texas Music Office: Assistance Information and Resources For Music Industry Professionals Affected by COVID-19.
- Texas Workforce Commission (TWC): Visit the TWC website for resources available to employers and job seekers impacted by the COVID-19.
- Resources for Employers
- The Commissioner for Employers’ legal team is available Monday through Friday (8 a.m. to 5 p.m.) to answer employment law questions. Please contact them at 800-832-9394 or firstname.lastname@example.org.
- Shared Work Program.
- Resources for Job Seekers
- If an individual’s employment has been affected by COVID-19 they may apply for benefits either online by using the Unemployment Benefits Services (UBS) or by calling TWC at 800.939.6631 from 8 a.m. to 6 p.m. Monday – Friday. UBS can be accessed at any time. For additional information, visit TWC’s website.
- For questions about unemployment of employment insurance call 800.832.2829 or email email@example.com.
- Texas Comptroller (CPA): Visit the CPA website for tax-related information related to COVID-19.
- The agency is offering assistance in the form of short-term payment agreements, and in most instances, waivers of penalties and interest. To learn about options for remaining in compliance and avoiding interest and late fees on taxes due, contact the Enforcement Hotline at 800.252.8800.
- Texas Department of Insurance (TDI): Visit the TDI website for an overview of insurance-related questions related to COVID-19.
- Texas Department of Agriculture (TDA): Visit the TDA website for an overview of information related to school meals, consumer protection, rural hospitals, weights and measures and licensing.
- Benbrook Economic Development Corporation (BEDC): Temporary Sign Program for Benbrook Businesses and Organizations
- Small Business Development Center (SBDC): The SBDC Tarrant County assists existing and prospective small business owners by offering a wide variety of services that include one-on-one advising, assistance with financing, accounting, market research, business plan development and marketing.
- Local Staffing Agencies
- SCORE has chapters throughout Texas and provides in-person and virtual counseling and mentorship. Visit SCORE Fort Worth website for more information. They have also published resources and information to support small business, including:
- The Consumer Data Industry Association (CDIA) provided guidance to those directly or indirectly impacted.
- Community Development Financial Institutions (CDFIs) are an alternative source of finance for small businesses. For additional information, please visit with each organization:
- SBA Lender Match: Connects Small Business with Participating SBA-approved Lenders
- The U.S. Chamber of Commerce: Combating Coronavirus
- U.S. Chamber Disaster Help Desk
- National Restaurant Association: Coronavirus Information and Resources
- National Retail Federation: Coronavirus Resources for Retailers
- NFIB: Small Business Resources in Response to Coronavirus
- Texas International Produce Association: COVID-19 Update
- Texas Woman’s University - AssistHer Emergency Relief Grant
- American Farmland Trust: Farmer Relief Fund
- Southern Smoke Emergency Relief Fund: Southern Smoke is a crisis relief organization for people in the food and beverage industry.