Coronavirus Information - Businesses
On This Page
- Paycheck Protection Program
- SBA Express Bridge Loans
- EIDL Loan Advance
- Small Business Bridge Loan Program
- Local Employer Resources
- Emergency Economic Injury Grants and Economic Injury Disaster Loans
- CARES ACT for information
- Coronavirus Emergency Loans Small Business Guide and Checklist
- SBA Disaster Assistance
FOR LOCAL EMPLOYERS AND BUSINESSES
This Loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. Learn more
EIDL Loan Advance
This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. Learn more
Houston-Galveston Area Council Loan Program
The Houston-Galveston Area Council (H-GAC) is offering two loan programs to provide small businesses immediate relief so they can keep their operations running. Both programs are being managed by the Houston-Galveston Area Local Development Corporation (H-GALDC).
Additional Resources for Small Businesses
The Small Business Administration is accepting disaster relief applications from small businesses and private non-profits that have been economically impacted by COVID-19.
Emergency Economic Injury Grants and Economic Injury Disaster Loans
(Click below for details) LiftFund is ready to assist you during this time. We have special public and private partnerships to assist small business across our footprint. Please note that there is limited funding for the special programs, but we are offering a LiftFund COVID-19 loan to assist small businesses during this time.
We are here for you
If you would like to connect with us, we are currently experiencing a high volume of requests, and ask that you visit us on our website and complete our intake form.
Stepping up as a small business owner isn’t easy. But you don’t have to do it alone. LiftFund is there to help you grow my business.
Local Employer Resources
SBA Disaster Assistance
(Click picture for details)
SBA | Small Business Administration Economic Injury
Disaster Loan Program - COVID-19
Alvin Manvel Area Chamber Resources-Click Here
The TX Restaurant Association has started a relief fund. It is $5K per store for immediate needs and first come first served. For anyone seeking immediate help you visit: https://mailchi.mp/txrestaurant.org/txrestaurantrelieffund
Please submit your Economic Injury Worksheet to: TDEMPARecovery@tdem.texas.gov
Business Owners: We need your help!
The Small Business Administration (SBA) has designated COVID-19 as a qualifying event for the provision of Economic Injury Disaster Loans (EIDL) for businesses and private non-profits in affected communities. Texas is currently working with SBA to qualify for this declaration.
Small businesses, small agricultural cooperatives and some private nonprofit organizations that have suffered substantial economic injury due to COVID-19 may be eligible for an EIDL of up to $2 million, which will provide the necessary working capital to help businesses survive until normal operations resume after a disaster. EIDL assistance will only be available to small businesses when the SBA determines they are unable to obtain credit elsewhere.
In order for Texas to receive an SBA Economic Injury Disaster Declaration, the following must occur:
- Affected businesses will need to fill out an Estimated Disaster Economic Injury Worksheet certifying the business has suffered substantial economic injury as a result of COVID-19 and are in need of financial assistance.
- The Economic Injury Worksheet should be submitted via email to TDEMPARecovery@tdem.texas.gov.
- Once Texas has received five SBA validated Economic Injury Worksheet, the Governor may request the Economic Injury Disaster Declaration. A county will need to submit at least one valid Economic Injury Worksheet in order to be included on the declaration. Additional counties can be added to the declaration at a later date.
To improve the process by which the state and individual counties will be declared eligible, TDEM is reaching out to business organizations and individual businesses seeking Economic Injury Worksheet submissions. TDEM ask that your organization notify its members of the availability of the program and encourage the submission of an application to determine eligibility.
Your assistance in this effort is critical in order to facilitate the declaration and certification process. TDEM will continue reaching out to your organizations as this process moves forward, and will provide additional information on applying for EIDLs once the declaration has been approved.
Should you have any further questions, please contact your local emergency management office or email the TDEMPARecovery@tdem.texas.gov.
Additional information about Economic Injury Disaster Loans -Click Here
Please submit your Economic Injury Worksheet to: TDEMPARecovery@tdem.texas.gov.
When the declaration is granted for the SBA EIDL program, applicants will receive information on how to apply for their loan.
SBA Economic Injury Loan Program Declaration Process Overview