We have compiled a list of resources to assist small business owners/employers in response to the COVID-19 crisis.
Topic: Second Stimulus Package: An Overview of New Stimulus Bill
Presentation Date: Jan 7, 2021 1:00 PM Click here to listen
Click the following for: Coronavirus (COVID-19): Small Business Guidance & Loan Resources
January 2021 Updates to New Stimulus Bill
- Form 2483 – Paycheck Protection Program Borrower Application Form Click here
- Form 2483-SD – PPP Second Draw Borrower Application Form Click here
- Top-Line Overview of First Draw PPP Loans Click here
- Top-Line Overview of Second Draw PPP Loans Click here
- Procedural Notice – Modifications to SBA Forms 3506, 3507 and 750 CA (PPP only) Click here
- Procedural Notice - SBA Procedural Notice on Repeal of EIDL Advance Deduction Requirement Click here
Paycheck Protection Program
“Business Loan Program Temporary Changes; Paycheck Protection Program as Amended” Click here for download.
“Business Loan Program Temporary Changes; Paycheck Protection Program Second Draw Loans” Click here for Information
Connect with the SBA COVID-19 Resource Support Page with updates through June 16, 2020: Click Here
Frequently Asked Questions Paycheck Protection Program - Updated April 7, 2020
Self-Employed: How To Apply For A Payroll Protection Program PPP Loan https://www.nav.com/blog/self-employed-how-to-apply-for-a-payroll-protection-program-ppp-loan-600275/
Lenders in the Dallas/Fort Worth area helping businesses who have or do not have a banking relationship for PPP Loans - Updated April 28 Click here for download
Click here to download the PPP Loan Forgiveness Application
Employee Retention Credit under the CARES Act - The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. Click Here for more information.
Economic Injury Disaster Loan (EIDL) Grant
Other Available Resources
- 10 Tips to Small Business in Filing for Emergency Federal COVID-19 Relief
- Texas LifeFund Disaster Relief - In response to the COVID-19 pandemic, LiftFund, Goldman Sachs and other community develpment financial institutions (CDFI's) offers a disaster relief loan for small businesses up to $50,000 with up to 120-day payment deferment. LiftFund offers a product for new and current clients.
- Save Small Business Grant - an initiative of the U.S. Chamber of Commerce Foundation
SCORE Fort Worth- Free Mentoring Services
Leverage the experience and expertise of SCORE volunteers to helping you through personalized one-on-one meetings. These can be held by phone, email, video conferencing or, when acceptable, face-to-face. Take advantage of this free service to helping you position your business for greater success.
Additional support is available through SCORE’s Fort Worth workshops see Workshop Calendar on our SCORE home page. Coming soon will be workshops addressing the new challenges businesses are facing as a result of COVID-19. All upcoming workshops will be conducted using remote conferencing technology.
PREPARE A 13 WEEK CASH FLOW ANALYSIS
Learn more from Mark Lenz how to effectively use this template a tool to work with your financial advisor or for your own analysis to understand your cash flow needs for the next 13 weeks. Click here! to hear from Mark.
You can view the U.S. Small Business Administration’s Coronavirus (COVID-19): Small Business Guidance and Loan Resources. In addition, the SBA has online information about Disaster Loan Assistance .
CITY OF FORT WORTH
The City of Fort Worth has COVID-19 Information for Businesses online. They are also asking local businesses to complete the COVID-19 Business Survey to aid in their response. These, and other important City resources are available at the link.
STATE OF TEXAS
The Texas Workforce Commission provides general information for employers during the COVIS-19 crisis including FAQs for Texas Employers. There is additional state-related information at www.gov.texas.gov including updates from Governor Abbott.
EEOC - To help businesses become more aware of discrimination issues that can arise when important employment decisions are being made, the Equal Employment Opportunity Commission (EEOC) has created What You Should Know About the ADA, the Rehabilitation Act and the Coronavirus.
WAGE AND HOUR - The Department of Labor's (DOL's) Wage and Hour Division is providing information on common issues employers and workers face when responding to COVID-19, including the effects on wages and hours worked under the Fair Labor Standards Act and job-protected leave under the Family and Medical Leave Act.
SAFETY AND HEALTH - The Occupational Safety and Health Administration (OSHA) provides Interim Guidance and other safety-related resources about the COVID-19 outbreak.