Texas small businesses can now apply for SBA Economic Injury Disaster Loans to help with the COVID-19 crisis. The SBA COVID-10 Relief options includes: payroll protection program, economic injury disaster loan, express bridge loan pilot program and SBA debt relief.
Through a partnership with LiftFund, the City of San Antonio helps make 0% interest loans available to qualifying local small, minority, and women-owned businesses. Loans range from $500 to $100,000 and can be used to help start-up or existing business.
Launch SA is San Antonio’s fueling center for entrepreneurs and small businesses. Staff members are available and can provide insights to help address specific challenges.
Maestro Entrepreneur Center is committed to helping small businesses accelerate growth beyond the million-dollar revenue threshold.
The San Antonio Economic Development Foundation (SAEDF) offers resources for employers and workers, including access to job boards and online learning tools.
Small businesses are also encouraged to create a contingency plan. The U.S. Chamber of Commerce Offers guidance online.
The Mass Claims program streamlines the unemployment benefit claims process for employers faced with either temporary or permanent layoffs. Employers can submit basic worker information on behalf of their employees to initiate claims for unemployment benefits.
The Texas Workforce Commission (TWC) encourages employers to enroll in the Shared Work program as an alternative to layoffs. The voluntary Shared Work program was developed to help Texas employers and employees withstand a slowdown in business such as the impact of COVID-19.
Through the Texas Workforce Commission (TWC), Workforce Solutions Alamo provides immediate on-site services for both employees and employers. Rapid Response Services and activities are early-intervention services designed to enable workers affected by closures or layoffs to transition to new employment as quickly as possible.
Texas Governor Greg Abbott instructed the Texas Workforce Commission to waive the waiting week, for Unemployment Benefits. In addition to waiving the waiting week, the Texas Workforce Commission is exercising its authority under the Governor’s declaration of a Statewide Disaster to waive Unemployment Insurance work search requirements effective immediately.
These free sessions will cover the basics of the SBA’s Economic Injury Disaster Loan (EIDL) program, how to apply and where you get additional help with preparing and applying for an SBA Economic Injury Disaster Loans through the SBA's website.