Business advisors and staff at the University of Houston Texas Gulf Coast Small Business Development Center (SBDC) Network are working hard to support small business owners who are facing unprecedented and steep challenges during the COVID-19 pandemic, which the World Health Organization declared a pandemic on Wednesday, March 11. Our commitment is to share the most timely information, processes and resources available.

Business Advising Services

To protect the health and safety of our clients and employees, we will offer SBDC business advising services virtually. We will conduct sessions via phone, email, Zoom Conferencing or Skype. 

Please note: If you are an existing client, please contact your current business advisor. If you are a new, prospective client, please contact your local SBDC for virtual business advising availability. Find your local SBDC here

Virtual Business Advising

Free Webinars 

To prevent the potential spread of COVID-19, also known as novel coronavirus, and to ensure a flawless transition to virtual learning, our SBDCs are suspending all scheduled in-person business workshops and events through April 2020. If you have registered for a business workshop or training class, we will reach out to you, if you haven’t been notified already. New training schedules featuring free online courses and webinars are being released. 

Watch Free Webinars


daily Webinars on SBA Recovery Assistance: Step-by-Step Information

Tune in daily for these free webinars for the most recent updates and resources to help your business survive the effects of COVID-19.

Each session will take place at 11 a.m. and will allow for chat Q&A.

Friday, May 29
Register

Friday, June 5
Register


COVID-19 Grants

Google, LiftFund, Restaurant Strong, Hello Alice and local community grants are being distributed immediately to small business owners impacted by coronavirus (COVID-19) pandemic.

Sam's Club Small Business Grant 

Texas Small Business Emergency Micro-grant Source (TSBEMS)

Austin Community Foundation

Southern Smoke Emergency Relief Fund

Google Small Business, Medium Business Grant

Hello Alice COVID-19 Grant

Restaurant Strong Grant

MicroVentures Gives

Brazos Valley COVID-19 Community Relief Grant 

More Grant Information


Economic Injury Disaster Loan (EIDL)

Texas small businesses can now apply for SBA Economic Injury Disaster Loans (EIDL) to help with the COVID-19 crisis.

What's An EIDL? 

As part of the COVID-19 relief effort, borrowers can also apply for an Emergency EIDL Grant from the SBA to request an advance on the loan of up to $10,000.

How Do I Apply?

Link to SBA Disaster Loan 
Application Process

The SBA is unable to accept new applications at this time for the EIDL COVID-19 related assistance program, including EIDL Advances, based on available appropriations funding. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. If you submitted an application, received correspondence from SBA, and have a loan number that begins with a “3”, you are in the queue.


Loan Applications

Select which application is applicable to you or the business (either Form 5 or Form 5C), download and complete the editable form, print it, sign and date. PLEASE NOTE: These forms do not save the data fields.

  1. Business Loan Application (Form 5) (en Español)
  2. Home or Sole Proprietor Loan Application (SBA Form 5C) (en Español) 
  3. Economic Injury Disaster Loan Supporting Information (Form P-019)


CARES Act

On March 27, 2020, President Trump signed into law the CARES Act, which provided additional assistance for small business owners and non-profits, including the opportunity to get up to a $10,000 Advance on an Economic Injury Disaster Loan (EIDL). This Advance may be available even if your EIDL application was declined or is still pending, and will be forgiven.

If you wish to apply for the Advance on your EIDL, please visit SBA Disaster Assistance (www.SBA.gov/Disaster) as soon as possible to fill out a new, streamlined application. In order to qualify for the Advance, you need to submit this new application even if you previously submitted an EIDL application. Applying for the Advance will not impact the status or slow your existing application.


Paycheck Protection Program

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. The Paycheck Protection Program 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.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

Under this program:

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.

Lenders may begin processing loan applications as soon as April 3, 2020. The Paycheck Protection Program will be available through June 30, 2020.

For affiliation rules applicable for the Paycheck Protection Program, click here.

The Interim Final Rule for Applicable Affiliation Rules for the Paycheck Protection Program information is being posted in advance of publication in the Federal Register.  The official version will appear in the Federal Register.

Who Can Apply

This program is for 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 if their individual locations employ less than 500 workers.


FAQs: Economic Injury Disaster Loan (EIDL) & Paycheck Protection Program (PPP) 

Read More 


Additional Forms

A Disaster Assistance loan officer may request you to fill out the following additional forms:


 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:


SBA Express Bridge Loans

Express Bridge Loan 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 loans 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 decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

Terms:

Find an Express Bridge Loan Lender by connecting with your local SBA District Office.


Resources

 

SBA Resources: COVID-19


COVID-19 Small Business Guidance and Loan Resources 

  

SBA Webinars

SBA Disaster Recovery Assistance: Informational Webinars 

 

 

CDC Website  


What You Need to Know. COVID-19 Community Resources

 

Department of Labor (OSHA) 


Guidance on Preparing Workplaces for COVID-19

 

ASBDC Resources


America's SBDC COVID-19 Small Business Resources 

 

Free Business Webinars


On-Demand Webinars to Help Manage and Grow Your Business

 

IRS Resources


Resources for Taxpayers, Businesses and Others Affected by COVID-19

 

Texas Workforce Commission 


Additional Resources for Employers Regarding COVID-19

 

Layoff Assistance 


WSRCA Resources for Employers Facing Layoffs and Company Closures


FEMA Disaster Assistance

The Disaster Assistance Improvement Program’s (DAIP) mission is to provide disaster survivors with information, support, services, and a means to access and apply for disaster assistance through joint data-sharing efforts between federal, tribal, state, local, and private sector partners.

Apply for FEMA


Disaster Preparedness

Prepare for Emergencies. Smart planning can help you keep your business running if disaster strikes. You’ll want to take the right steps to prevent and prepare for disaster, and know where to get aid if disaster strikes.

An estimated 25 percent of businesses don’t open again after a major disaster, according to the Institute for Business and Home Safety. Protect your small business by identifying the risks relevant to your location, both natural and man-made. Then, keep your plan of action updated. Preserve your equipment and business records by referencing this IRS guide on protecting your information before an emergency strikes. The Federal Emergency Management Agency (FEMA) also offers an emergency preparedness checklist and toolkit.

Checklists & Toolkits


Other

 


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