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Sachse Economic
Development Corporation

3815 Sachse Rd., Building B
Sachse, Texas 75048
Ph: 469.429.4764
COVID-19 Resources for Businesses
The Sachse Economic Development Corporation (SEDC) Announces the SEDC Small Business Grant Program
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In response to the needs of our small businesses as a result of COVID-19, the SEDC approved $125K in grants for the SEDC Small Business Grant Program.  The grants are limited to $5K per business and may only be used to reimburse the business owner for rent and utilities paid for one month (March 2020 or later). 

CRITERIA

  • Must have been open for business in Sachse prior to 3/1/2020
  • Must have 25 full time equivalent employees or less.
  • Business has a physical and publicly accessible location within the city limits of Sachse in a commercial building or business district.
  • The business has experienced or is projecting to experience a decline in employment and/or revenue as a result of the COVID-19 pandemic.
  • Nonprofit and home based businesses are ineligible


PROCESS

A small business that meets the criteria above is encouraged to send an email to Leslyn Blake with the SEDC at   requesting an application.  Qualifications will be verified by a five-person panel made up of representatives from the Sachse City Council, Sachse EDC, City Manager’s office and the Sachse Chamber of Commerce. 


TIMELINE

Applications will be accepted May 8-June 15.  The Committee will review applications received to date every two weeks and qualified applicants can expect to be notified of grant award amount on May 22nd, June 5th, or June 15th.  Grant payments will be processed and payment issued within 10 business days after notification.


State and Local Government Assistance

Governors Office COVID-19 Resource Page | Open Texas Booklet

Collin CARES Economic and Recovery Assistance Homepage

Skills Development Funding

Dallas County Launches Emergency Small Business Program:
Dallas County is accepting pre-applications for its Emergency Business Assistance Program (EBAP). The program is funded with an allocation of $5 million in federal CARES Act dollars and is designed to rapidly provide financial assistance to small businesses located in Dallas County. 

Businesses adversely affected by the COVID-19 pandemic that are unable to obtain financial assistance to meet all of their business needs may be eligible to obtain a forgivable loan worth up to $15,000.

Small businesses interested in applying for financial assistance through EBAP should visit the National Development Council EBAP website. 

Find the application here -- https://ndconline.org/ntxsmallbiz/dallas-county/


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To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal (https://www.sba.gov/funding-programs/disaster-assistance) to all eligible applicants experiencing economic impacts due to COVID-19 today.

Some key points:

  • The SBA is offering low interest federal disaster loans for working capital to small businesses and non-profit organizations that are suffering substantial economic injury as a result of COVID-19 in all U.S. states, Washington D.C., and territories.
  • These loans may be used to pay debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact, and that are not already covered by a Paycheck Protection Program loan. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
  • To keep payments affordable for small businesses, SBA offers loans with long repayment terms, up to a maximum of 30 years. Plus, the first payment is deferred for one year.
  • In addition, small businesses and non-profits may request, as part of their loan application, an EIDL Advance of up to $10,000. The EIDL Advance is designed to provide emergency economic relief to businesses that are currently experiencing a temporary loss of revenue. This advance will not have to be repaid, and small businesses may receive an advance even if they are not approved for a loan.
  • SBA’s EIDL and EIDL Advance are just one piece of the expanded focus of the federal government’s coordinated response.
  • The SBA is also assisting small businesses and non-profits with access to the federal forgivable loan program, the Paycheck Protection Program (http://www.sba.gov/paycheckprotection), which is currently accepting applications until June 30, 2020.


Information on applying for financial assistance on housing, utilities and groceries below:



Loans, Financing and Tax Resources

Paycheck Protection Programprovides forgivable loans to businesses incentivizing them to keep employees on the payroll

SBA Economic Injury Disaster Loan Program - Low-interest loans to small businesses and non-profits.

Federal Resources for Small Businesses - provides good summary of the CARES Act and other Federal resources available

Deadline Extension Tax Day postponed to July 15, 2020 for small and medium size businesses and individuals.


HR Resources

Texas Workforce Commission

US Chamber Guidance for Employers

Shared Work Program Need to reduce an employee's hours? This program provides an alternative to layoffs. 

FAQ for Texas Employers

CDC Coronavirus Employer Resource Guide

Below documents you can distribute to your employees to help provide them accurate information.


Displaced Employees and Job Seekers Resources

Texas Workforce Commission

The Texas Workforce Commission will be waiving work search requirements for all claimants and the waiting week for those claimants affected by COVID-19.  

Texas Unemployment Insurance program pays benefits to those individuals who lost their jobs through no fault of their own. TWC determines benefit eligibility based on past wages, why someone lost their job, and ongoing eligibility requirements.


Other Sources and Support

State and Local:

The Occupational Safety and Health Administration (OSHA) provides infection prevention information specifically for workers and employers and is responding to any workplace protection complaints.  General COVID-19 information webpage. 

Qualified Sick Leave Wages per the Families First Coronavirus Response Act (FFCRA) provides information for businesses on compliance with paid sick leave due to COVID-19.

Department of Labor provides information and Q&A on FMLA – Family Medical Leave Act pertaining to COVID-19.


Private Sources:

Facebook has launched a grant program for small businesses. Click here

Intuit QuickBooks has a list of small businesses plans and useful resources.

The National Federation of Independent Businesses is offering legal resources and webinars.


Restaurant Support:

Yelp is providing $25 million in funding relief to small businesses.

Restaurant Workers Community Foundation provides a resource page for restaurants and workers and developed a Crisis Relief Fund.



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