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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.

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Governor’s Small Business Webinar | Business Strategies for an Evolving Future

When: Wednesday, August 5, 2020, 1:00 -2:00 PM Central Time
Where: Online Webinar

Register Here

About the Webinar:
COVID-19 has impacted how we conduct business in many ways. That is why the Governor's Small Business Team will host another webinar focused on helping small businesses develop adaptive strategies for an evolving future. This webinar will help guide business owners and entrepreneurs in implementing solutions, such as e-commerce and online strategies, to maximize business resiliency during uncertain times. The event will offer information and advice on:

  • Enhancing online presence and communications
  • How e-commerce could be added to a business model
  • Advice on financial management strategies
  • Advice on current workforce challenges

Join the Office of the Governor as they bring together a panel of experts to share their expertise and answer your questions during a live Q&A session.

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Paycheck Protection Program deadline fast approaching
The Paycheck Protection Program resumed accepting applications July 6 in response to President signing the program's extension legislation.
The new deadline to apply for a Paycheck Protection Program loan is August 8, 2020. 
So you’ve got about a week left! 
For more info:
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program

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Governor’s Small Business Webinar | Optimizing the PPP Loan: Part II

When:  July 15, 2020 1:00 pm – 2:00 pm

Where:  Online Webinar

About the Event:
Recent legislation has reopened loan applications for the Paycheck Protection Program (PPP), a much needed lifeline for small businesses. The Governor’s Small Business team will host a second webinar on optimizing the PPP loan and maximizing its forgiveness. This webinar will build upon PPP loan updates provided in the first part of the series (held July 1), and provide further details on the many changes made to loan terms and the calculation of the value of forgiveness on the loan. The event will also provide small business owners and entrepreneurs with guidance on available state and federal resources and information on both financial and non-financial support.

The event will feature a live Q&A session with our panel of experts:

  • Abigail Gonzales, U.S. Small Business Administration, Houston District Office
  • Jim Pillans, Brazos Valley Small Business Development Center
  • LeeVera Smith, Houston Center Small Business Development Center
  • Elsa Ramos, Texas Workforce Commission

This webinar is hosted in partnership with the Texas Workforce Commission, Kilgore Economic Development Corp., Copperas Cove Economic Development Corp., Denton County Economic Development, Harlingen Area Chamber of Commerce and Presidio Municipal Development District.

REGISTER HERE

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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.

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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.

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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.


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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.


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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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