COVID-19 Business Resources

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COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION

(Webinar) SBA’s Economic Injury Disaster Loan Program for Businesses  Impacted by COVID-19: Learn About It and How to Apply 

(Webinar) SBA Houston District (CVODI-19) Update

  • SBA Express Bridge Loan Pilot Program: This 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 loan 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 a decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
  • 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: the SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020; and the SBA will pay the principal and interest of current 7(a) loans for a period of six months.
  • Paycheck Protection Program: The Paycheck Protection Program (PPP) 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. The PPP will be available through June 30, 2020.

(Webinar) SBA Houston District (CVODI-19) Update

*If applying for an EIDL loan, the SBA recommends using Internet Explorer or Microsoft Edge*

*Customer Service can be reached at 800.659.2955 or disastercustomerservice@sba.gov*

  • Federal Reserve: Commercial Paper Funding Facility to support the flow of credit to households and businesses

FRB Press Release

COVID-19 General Info

IRS Payment Plan

IRS Payment Deadline Extended: Filing and Payment Deadline Extended to July 15

COVID-19-Related Tax Credits for Required Paid Leave Provided by Small and Midsize Businesses FAQs

  • U.S. Department of Agriculture (USDA)
  •  Visit the USDA Rural Development website for a comprehensive list of resources available to assist rural residents, businesses and communities impacted by COVID-19.
  • Beginning immediately, through July 31, 2020, USDA Business and Industry Loan Guarantees (B&I) and Rural Energy for America Program (REAP) Guaranteed lenders may assist borrowers experiencing temporary cash flow issues by deferring payments for a period no longer than 120 days. The lender must notify The Agency in writing of any payment deferments. Written notification to the Agency will meet the standard for concurrence until July 31, 2020. A response from the Agency is not required. This guidance applies to ALL borrowers that had a current repayment status as of March 1, 2020.
  • Visit USDA’s website for program and service updates from the Farm Service Agency, Natural Resources Conservation Service, and Risk Management Agency.