![]() 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. 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.states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19). Economic Injury Disaster Loan Program: Small business owners in all U.S.A short summary of the SBA loans are below: Small businesses can apply for this emergency relief through the Small Business Administration (SBA) at their community bank. Takes meaningful steps to quickly get liquidity to businesses in order to stabilize our economy and protect jobs in Texas and across the country.Allows 8-weeks of loan forgiveness for expenses that include payroll, rent, mortgage interest, and utilities.Provides $377 billion in emergency relief for small businesses, including restaurants, bars, hardware stores, and nail salons, as well as those who are sole proprietors or self-employed.If you're a small business with 500 employees or less, how does the emergency relief package or the CARES Act help you keep your doors open and your employees on the payroll? Phase II: $105 billion Families First Coronavirus Response Act.Phase I: $8.3 billion emergency funding package.Learn more about the coronavirus emergency relief packages passed by Congress and signed into law: IRS: What You Need to Know About Economic Impact Payments.FEMA: Eligible Emergency Coronavirus (COVID-19) Protective Measures.Texas Department of State Health Services.Centers for Disease Control and Prevention. ![]() For the most up to date information and resources, visit the following:
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