Here are some links and helpful resources for businesses during the COVID-19 crisis:
Seguin Chamber of Commerce
As the COVID-19 pandemic continues to evolve, the chamber team is monitoring the pandemic and its impact on local businesses.
Visit the Chamber's Website at www.seguinchamber.com to find online resources and member updates. The Seguin Chamber is dedicated to supporting our business community during this uncertain time.
Seguin Economic Development Corporation
The Seguin Economic Development Corporation has a wealth of information and resources to assist businesses during the COVID-19 crisis, including Business and Workforce Resources, Remote Working Tools, Webinars and a list of businesses with takeout and curbside services. Visit https://www.seguinedc.com/coronavirus-updates
Seguin Downtown Business Alliance
Texas Workforce Commission manages a comprehensive job board called Work In Texas. Job Seekers can view available jobs at WorkInTexas.com
State of Texas Comptroller of Public Accounts
The State Comptroller’s Office is offering assistance and short-term payment arrangements for tax payers. Please contact the Enforcement Hotline at (800) 252-8880 for assistance. For updates regarding the payment or remittance of taxes paid to the State Comptroller, visit the Comptroller’s COVID-19 emergency response webpage.
Texas Alcoholic Beverage Commission
Governor Abbott has issued a waiver to allow delivery and takeout of alcoholic beverages. The Texas Alcoholic Beverage Commission has issued guidance to for how to implement this waiver for businesses at tabc.state.tx.us/coronavirus.
Small Business Webinar Series
The Office of Governor Greg Abbott is launching a Small Business Webinar Series that will provide Texas small business owners and entrepreneurs with timely, relevant, actionable information on the COVID-19 recovery resources such as Paycheck Protection Program, EIDL Loan Advance, SBA Express Bridge Loans, and SBA Debt Relief. Businesses will also get the chance to connect with local experts and support systems. Featured speakers will include the U.S. Small Business Administration and area Small Business Development Centers.
Click HERE for more information about the small business webinar series.
For more than 21 years, LiftFund, a 501(c)(3) nonprofit organization, has helped individuals achieve the American Dream by providing small business lending to those who do not have access to capital from typical lenders, such as traditional banks. Along with vital small business loans, LiftFund provides educational services at no cost to borrowers, which are essential to foster self-sufficiency. LiftFund
PeopleFund provides small business loans as well as business assistance and education to people with otherwise limited access to such resources. Since being founded in east Austin in 1994 as Austin Community Development Corporation, PeopleFund’s financial and educational assistance has helped create thousands of jobs and empowered an even greater number of Texans on a path to financial stability and independence. PeopleFund is a Community Development Financial Institution (CDFI) and operates as a non-profit 501(c)(3) serving all of Texas. People Fund
Texas Downtown Association
Texas Downtown Association is committed to supporting downtowns and small businesses that support our communities. Information on their website includes:
- Funding Links
- Resources for Small Businesses
- Ideas from Other Communities
- Federal Agencies
- Texas State Agencies & Organizations
View the Texas Downtown Association's COVID-19 Information web page or contact Catherine Sak at 512-472-7832 for more information.
FEDERAL PROGRAMS & RESOURCES
Coronavirus Aid, Relief & Economic Security (CARES) Act
The CARES Act includes many programs and resources for small businesses and individuals who qualify for unemployment. Read a summary of the CARES Act and available programs here.
Paycheck Protection Program
The Paycheck Protection Program offers loans for the following types of businesses experiencing revenue disruption as a result of COVID-19:
- Small businesses with fewer than 500 employees.
- Select types of businesses with fewer than 1,500 employees.
- 501(c)(3) non-profits with fewer than 500 workers.
- Some 501(c)(19) veteran organizations.
- Self-employed workers, sole proprietors, and freelance or gig economy workers.
Businesses, even without a personal guarantee or collateral, can apply one of these loans as long as they were operational on February 15, 2020, and had paid employees at that time (even if the owner is the only employee). On a final note, the SBA’s 500-employee threshold includes all types of employees: full-time, part-time, and any other status.
Allocated funds for the program will be distributed on a first-come, first-served basis, so be sure to apply as soon as you are able. Learn more about the Paycheck Protection Program
Economic Injury Disaster Loan
The Economic Injury Disaster Loan Program (EIDL) can provide up to $2 million of financial assistance (actual loan amounts are based on amount of economic injury) to small businesses or private, non-profit organizations that suffer substantial economic injury as a result of the declared disaster, regardless of whether the applicant sustained physical damage. https://www.benefits.gov/benefit/1504
Small Business Debt Relief
The Small Business Debt Relief Program provides immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504, and microloans. Under it, SBA will cover all loan payments on these SBA loans, including principal, interest, and fees, for six months. This relief will also be available to new borrowers who take out loans within six months of the President signing the bill into law. If you have an existing SBA loan, you should contact your lender directly to discuss this program.
View the FAQs for this program HERE.
To learn more about how to apply, visit the SBA COVID 19 Resource page HERE.
Small Business Tax Assistance
Businesses may eligible for a refundable payroll tax credit for 50 percent of wages paid by eligible employers to certain employees during the COVID-19 crisis. The credit is available to employers, including non-profits, whose operations have been fully or partially suspended as a result of a government order limiting commerce, travel or group meetings. The credit is also provided to employers who have experienced a greater than 50 percent reduction in quarterly receipts, measured on a year-over-year basis. Wages of employees who are furloughed or face reduced hours as a result of their employer’s closure or economic hardship are eligible for the credit. For employers with 100 or fewer full-time employees, all employee wages are eligible, regardless of whether an employee is furloughed. The credit is provided for wages and compensation, including health benefits, and is provided for the first $10,000 in wages and compensation paid by the employer to an eligible employee. Wages do not include those taken into account for purposes of the payroll credits for required paid sick leave or required paid family leave, nor for wages taken into account for the employer credit for paid family and medical leave (IRC sec. 45S). Businesses should consult with their accountants or tax attorneys on how to implement this program.
**The credit is not available to employers receiving assistance through the Paycheck Protection Program. The credit is provided through December 31, 2020.**
For additional information and FAQs, CLICK HERE.
U.S. Department of Treasury and Internal Revenue Service
The Department of Treasury and IRS are providing updates regarding changes, legislation, or regulations that may impact individuals and businesses. Businesses are encouraged to visit irs.gov/coronavirus or home.treasury.gov/coronavirus for the latest information.
U.S. Department of Labor
The U.S. Department of Labor has provided guidance on COVID-19 and how to prepare your workplace. The Wage and Hour Division is providing information on common issues employers and workers face when responding to COVID-19, including the effects on wages and hours worked under the Fair Labor Standards Act, and job-protected leave under the Family and Medical Leave Act. Visit dol.gov/coronavirus to learn more.
OTHER BUSINESS RESOURCES
U.S. Chamber’s COVID-19 resources for businesses