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Assistance for Small Businesses

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Please note: This page is being updated as information and resources become available. Check back regularly!​​​​​​

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Important: SBA Loan Application Now Available

Governor Abbott announced​ that the U.S. Small Business Administration (SBA) has now granted Texas’ Economic Injury Disaster Loan (EIDL) assistance declaration, making loans available statewide to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19).

Next Steps: Small businesses who believe they may be eligible for an SBA EIDL should visit the SBA’s website where they can directly apply for assistance. The online application is the fastest method to receive a decision about loan eligibility.

For additional information on Texas business-related COVID-19 resources, including a list of required documentation for the SBA Loan process, visit gov.texas.gov/business/page/coronavirus.

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Message from the Texas comptroller of public accounts:

"These are challenging times for businesses all over the nation. The Texas Comptroller’s office knows that during periods of economic hardship, paying or remitting taxes and fees on time can feel like an extra burden when there’s so much uncertainty. We’re thankful to those businesses that were able to remit state and local sales taxes they collected from customers in February on the March 20, 2020, due date.

We understand that virtually all of our taxpayers are doing their best to remain in compliance and be responsible in submitting the taxes they collected from their customers. With that in mind, our agency is here to offer assistance to those businesses that are struggling to pay the full amount of sales taxes they collected in February.
For businesses that find themselves in this situation, our agency is offering assistance in the form of short-term payment agreements and, in most instances, waivers of penalties and interest.

We ask that you contact our Enforcement Hotline at 800-252-8880 to learn about your options for remaining in compliance and avoiding interest and late fees on taxes due.
In addition, we have a variety of online tools for businesses seeking assistance. See our COVID-19 emergency response webpage for access to online tools, tutorials and other resources for tax services, and to establish 24/7 online account access with Webfile.

We’re standing by to help Texas businesses during these difficult times."​​​

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Disaster Business Loan Application

 
Business owners should apply online in the Disaster Loan Application Portal at https://disasterloan.sba.gov/ela. The electronic loan application will be screened by the SBA processing center when it is received.  

Applicaiton Filing Requirements:

  • Loan application (SBA Form 5), completed and signed (this is online in the portal)
  • ​Tax Information Authorization (IRS Form 4506-T), completed and signed by each applicant, each principal owning 20 percent or more of the applicant business, each general partner or managing member; and, for any owner who has more than 50 percent ownership in an affiliate business. Affiliates include, but are not limited to, business parents, subsidiaries, and/or other businesses with common ownership or management
  • Complete copies, including all schedules, of the most recently filed Federal income tax returns for the applicant business; an explanation if not available
  • Personal Financial Statement (SBA Form 413) completed, signed, and dated by the applicant, each principal owning 20 percent or more of the applicant business, and each general partner or managing member *Schedule of Liabilities listing all fixed debts (SBA Form 2202 may be used)  

All of these forms are available in the Disaster Loan Application Portal. For program questions or assistance in completing the application online, businesses can contact the SBA Customer Service Center at 1-800-659-2955.

Please periodically check the SBA website for more information: https://www.sba.gov/disaster
This is where we will update eligible states.  

COVID-19 (SBA disaster assistance in Response to Coronavirus: https://www.sba.gov/disaster-assistance/coronavirus-covid-19
Declarations: https://disasterloan.sba.gov/ela/Declarations/Index

Now that the Texas Disaster Declaration has been made – the SBA encourages all eligible businesses to apply for SBA Disaster Assistance. For more information, visit https://www.sba.gov/funding-programs/disaster-assistance.

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The Dallas Metropolitan SBDC is assisting small businesses!

​The Dallas Metropolitan SBDC is OPEN and still assisting clients and small businesses:

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AssistHer Emergency Relief Grant


Purpose

The purpose of this program is to assist Texas, woman-owned businesses that have been severely impacted by Coronavirus (COVID-19). A total of $1,000,000 (100 grant awards) is available.
Grant Amount: $10,000

Who Can Apply?

Eligible businesses must satisfy all of the following conditions:

  • Existing woman-owned businesses (at least 51% directly owned and controlled by one or more women who are U.S. citizens) may apply.
  • The business must be a for-profit corporation, partnership, LLP or LLC, or sole proprietorship. Not-for-profit corporations or similar nonprofit entities are not eligible.
  • The business must be suffering an economic hardship due to COVID-19.
  • If the business or business owner owns the premises from which the business operates, all property taxes must be current.
  • All sales, payroll and other taxes must be current.
  • Businesses must be located and/or operated within the state of Texas.
  • The business, business owner and applicant must not be involved in any pending or current litigation.
  • The business, business owner and applicant are operating with all required permits and licenses and are conforming to all required laws.
  • The business owner must not have any felonies or conviction of a crime of dishonesty or breach of trust.

*TWU faculty, staff and students, and previous grant winners, are not eligible to apply.
  • Grant applications will be accepted electronically only, must not exceed five pages, and will be assessed for funding on a rolling basis until available funding is expended. Please combine all materials into a single PDF and submit to smantaro@twu.edu. Any applications with multiple documents and not in PDF format will not be accepted.
  • Proof of woman-owned and controlled documentation must show at least 51% ownership and could include any woman-owned certification, sole proprietor/assumed name filings, LLC or LLP documentation, certification of organization, articles of incorporation, partnership agreement or bank signature card. If one document alone doesn't show this, send the corresponding agreement with it.
  • All questions must be answered, and all required information and documentation must be included; when submitting an application, the applicant must attach documentation for all expenses (for example: operating costs, proposals from a vendor, quotes or estimates, invoices, etc.). Incomplete applications will be automatically rejected.

As a prerequisite for award eligibility, awardees must view an instructional video on best practices for maintaining grant funds and long-term business sustainability. Award recipients will have an opportunity to engage in one-on-one conversations with a CWE business advisor, if needed.