Please note: This page is being updated as information and resources become available. Check back regularly!
Important: SBA Loan Application Now Available
Message from the Texas comptroller of public accounts:
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:
- No cost advising
- Can help answer questions about businesses or SBA loan process
- Go to: http://dallasmetropolitansbdc.com/
- Call: (214) 860-5848
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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.
- 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.
- Info about eligibility and application process: https://twu.edu/center-women-entrepreneurs/assisther-emergency-relief-grant/?fbclid=IwAR1OGLTSkkziZV7uJTM7Ql-T8SR6lslVomFuT_au2S5HsmwROY4-4-XAfSs
- Email Tracy Irby: tirby@twu.edu
- Call: (940) 898-2894