Small Business Administration loan information

Mar. 19, 2020

Please share your story of economic loss from the COVID-19 (coronavirus) with the Small Business Administration as soon as possible.

 

In order for Texas businesses to become eligible for emergency, low-interest bridge loans from the SBA to help you pay immediate costs such as your mortgage and payroll, a business from each of Texas’ 254 counties needs to show the SBA it has been negatively affected by the COVID-19 (coronavirus).*

 

Here is what you can do to help: please email this Economic Injury Worksheet to: TDEMPARecovery@tdem.texas.gov

 

Additional information from the U.S. Small Business Administration about Economic Injury Disaster Loans can be found here.

 

Sending in this form will not financially obligate your business in any way. When the declaration is granted for the SBA emergency loan program, applicants will receive information on how to apply for their loan.

 

Sharing your story is the next step in this very long process. These are unprecedented times for all of us – information, questions, and uncertainty will continue to remain in our day to day routine on the road ahead. Please don’t hesitate to contact me with questions, concerns, and frustrations.

 

Courtesy of Letecia McNatt, Downtown Development Office, City of Garland

 

*It is all based on how many businesses submit a declaration. If there is no declaration, there will be no funds available for the county.

 

 

Find more small business resources on our website!

 

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