Incentives

  
The EDC Board of Directors will entertain all incentive opportunities.  Please contact Asst. Director Glenn Goolsby by telephone at 210.695.5910 or by email at ggoolsby@helotes-tx.gov should you have development or business proposals.
   
For additional information on prior incentives offered to the development community, please visit the City's Economic Development  web page.


SBA LOANS

Notice: The Small Business Administration (SBA) continues to refine its online resources for Coronavirus Relief Options. This page has been updated as of Tuesday, January 12,  2021, to bring you the most current and accurate information about these federal economic disaster assistance programs and their requirements. It is provided to our community as a local resource of information available elsewhere on federal government websites and we will strive to keep it as up-to-date as possible pending any additional changes by the federal government.

         

PAYCHECK PROTECTION PROGRAM ROUND 2 (Has Opened January 11, 2021)

The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. SBA is currently offering:

SBA is currently accepting Paycheck Protection Program PPP loan applications from participating community financial institutions (CFIs) and lenders with under $1 billion in assets, which includes approximately 5,000 institutions, including community banks, credit unions, and farm credit institutions. Lender Match can help you find a participating lender. The program will open to all lenders on January 19, 2021.

SBA also offers additional Coronavirus relief.

First Draw PPP Loan forgiveness terms

Second Draw PPP Loan forgiveness terms

How and when to apply for loan forgiveness

Forgiveness forms and instructions


  

ECONOMIC INJURY DISASTER LOAN AND LOAN ADVANCE

The SBA has announced applications for the Economic Injury Disaster Loan (EIDL) grant will be available by January 17, 2021.

The EIDL grant is a form of small business relief providing up to $10,000 dollars in grants (completely free and non-repayable money) to select small businesses. The grant program was part of the initial CARES Act in 2020, but funds were exhausted within months. In December, Congress allocated additional funds for the program.


SBA EXPRESS BRIDGE LOANS

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 quickly. 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 loan or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for a decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

Terms:

  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the EIDL loan

Find an Express Bridge Loan Lender by connecting with your local SBA District Office (see also below).

  

OTHER RESOURCES:

CONTINGENCY PLANNING

Small businesses are also encouraged to create a contingency plan. The U.S. Chamber of Commerce Offers guidance online.