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.

SMALL BUSINESS GRANT PROGRAM - SBGP

The City of Helotes and Helotes Economic Development Corporation are allocating $390,000 to provide rapid financial assistance to small businesses located in the City of Helotes that have been adversely affected by the COVID-19 pandemic and require financial assistance to meet all of their business needs. Local Helotes small businesses may be eligible to obtain grant funds up $20,000 (first-come, first-serve basis) of emergency relief to be used for business continuity.

Application Timeline

Applications submittal has been extended through 8:00 p.m. on Wednesday, September 30, 2020.

Qualification Criteria

  • Located within the corporate limits of the City of Helotes and must be in current compliance with the City of Helotes Code of Ordinances 
  • Must have a current Certificate of Occupancy in Helotes; excludes home‐based businesses 
  • Must have been in business since May 2019 
  • Must be a sales tax producing business 
  • Must of annual gross revenues of not more than $1 million from all business activities
  • Must demonstrate a loss of revenue due to the COVID‐19 crisis 
  • Must have 20 or fewer FTE (Full time equivalent) for payroll 
  • Industries of professional services such as physicians, clinics, dentists, attorneys, engineers, architects, insurance agencies, vacation and long-term rentals, and sexually oriented businesses are not eligible
  • Businesses who received Bexar County COVID-19 grant or loan funds thru the LIft Fund Small Business Disaster Relief Program are not eligible. 


Business Information

  • Business bank statements for the last 3 months* (If unable to show a reduction in revenue, additional statements will need to be provided)
  • Federal Tax Return for 2019 (2018 acceptable)
  • List of employees from payroll system
  • IRS Form 940 & 941 for all of 2019 and Q1 & Q2 of 2020
  • Company W-9
  • Articles of Organization and Operating Agreement (if LLC)
  • Partnership Agreement (if partnership)
  • Business License and Fictitious Business Name Statement
  • Franchise Agreement (if applicable)
  • Proof of Business Address (i.e. Certificate of Occupancy or other documentation)

Personal Information (for each owner of 20% or greater)

  • Copy of Driver's License
  • Personal tax returns for 2019 (2018 acceptable)


HELOTES GRANT APPLICATION


Questions

For questions about the program or application process, call us at 210-864-3111 or email HelotesGrant@bcloftexas.org


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, August 25,  2020, 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 (Has Closed on August 8, 2020)

Notice: PPP closed to new applications on August 8, 2020

The SBA resumed accepting Paycheck Protection Program applications from participating lenders on Monday, July 6, 2020, at 9:00 AM EDT.

Loan Information: The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program. Click here  for a list of participating lenders as of 6/25/2020.

SBA Press Release as of Wednesday, June 17th, 2020:

WASHINGTON – Today, the U.S. Small Business Administration, in consultation with the Department of the Treasury, posted a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act of 2020, signed into law by President Trump on June 5, 2020. In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application that applies to borrowers that: 

The EZ application requires fewer calculations and less documentation for eligible borrowers. Details regarding the applicability of these provisions are available in the instructions to the new EZ application form.

Both applications give borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period. These changes will result in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan.

  • Are self-employed and have no employees; OR
  • Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR
  • Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.

New EZ Loan Forgiveness Application

Instructions for EZ Loan Forgiveness Application

Revised Full Loan Forgiveness Application

Instructions for Full Loan Forgiveness Application


  

ECONOMIC INJURY DISASTER LOAN AND LOAN ADVANCE

Economic Injury Disaster Loan Emergency Advance

This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.

Notice: EIDL Reopened June 15, 2020 
Now Accepting New Applications for Economic Injury Disaster Loans and Advance

Overview

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories were able to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid. Recipients do not have to be approved for a loan in order to receive the advance, but the amount of the loan advance will be deducted from total loan eligibility. SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on June 15 to qualified small businesses and U.S. agricultural businesses.

The new eligibility is made possible as a result of the latest round of funds appropriated by Congress in response to the COVID-19 pandemic.

Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. For agricultural businesses that submitted an EIDL application through the streamlined application portal prior to the legislative change, SBA will process these applications without the need for re-applying.

Note: If you would like to check the status of your EIDL application, contact the SBA Customer Service Center at 1-800-659-2955 (TTY: 1-800-877-8339 or by e-mail at disastercustomerservice@sba.gov. You may also contact the SBA San Antonio District Office for assistance. EIDL Advances will be direct-deposited upon approval without prior notification.


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:


Bexar County Small & Micro Business Relief Grant Program is now open!

The Emergency Fund is designed to help small and micro businesses within Bexar County, Texas. Micro-businesses with 1-5 full time employees can apply for grants up to $10,000, and small businesses with 6-10 full time employees can apply for grants up to $25,000.

Applications will be open June 8 - June 19, 2020. Eligible micro and small businesses can apply online at https://www.bexarcountysmallbizreliefgrant.com/. Grant awards will be notified June 29 - December 30, 2020.

CONTINGENCY PLANNING

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