The EDC works with the following organizations to assist small business owners and entrepreneurs in Helotes. Please let us know if we can be of assistance in arranging meetings.
U.S. Small Business Administration
Bexar County Economic Development Dept.
Alamo Area Council of Governments
San Antonio - Bexar County Metropolitan Planning Org.
City of San Antonio Economic Development Dept.
Notice: The Small Business Administration (SBA) continues to refine its online resources for Coronavirus Relief Options. This page has been updated as of Tuesday, July 6, 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.
Notice: PPP Resumed accepting applications on July 6, 2020
The SBA resumed accepting Paycheck Protection Program applications from participating lenders on Monday, July 6, 2020 at 9:00am 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.
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.
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
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 firstname.lastname@example.org. You may also contact the SBA San Antonio District Office for assistance. EIDL Advances will be direct-deposited upon approval without prior notification.
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.
Find an Express Bridge Loan Lender by connecting with your local SBA District Office (see also below).
Bexar County COVID-19 Face Mask Registration
Bexar County is providing 100 FREE face masks to all commercial entities that provide goods or services directly to the public. You must pre-register at https://www.bexar.org/FormCenter/Small-Business-Entrepreneurship-Dept-4/COVID19-Face-Mask-Registration-207
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.
Small businesses are also encouraged to create a contingency plan. The U.S. Chamber of Commerce Offers guidance online.