UPDATED: MAY 26 at 9:42 AM
Emergency Legislation Provides COVID-19 Relief to Small Businesses
Emergency Legislation Overview
Three pieces of emergency legislation passed Congress and were signed into law in the last three weeks. There was also a COVID-19 disaster declared which made available SBA disaster loan assistance. A lot has been written about each and it is easy to confuse them. The links which follow give information on each program available to help small businesses without regard to which piece of legislation created them.
If you are a small business, defined as having fewer than 500 employees, or a 501(C)(3) non-profit, you qualify for all of these programs.
Paycheck Protection Program
The Paycheck Protection Program’s $350 billion in small business loans will be issued by private banks. The Paycheck Protection Program creates a type of emergency loan that can be forgiven when used to maintain payroll through June. The basic purpose of the Paycheck Protection Program is to incentivize small businesses to not lay off workers and/or to rehire laid-off workers that lost jobs due to COVID-19 disruptions.
US Department of the Treasury | Topline Overview
US Department of the Treasury | More Information for Borrowers
US Chamber of Commerce | How to Get a Paycheck Protection Loan
SBA Disaster Loans
COVID-19 disaster loan available through the federal government. 30 year fixed, no fees, low-cost loan to keep your business afloat during difficult times.
PDF: SBA | Step-by-Step Guide to Apply for a Disaster Loan
PDF: SBA | Three-Step Process for SBA Disaster Loans
PDF: SBA | Disaster Assistance in Response to the Coronavirus
Employment & Labor Laws
US Department of Labor | Employer Fact Sheet
US Department of Labor | FFCRA Q&A
Texas Workforce Commission | COVID-19 Employer Resources
US Department of Labor | Tax Credits for Small & Midsize Businesses
PDF: US Department of Labor | Employee Rights Poster
PDF: HOPS HR | FFCRA Administrative Compliance Packet
From the Business Leaders Series Online
PDF: Employment Law: Coronavirus Update
Upcoming Webinars:
May 26: Consumer Reactions to COVID-19 with Jerry Thomas, President & CEO of Decision Analyst
May 27: Reducing Restrictions on Texas Businesses as We Reopen - an Update from State Senator Kelly Hancock
May 28: Restaurants’ Roundtable with Candlelite Inn, Chick-fil-A North Collins and Prince Lebanese Grill
Past Business Leaders Series Online Videos
March 20: Disaster Loans for Small Business | SBA's Herb Austin WATCH
March 23: Workforce Solutions Rapid Response | Steven Gonzalez WATCH
March 24: Keeping Businesses in Business | Beth Owens WATCH
List of Ways to Help Local Businesses Right Now
March 25: Update from your County Commissioner | Devan Allen WATCH
March 26: Employment Law: Coronavirus Implications | Lu Pham WATCH PDF of PPT
March 27: How to Transition Your Business to Remote Work | Matt Bowman WATCH PDF of PPT
March 30: Mayor's Update | Jeff Williams WATCH
March 31: Social Media Marketing Strategy 360 | Laura Heymann WATCH
April 1: We’re All In This Together | Carrie Wilkerson
WATCH PART 1 WATCH PART 2
April 2: Market Watch: What the Current Volatility Means for You and Your Money | Derrick Kinney WATCH
April 3: The CARES Act: A Small Business Lifeline | Neil Bradley WATCH PDF of PPT
April 6: SBA Loans & Resources Roundtable | SBA, SBDC & SCORE WATCH PDF of PPT
April 7: Leadership & Confidence | Justin Patton WATCH
April 8: Celebrating Kindness in Our Community | Autumn Reo WATCH PDF of PPT
April 9: Update from Congressman Marc Veasey WATCH PDF of PPT
April 13: Update from Senator John Cornyn WATCH
April 14: Chamber Update | Michael Jacobson WATCH
April 15: Everyone Counts: The 2020 Census | Sarah Stubblefield WATCH PDF of PPT
April 16: Innovate & Re-Allocate to Survive & Thrive | Kevin Alft WATCH PDF of PPT
April 20: City Update from Chief Crowson WATCH
April 21: Navigating Unemployment | Texas Workforce Commission WATCH
April 22: Update from Congressman Ron Wright WATCH
April 23: Market Watch: Projected Patterns of Recovery WATCH
April 27: Small Business Loans During COVID-19 in Español WATCH | Special thank you to the Latino Business Group
April 28: Reopening the Texas Economy with Chamber President Michael Jacobson WATCH
April 29: Economic Outlook: A Macro-Economic Perspective WATCH
April 30: Intentionality in Leadership WATCH
May 5: Coronavirus: Are You Prepared to Reopen? WATCH
May 6: Caring For Your Community WATCH
May 7: Living Responsively In A Reactive World WATCH
May 12: Update from State Senator Beverly Powell WATCH
May 13: Update from Texas Comptroller Glenn Hegar WATCH
May 14: Lawyers’ Roundtable: How to Protect Yourself from Litigation as You Reopen with Brandy Austin, Kelly Curnutt and Jim Ross WATCH
May 19: How to do Business with the Government WATCH
May 20: Update from UTA with Interim President, Teik Lim WATCH
May 21: Retailers' Roundtable WATCH
May 22: Update from Senator Ted Cruz WATCH
Professional Development Trainings
Working from home? Take some time to learn! Use this page as a resource for you and your business to succeed during troubling times. Click on any of the PDFs, PowerPoint Presentations or blog posts to get FREE resources for your business.
- Crisis Averted: 11 Steps You Need to Take NOW
- A Pandemic Business Checklist
- Crisis Communication Tip Sheet
- How to Ensure Your Virtual Meeting is a Success
- ActionCOACH March 2020 Newsletter - Crisis Management
- Coronavirus Survival Guide for Small Businesses (Advent Trinity Marketing)
- COVID-19 pandemic: How to prepare your business (Insperity)
Interesting Reads from Our Members
Our membership spans the entire business industry spectrum. If you're looking for a break, here's a list of interesting reads submitted by our members.
Local Podcasts
Produce a local podcast relevant to the business owners of greater Arlington, share it with us!