Emergency Legislation Provides COVID-19 Relief to Small Businesses
Emergency Legislation Overview
As part of an end-of-year pandemic relief package, Congress passed several changes to the Paycheck Protection Program (PPP) and created a “Second Draw” PPP for small businesses who have exhausted their initial loan. Other changes impact eligibility for initial PPP loans, the loan forgiveness process, and the tax treatment of PPP loans.
Congress has also made changes to other programs – including Economic Injury Disaster Loans (EIDL Program), the Employee Retention Tax Credit, a Venue Grant program, and SBA loan programs –that will benefit small businesses.
Paycheck Protection Program
US Chamber of Commerce | Guide to Small Business COVID-19 Emergency Loans
Small Business Administration | Paycheck Protection Program
Small Business Administration | First Draw PPP Loans
Small Business Administration | Second Draw PPP Loans
Small Business Administration | PPP Loan Forgiveness
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.
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
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.