COVID-19 Recovery & assistance
small business helpline
Are you a small business owner? Do you have questions on how to safely operate during the COVID-19 pandemic, or if you qualify for any of the federal funding programs? This and other FREE small business assistance is available by calling the Westside Small Business Helpline.
CALL US TODAY!
Hours of Operation: M-F, 9 am – 5 pm
SCHEDULE A MEETING WITH A SMALL BUSINESS ADVISOR at WDC:
loans & grants
As small businesses continue the hard work of economic recovery in the wake of the COVID-19 pandemic, access to capital is paramount. We have compiled a list of available loans and grants that you can help you and your small business on the road to recovery. The list below could help you or someone you know, so be sure to bookmark it, and share it with a fellow small business owner.
City of San Antonio Hospitality Grant Program (Application Period Closed)
This application period for this grant opportunity closed as of Monday, April 5th at 11:00 pm. If you applied for this grant and need more information on the status of your application, please contact LiftFund at (888) 215-2373.
Through this grant, the City of San Antonio and the Houston Street TIRZ are supporting $14.25 million to fund small business grants for the Hospitality Industry, with an emphasis on food & beverage small businesses.
U.S. Small Business Administration
Economic Injury Disaster Relief Loan (EIDL)
The loan portion of the COVID-19 EIDL program continues to have funds available at very affordable and flexible terms, with an automatic deferment of one year before monthly payments begin. Every eligible small business and non-profit is encouraged to visit sba.gov/coronavirusrelief to get more information about applying for EIDL and other economic recovery programs.
COVID-19 Targeted EIDL Advance
The Targeted EIDL Advance provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency.
Advance funds of up to $10,000 will be available to applicants located in low-income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding.
Applicants do not need to take any action at this time.
SBA will reach out to those who qualify.
SBA will first reach out to EIDL applications that already received a partial EIDL Advance (between $1,000 – $9,000). Applicants will be contacted directly by SBA via email in the coming weeks with instructions to determine eligibility and submit documentation.
ALWAYS BEWARE! Bad actors are using government logos in phishing emails in an attempt to steal account information. All communications from SBA will be sent from an official government email with an @sba.gov ending. Please do respond to and do not send sensitive information via email to any address that does not end in @sba.gov.
Response Letter After Inquiry about EIDL Advance
NEW! – Shuttered Venue Operator’s Grant
The Shuttered Venue Operators (SVO) Grant program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the SBA’s Office of Disaster Assistance.
The Shuttered Venue Operators Grant application portal remains temporarily suspended through the weekend of April 9 while we work to resolve technical issues. We can confirm we did not accept any applications or distribute any funding. When a reopening date is determined, we’ll provide updates in advance so that applicants have time to prepare.
So many live venues and related businesses have been impacted by this pandemic and we want to ensure relief is delivered as quickly and equitably as possible. We appreciate your patience.
For more information about the Shuttered Venue Operators Grant program, visit sba.gov/svogrant.
Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.
Who can Apply?
Eligible entities include:
- Live venue operators or promoters
- Theatrical producers
- Live performing arts organization operators
- Relevant museum operators, zoos and aquariums who meet specific criteria
- Motion picture theater operators
- Talent representatives, and
- Each business entity owned by an eligible entity that also meets the eligibility requirements
Other requirements of note:
- Must have been in operation as of February 29, 2020
- Venue or promoter must not have applied for or received a PPP loan on or after December 27, 2020
Additional COVID-19 Funding Options
The SBA has a free, curated list of thousands of funding sources at the national, state, regional and local levels designed to support small businesses in accessing capital to recover from COVID-19. Learn more
paycheck protection program
ADDITIONAL ACCESS TO CAPITAL FROM SBA
SBA provides a number of loan resources for small businesses to utilize when operating their business. For more information on loans or how to connect with a lender, visit: https://www.sba.gov/funding-programs/loans.
How to get access to lending partners? SBA has developed Lender Match, a free online referral tool that connects small businesses with participating SBA-approved lenders within 48 hours.
- 7(a) program: offers loan amounts up to $5,000,000 and is an all-inclusive loan program deployed by lending partners for eligible small businesses within the U.S. States and its territories. The uses of proceeds include working capital; expansion/renovation; new construction; purchase of land or buildings; purchase of equipment, fixtures; lease-hold improvements; refinancing debt for compelling reasons; seasonal line of credit; inventory; or starting a business.
- Express: loan program provides loans up to $350,000 for no more than 7 years with an option to revolve. There is a turnaround time of 36 hours for approval or denial of a completed application. The uses of proceeds are the same as the standard 7(a) loan.
- Community Advantage: loan pilot program allows mission-based lenders to assist small businesses in underserved markets with a maximum loan size of $250,000. The uses of proceeds are the same as the standard 7(a) loan.
- 504: loan programs is designed to foster economic development and job creation and/or retention. The eligible use of proceeds is limited to the acquisition or eligible refinance of fixed assets.
- Microloan: program involves making loans through nonprofit lending organizations to underserved markets. Authorized use of loan proceeds includes working capital, supplies, machinery & equipment, and fixtures (does not include real estate). The maximum loan amount is $50,000 with the average loan size of $14,000.
Visit our Calendar of Events to check out upcoming webinars and digital events hosted by WDC and local partners. These events range from social media training to learning about local and federal grant opportunities.
Important tax information
Restaurants Can Qualify for Big Tax Credit
A new law signed in late December 2020 makes restaurants eligible for an employee retention tax credit, even if they received a PPP loan. Now, for any calendar quarter between March 13 and Dec. 31, 2020, a restaurant with 100 or fewer full-time employees may be able to access ERTC of up to $5,000 per employee.
And, for the first two quarters of 2021, Jan. 1–March 31, and April 1–June 30, restaurants with 500 or fewer full-time employees may be able to access ERTC of up to $7,000 per employee per quarter. Read how it works.
Coronavirus Tax Relief and Economic Impact Payments
IRS is offering tax help for taxpayers, businesses, tax-exempt organizations and others – including health plans – affected by coronavirus (COVID-19). Get the latest updates on Coronavirus Tax Relief.
Guide to 2020 small business taxes and stimulus relief
Our small business tax pros can help you navigate the tax changes for small businesses affecting 2020 returns and understand what financial aid options might be available to you. Learn More
Texas Restaurant Association
The Texas Restaurant Association is committed to providing our members with resources and opportunities to help manage elements within our control.
UPDATED COVID-19 Safe Operating Guidance
America’s SBDCs are working to help small businesses address the business challenges of the coronavirus disease 2019 (COVID-19) pandemic.
As communities throughout the world respond to COVID-19 (coronavirus), Google knows that this time presents unique challenges for businesses. Here are some tips and recommendations to help you navigate this for your employees and customers.
To slow the spread of COVID-19, many employees, educators, and students are working remotely. Google has gathered some free tools and resources to keep you connected and productive. Visit grow.google/remotework/
Google Cloud announced many previously-paid features of Hangouts Meet will now be free for all G-suite and G-suite for Education customers through July. [Features such as hosting up to 250 people in a call together, ability to record meetings, and live streaming content for up to 100,000 people within the domain].
The National Restaurant Association Educational Foundation
The National Restaurant Association launched a new industry grassroots education and engagement resource available online at RestaurantsAct.com. This new site is a one-stop hub of critical information for restaurants, employees, customers, and industry partners.
In addition to the latest resources on COVID-19 restaurant and employee recovery programs, RestaurantsAct.com offers a brand new, industry-first interactive map of each state, District of Columbia, and Puerto Rico. This map links to state-by-state information, tools and updates covering state laws, regulations regarding closures as well as, eventually, re-openings. The map includes the latest state and federal jobs, job loss, and economic data covering the restaurant and foodservice industry.
LOCAL RESOURCE PARTNERS
To set you and your employees in the right direction, start with these resources:
State of Texas
Information for COVID-19 Employers and Jobseekers
San Antonio Workforce Solutions Alamo
Information on COVID-19 for employers and job seekers in San Antonio and surrounding areas
Work in Texas
Employment links to more than 600,000 jobs in Texas
Texas Unemployment Questions Answered
U.S. Department of Labor
Career One Stop Unemployment Benefits Finder
Family and Medical Leave Act Questions and Answers