COVID-19 Response

Travis County Confirmed COVID-19 Cases: 642

Last Updated: 4/8/2020, 12:00 p.m.
Source: austintexas.gov

Texas Confirmed COVID-19 Cases: 10, 230

Last Updated: 4/9/2020, 12:15 p.m. 
Source: Texas Department of Health and Human Services

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PCDC ALERTS

April 3, 2020

Paycheck Protection Program (PPP) 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.

Lenders may begin processing loan applications as soon as April 3, 2020. The Paycheck Protection Program will be available through June 30, 2020.

PPP Rule Guidance

SBA's PPP Link

Treasury Department PPP Application
 

March 20, 2020

Governor Abbott announced that the U.S. Small Business Administration (SBA) has now granted Texas’ Economic Injury Disaster Loan (EIDL) assistance declaration, making loans available statewide to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19).

Next Steps: Small businesses who believe they may be eligible for an SBA EIDL should visit the SBA’s website where they can directly apply for assistance. The online application is the fastest method to receive a decision about loan eligibility. 

Those applying will need to reference the SBA's declaration
number for this loan, which is Texas #16381.

Due to a high volume of people applying for the SBA Disaster loan, the site is 
experiencing crashes. To help minimize this, try submitting your application
during the hours of 7 p.m. -7 a.m.

Here are the five documents on the website you will need to complete:

1. IRS Form 4506-T
2. Personal Financial Statement (SBA Form 413)
3. Schedule of Liabilities & Fixed Assets (SBA Form 2202)
4. Monthly Sales (SBA Form 1368)
5. Home Loan (SBA Form 5c), if applicable
    

Below is the list of ten documents you should assemble and scan to prepare for uploading them into the EIDL website:

1. Corporate governance documents; e.g., Articles of Incorporation, Articles of Organization (for LLC), or Registration of Sole Proprietorship
2. A written narrative statement justifying the nature and scope of economic injury and how/why nature of the business was adversely impacted by the Coronavirus ( one page/no more than two), such loss of revenues, canceled contracts, interrupted supply chain, etc.
3. Current Accounts Payable and Accounts Receivable Aging as of the date of filing for the loan
4. Three (3) years’ 1040 Federal Income Tax Returns for the business & owners
5. Three (3) years’ company FYE Income Statement and Balance Sheet and the latest YTD Financial Statements (Company prepared)
6. Company and Owners’ Debt Schedule Tables [e.g., Lender, original loan amt., date, current balance, interest rate (F or V?), collateral, the purpose of the loan, guarantors, status (e.g., current or past due with explanation) per row in the table]
7. Monthly (reasonably detailed) two (2) years cash flow projections
8. Three (3) years’ Monthly Sales History up to date of filing for a loan
9. Current copies of owners’ credit reports from the three (3) credit bureaus with explanations for any negative reports
10. Required SBA Forms (of all Owners, Co-owners & Principals owning 20% or more of the small business): IRS Form 4506-T, Personal Financial Statement (only on SBA Form 413), Schedule of Liabilities and Fixed Assets (SBA Form 2202), Monthly Sales (SBA Form 1368), Home Loan (SBA Form 5c)

Go to www.disasterloan.sba.gov to complete your profile and download forms.

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Pflugerville Chamber of Commerce

We know many of our local businesses rely on the foot traffic to sustain operations and wages. In an effort to get the message out that consumers can still shop and support you online, the Pflugerville Chamber of Commerce is collectively gathering local business hours and information to place on the chamber website. To add your business information to the website, please visit Pflugerville Chamber of Commerce 

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National Resources

Center for Disease Control and Prevention

Community Organizations Businesses Community Events

Federal Government Assistance

For more resources and learn how the federal government is responding to COVID-19.
Visit usa.gov

Small Business Administration (SBA) Guidance & Disaster Loans: 

The federal government has made disaster loans available through the SBA's Economic Injury Disaster Loan program. This program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to help overcome the temporary loss of revenue they are experiencing.

Apply for Disaster Assistance Guidelines for Small Business Coronavirus Relief Options

The U.S. Department of Labor

The U.S. Department of Labor provides information on common issues employers and employees face when responding to influenza, pandemics, or other public health emergencies.

Employment Resources Preparing Workplaces

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State and Local Resources for Businesses