- The U.S. Chamber of Commerce created a Save Small Business Initiative to do its part in supporting small businesses, workers and families. The initiative provides $5,000 supplemental grants to small employers. As part of the initiative, the U.S. Chamber also is including a campaign to provide resources and webinars, advocacy, polling, and a call to action. https://www.uschamber.com/save-small-business
- The CARES Act established programs to help address the COVID-19 crisis, including the Paycheck Protection Program, EIDL Loan Advance, SBA Express Bridge Loans, and SBA Debt Relief. The SBA website has the full info you need here https://www.sba.gov/funding-programs/loans/coronavirus-relief-options.
- News sources have reported this funding has run out, but there are signs a second round of funding may be passed. Read more here: https://thehill.com/policy/finance/493018-small-business-lending-funds-nearly-depleted
- Main Street Lending Program- Federal Reserve
The Williamson County Commissioners Court met on May 1st to discuss distribution of the $93 million the County received from the Federal Government’s CARE’S Act. Listen to the video of the meeting and note what businesses are eligible and what information is going to be required to apply for these grants. Applications will be considered in the order they are received. $25,000,000 will be distributed in Phase 1 of this process.
Here’s the link to the meeting: