League City Regional Chamber of Commerce has Moved to a New Location!
100 Perkins Avenue, Ste B2, League City, TX 77573
The Centers for Disease Control and Prevention (CDC) provides extensive information and updates on how to prevent community spread. Below is specific guidance for community organizations, businesses, and event planners.
The Small Business Administration (SBA) released a toolkit offering guidance for businesses and employers to plan and respond to Coronavirus. Just announced! SBA's Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses and nonprofits 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.
SBA Economic Injury Disaster Loan and Advance
SBA has a new, streamlined online loan application with no filing requirement to provide tax returns, financial statements, etc. – one application which includes the EIDL loan and an EIDL Advance.
To apply online for an EIDL loan go to: https://covid19relief.sba.gov/
Small businesses may request an Advance of $1,000 per employee, up to $10,000.
The EIDL Advance does not have to be repaid.
There is no cost to apply and no obligation to accept an approved loan.
A local Small Business Development Center counselor may be able to help – to find one, visit: https://www.sba.gov/local-assistance.
SBA’s Customer Service Center
To check the status of your loan application or Advance, call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov.
SBA is presently processing millions of loan applications – there may be delays at our Customer Service Center – please be patient, don’t give up – keep trying to get through.
For help or with questions about completing the application – please contact SBA’s Customer Service Center.
Paycheck Protection Program
Businesses may visit an approved SBA 7a local lender to access the Paycheck Protection Program (PPP). Find a local PPP lender here: https://www.sba.gov/paycheckprotection/find.
A local Small Business Development Center counselor may be able to help – to find one, visit: https://www.sba.gov/local-assistance.
Please contact your local bank or go to https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp.
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