Small Business Guidance & Loan Resources

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Small Business Administration (SBA)

Check out the Small Business Administration’s (SBA) Corvid-19 resources here. The SBA offers guidance on subjects like the Payroll Protection Program, Economic Injury Disaster Loans, and Debt Relief.

Update: On March 30th the SBA released a handy guide to break down what’s in the CARES act.

Go directly to PPP, Paycheck Protection Program. An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Download the PPP Application and the Paycheck Protection Program FAQ sheet.

Go directly to Economic Injury Disaster Loan Emergency Advance. This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. Online Application.

Find Local Assistance. Get connected to SBA offices near you.

CARES Act

A summary of the bill’s key provisions dealing restaurants, foodservice establishments and their employees.

Restaurant Law Center Paid Sick and Safe Time

Families First Act in response to COVID-19, “Under H.R.6201, private employers with fewer than 500 employees must provide covered employees emergency paid sick and/or paid family leave. The law, which takes effect no later than April 2, 2020, 15 days after the law’s March 18, 2020 enactment date, will remain in effect until December 31, 2020.”

In Texas depending on the reason for the absence, COVID-19 absences might be a covered use under Dallas’s mandatory paid sick leave law.

If an employee contracts COVID-19, undoubtedly the law applies. The law may apply also if a covered relation contracts COVID-19 and the employee will care for or assist the family member. Employees can use paid sick leave for an absence when they or covered relations have an illness, injury, or health / medical condition, or a need for diagnosis, care, or treatment thereof.

Employees can use leave for preventive medical or health care, which might impliedly cover self- or employer-instituted quarantines and might be a covered paid sick leave use.

Evolving Interpretation (Closure of a Business, School or Place of Care due to COVID19 Exposure Concerns): Even if a jurisdiction does not expressly permit employees to use paid sick leave when a public official closes a covered location, when these locations voluntarily close due to COVID-19 exposure concerns, and/or closure involves private (rather than public) schools, the absence of express language authorizing paid sick leave use might not mean protected leave is unavailable. It is possible closure-exposure-related absences qualify as preventive (medical) care.

Previously, the state labor department informally told Littler employers can require employees to use mandatory paid sick leave for a covered absence if the requirement is clearly stated in a policy that employees receive.

Restaurant Law Center, National Restaurant Association

Texas Call to Action

The Texas Restaurant Association (TRA) and David Denney are requesting a Call to Action to address some of the concerns with the CARES Act and seek relief from local government by petitioning Gov. Abbott to allow Mixed Bev to go and a letter to Mayors across Texas to work with the TRA in the economic recovery effots.

Banks Offering Assistance

Forbes published an article listing the assistance big banks are offering during the CORVID-19 outbreak. List Of Banks Offering Relief To Customers Affected By Coronavirus

Workest provided a list of top SBA lenders and whether they are accepting loan applications under the Paycheck Protection Program (PPP). The List of PPP Application Status Among the Top 100 SBA Lenders

Chase Business link to Paycheck Protection Program.

Plains Capital Bank link to SBA loan programs.

Other Resources Provided by The National Restaurant Association

Resources provided by the National Restaurant Association (NRA) include training and certification, cost relief and revenue creation, health care, and employee resources.

The city of Addison, TX economic development office has a list of local, state, and federal resources to help business during this crisis.

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