SBA Loans & Unemployment

With guidance from our network of attorneys and CPA’s, TALA is advising nonprofit organizations, small businesses, and sole proprietors/independent contractors that need financial assistance to consider applying for these three sources of relief.

Depending on your situation, you may not be eligible for all options.  You should carefully consider these programs and the benefits and risks involved to you personally or your business.  Some of the funding is in the form of loans which require you to pay back funds.  Some of the funding is forgivable if you meet certain criteria. Make sure you read the information carefully.

These programs are currently in the infant stages of development.  Policies have been changing and will continue to be refined throughout the coming weeks. TALA and its professional volunteers have been diligently researching funding guidelines and can offer some guidance and assistance with the application process.  Please be aware that none of our volunteers are employees of the federal or state government.  They will do their best to help you understand the program criteria and complete the application. If you would like to speak with a TALA professional about these opportunities, you may sign up for a resource consultation.

To talk with a TALA professional about Small Business Administration and Unemployment programs, request a consult at TALA’s COVID-19 Related Assistance Request

 

The Small Business Administration has two loans available for small businesses, nonprofit organizations, and self-employed/independent contractors. Click on the links for more information

  1. Economic Injury Disaster Loan
  2. Paycheck Protection Program

 

The Texas Workforce Commission administers the Unemployment Benefits program. Benefits have been extended to self-employed/independent contractors. Find more information here.