Archive Doc Small Business Resources 20200402

Summary

A Small Business Resources guide on COVID-19 prepared by the Texas Senate Committee on Business & Commerce, chaired by Senator Kelly Hancock. The federal section points to CARES Act resources from the Senate Committee on Small Business and Entrepreneurship, the Small Business Administration, the Department of Treasury, the IRS, the Department of Labor and the Department of Homeland Security, including Economic Injury Disaster Loan applications and the Employee Retention Credit. The state section describes COVID-19 pages of the Office of the Governor, the Texas Workforce Commission and the Texas Department of Insurance. A final section lists resource pages from the National Federation of Independent Business and the U.S. Chamber of Commerce, including guidance on the Payroll Protection Loan Program.

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                            Small Business Resources
Federal Resources:
Information on the Coronavirus Aid, Relief, and Economic Security (CARES) Act
    •   U.S. Senate Committee on Small Business and Entrepreneurship has a webpage dedicated to the
        CARES act with a guide to federal programs for small businesses.
    •   Small Business Administration has information and guidance for small businesses on the different loan
        resources available.
    •   Department of Treasury has a webpage dedicated to the CARES Act, including an overview of the
        Payroll Protection Program and a link to the loan application.
Small Business Administration
The U.S. Small Business Administration (SBA) provides low-interest loans to businesses and homeowners. This
webpage includes the following:
    • Disaster assistance webpage that has links to apply for an Economic Injury Disaster Loan
         online and check application status.
    • A map to find a local disaster field office.
    • For additional assistance, the SBA has a contact page or may be contacted at 1-800-659-2955 or
         disastercustomerservice@sba.gov.
Internal Revenue Service
The Internal Revenue Service (IRS) has a webpage dedicated to COVID-19 with the following:
    • News releases regarding the tax deadline extension.
    • Online resources to help taxpayers with filing and refunds.
    • Information on the economic impact payments that were included in the Coronavirus Aid, Relief, and
        Economic Security (CARES) Act.
    • Frequently asked questions about the new Employee Retention Credit created under the CARES act.
U.S. Department of Labor
The U.S. Department of Labor (DOL) has created a resource page with the following information:
    • Guidance on preventing the spread of COVID-19 from the Occupational Safety and Health
         Administration.
    • Information on common issues employers and employees face when responding to COVID-19 including
         information on the Fair Labor Standards Act and job-protected leave under the Family and Medical Leave
         Act.
U.S. Department of Homeland Security
The U.S. Department of Homeland Security Cybersecurity and Infrastructure Security Agency provides tips on
avoiding cyber scams related to COVID-19.

State Resources:
Office of the Governor – Business Resource Website
The Texas Economic Development office under the Office of the Governor has a website dedicated to providing
COVID-19 updates, resources, and information for Texas businesses. The page includes the following:
    • FAQ’s relating to COVID-19 for Texas businesses.
    • Detailed section on how small businesses and private, non-profit organizations can apply for
        Economic Injury Disaster Loans (EIDL).
    • Information on unemployment benefits for those affected by COVID-19, and a link to the Texas
        Workforce Commission (TWC) website.

   PREPARED BY TEXAS SENATE COMMITTEE ON BUSINESS & COMMERCE  SENATOR KELLY HANCOCK , CHAIR
Texas Workforce Commission
The Texas Workforce Commission (TWC) has created a COVID-19 page for employers and jobseekers.
Employers, employees, and job seekers can sign up for TWC COVID-19 email updates here. It has detailed
sections on the following topics and resources:
     • Employers
             o COVID-19 FAQ for Texas Employers
             o Managing Multiple and Mass Layoffs
             o Unemployment Benefit Information for Employers
             o TWC Tax Department
             o Precautions for Employers
             o TWC’s Shared Work Program for those needing to reduce employee hours.
     • Employees and Job Seekers
             o Unemployment Benefits
             o Unemployment Benefit Claim Self-Service
             o Precautions for Employees
             o Child Care & Earl Learning COVID-19 Information
Texas Department of Insurance
The Texas Department of Insurance (TDI) has a COVID-19 resource page. Businesses are encouraged to check
with their agent or carrier regarding specific questions about their policy or coverage. TDI has information on the
following:
     • Guidance to Industry: Information on regulatory relief and waiver action taken by the Governor and the
         Insurance Commissioner.
     • Texas health insurers waiving cost-sharing: Lists which health insurers and HMOS’s that are waiving
         consumer costs for medically-necessary testing of COVID-19, some of which are also offering
         telemedicine at no cost to consumers.
     • Business insurance, such as business interruption insurance, event cancelation insurance, and general
         liability insurance.

Other Resources:
National Federation of Independent Business
The National Federation of Independent Business (NFIB) has a COVID-19 resource page that includes:
    • Financial resources including information on the SBA Economic Injury Disaster Loan program.
    • Tips on how small businesses can prepare for COVID-19.
    • Legislative updates on COVID-19.
    • A guide to new federal lending options and a side-by-side comparison of the new Payroll Protection
        Loan Program and the SBA’s Economic Injury Disaster Loan Program.
U.S. Chamber of Commerce
The U.S. Chamber of Commerce has a resource page with the following:
    • How to get a loan through the new Payroll Protection Loan Program.
    • Workplace tips for employees
    • Guidance for employers to help prevent workplace exposure while continuing operations.
    • Small business guide that includes resources and tips including answers to the most common questions
         about small business loans.
    • Communications toolkit to assist businesses using social media, websites, and other resources.




   PREPARED BY TEXAS SENATE COMMITTEE ON BUSINESS & COMMERCE  SENATOR KELLY HANCOCK , CHAIR


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