Community leaders offer assistance to small-business owners

The Breckenridge Economic Development Corporation and Breckenridge Chamber of Commerce will host a Facebook live event to provide insight on the SBA loan and grant programs.

The event will take place Wednesday, April 1 at 3 p.m. and will feature Virgil Moore, the CEO and Executive Director of the Breckenridge Economic Development, Carrie Holson, the Executive Director of the Breckenridge Chamber of Commerce and Stephens County Judge Michael Roach.

Before watching the live event, the group is recommending that citizens call the number below at 2 p.m., as the SBA webinar will provide more information about how two new SBA programs will aid with funds needed to get through these tough times.

Schedule of SBA Skype Meetings:
Join by phone: +1 210-469-4148

SBA EIDL Information Webinars:
April 1 | 2 p.m. |Conference ID 366690258
April 2 | 2 p.m. |Conference ID 484237430 (Spanish)
April 3 | 10 a.m. |Conference ID 783528154

Community leaders instruct citizens on the sba.gov website to follow along as they instruct on how to fill out the application for the SBA EIDL loan and grant.

The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed by Congress and signed into law on Friday, March 27 by President Donald J. Trump.

According to the National Association for the Self-Employed (NASE), the new bill offers relief to the small businesses and restaurants affected by the COVID-19 pandemic. The program will include a Paycheck Protection Program (PPP), which includes $349 billion for Small Business Administration (SBA) and guarantees of forgivable loans for small and medium-sized businesses. 

The program works in connection with the SBA's existing 7(a) loan program and will make forgivable loans of up to ten million dollars available to qualifying small businesses. The loan can also be forgiven if the business maintains its payroll through Tuesday, June 30, according to the National Association for the Self-Employed (NASE).

To better assist, SBA is holding informative Skype meetings for business owners to aid in the recovery effort due to COVID-19. To be apart of the meetings, download the Skype for Business app.

For questions about or related to an EIDL loan application, please contact the Lubbock office of SBA at 806-472-7462 or the SBA disaster assistance customer service center at 1-800-659-2955 or via email: diastercustomerservice@sba.gov.

To visit the Facebook live event, click the link below.
https://www.facebook.com/stephenscountytx.gov/?pageid=282857442607433&f…