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Articles on this Page
- SBA Disaster Loans
- SBA Economic Injury Loan Program
- Prosper EDC Information
- Collin County SBDC Location
- Prosper Chamber Facebook Post
- COVID-19 Businesses Economically Injured
- Texas Health’s Coronavirus Hotline
- School Closures
- SBA Updates Criteria on States for Requesting Loans
- Disaster Declaration, Executive Order Denton PDF 3/18/20
- Amended Denton County Judge Order outlines new mandates 3/18/20
- March 19 Governor Update - Gov. Abbott Declares Disaster
- President Trump Signs Families Fist Coronavirus Response Act
- Tax Day Deadline Will Move to July 15
- Cornerstone Resales shop has gone virtual
- Prosper Restaurants - Drive Thru/Carry Out & Delivery
- Coronavirus Resources for Collin County
- Denton County Judge signs New Executive order Mar 22
- Small Business Administration Resources Webinar
- Collin County Judge Issues Shelter-in-Place 3/23/2020
- Small Business Administration Fact Sheet
- Denton County has issued a stay-at-home order
- SBA Disaster Assistance in Response to the Coronavirus
- Collin County Judge Issues ‘Stay Home, Work Safe’ Measures, Businesses to Remain Open
- Protect Yourself From COVID-19 Scams
- Woman-owned Business Grant
- SBA Economic Injury Disaster Loan Information Collin SBDC
- Quick facts to apply for the SBA’s Disaster Loan
- Cornerstone Resales shop has gone virtual
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SBA Disaster Loans
March 17, 2020
To the Small Business Owners of HD 106,
As we enter the second week of the unprecedented COVID-19 global pandemic, we are just beginning to feel the economic impact that “social distancing” will have on our communities. Our small businesses are the heartbeat of Main Street, America, and are a formidable economic engine, but they also are the most susceptible to economic distress and market fluctuations.The Federal Reserve has taken bold action to slash the federal funds rate to 0% and to launch a massive $700 billion quantitative easing program to help shelter the economy from the effects of the virus. However, many small businesses may find themselves unable to qualify for such loans.
For this reason, the Small Business Administration (SBA) has designated COVID-19 as a qualifying event for Economic Injury Disaster Loans (EIDL) for businesses and private non-profits in affected communities.
Small businesses, small agricultural cooperatives, and some private nonprofit organizations that have suffered substantial economic injury due to COVID-19 may be eligible for an EIDL of up to $2 million, which will provide the necessary working capital to help businesses survive until normal operations resume after a disaster.
EIDL assistance will be available to small businesses only when the SBA determines they are unable to obtain credit elsewhere.
The State of Texas is asking for your help as community leaders to spread the word about the Economic Injury Disaster Loan Program. I thank you in advance for sharing this valuable program to your small business members.
Please click here for access to the application process and relevant worksheets. If you have any questions or concerns, you can reach me at my Capitol office at (512) 463-0694 or our Frisco district office at (214) 494-6498.
Sincerely,Jared Patterson
State Representative,
House District 106Click to Return to Index.
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SBA Economic Injury Loan Program
Click to Return to Index.Good Morning,
Please share your story of economic loss from the COVID-19 (coronavirus) with the Small Business Administration as soon as possible.
In order for Texas businesses to become eligible for emergency, low-interest bridge loans from the SBA to help you pay immediate costs such as your mortgage and payroll, a business from each of Texas’ 254 counties needs to show the SBA it has been negatively affected by the COVID-19 (coronavirus).*
Here is what you can do to help: please email this Economic Injury Worksheet to: TDEMPARecovery@tdem.texas.gov
Additional information from the U.S. Small Business Administration about Economic Injury Disaster Loans can be found here.
Sending in this form will not financially obligate your business in any way. When the declaration is granted for the SBA emergency loan program, applicants will receive information on how to apply for their loan.
Sharing your story is the next step in this very long process. These are unprecedented times for all of us - information, questions, and uncertainty will continue to remain in our day to day routine on the road ahead.
*It is all based on how many businesses submit a declaration. If there is no declaration, there will be no funds available for the county. -
Prosper Economic Development Corporation Information
I have participated in several calls regarding the economic impact of the current Corona situation. Nationwide, the Economic Development Community is establishing processes by which we may assist small businesses. Our work is done in conjunction with the SBDC and EDA. We have an International Economic Development Council Board of Directors call Monday regarding the topic; discussing challenges, solutions and strategies. As information is made available, I will forward it to you. It will be critical that you share it with your members. Ask them to be as patient as possible and reassure them that we, the Chamber and PEDC, will do everything possible to assist them.
My experience in Louisiana and Mississippi with Rita, Katrina and Gustav is very broad. Unfortunately and fortunately, I have TOO much experience. I have been in contact with Michael Talley, Denton. He is reaching out to the EDOs in an effort to share solutions and ideas. He’s doing a good job of gathering information. I’ve offered assistance if needed.
The message must be that help will be available.
Mary Ann Moon, CEcD, FM, HLM
Executive Director
Prosper Economic Development Corporation
130 N. Preston Road, Suite 130
Prosper, TX 75078
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Collin County SBDC Location
Businesses need to begin the process in preparation for requesting assistance. The more than can do on the front end, the sooner needs can be met.The Collin County SBDC is located at:
4800 Preston Park Blvd, Plano, TX 75093Click to Return to Index.
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Prosper Chamber Facebook Post
Facebook: We can’t control everything, but we can control how we look after our local community! We’ve pulled together a list of all the chamber members that are still open or offering services during this unprecedented time. See below and don’t forget to #supportlocal!
Restaurants:
Jersey Mikes: Open for to-go orders and delivery through the Jersey Mike’s app, GrubHub, DoorDash and Uber Eats.
Triple G Catering: Catering side is still open for business and their non-profit is offering food to those in need.
EJ Wills Pub: Open for curbside take out and pick-up AND a 15% discount now through Friday! Also available to order via UberEats and Door Dash and 10% off all catering orders.
Entertainment/Services:
AAI Trophies and Awards: Open for business during normal business hours from 9am – 5pm, Monday thru Friday.
A Joyful Mess: Do art at home with supplies laying around the house! Check out their Youtube channel here: https://youtu.be/grvT_3JZ0Rw
Carpet Tech: Open and offering Carpet Tech’s exclusive disinfecting process kills bacteria, molds, and viruses, including COVID-19.
Children’s Health Hospital: Open 24/7 and if you suspect your child has been exposed to, or is exhibiting signs of COVID-19, please contact your primary care provider who will confirm next steps if testing is needed.
Edit Learning Design: Taking appointments remotely via Zoom meeting or video (includes design clients).
Lynn Gross CPA: Open for regular business hours, but for any clients that are scheduled with an appointment, we will be meeting by teleconference.
Solis Mammagraphy: Open during normal business hours.
Texas Amp & Axes: All music lessons will be online until further notice. Check the store’s website for updates on store hours.
Texas Farm Bureau: Open for regular hours for quotes on home, auto, life and commercial.
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COVID-19 Businesses econimically injured
IMPORTANT:
Nationwide, the Economic Development Community is establishing processes by which we may assist small businesses. Our work is done in conjunction with the SBDC and EDA. There will be an International Economic Development Council Board of Directors call Monday regarding the topic; discussing challenges, solutions and strategies. As information is made available, we will be sharing it with our members.
For now we ask you to please be patient. We assure you that both the Chamber and PEDC, are doing everything possible to assist you in these times.
Next Steps:
Please share your story of economic loss from the COVID-19 (coronavirus) with the Small Business Administration as soon as possible.
In order for Texas businesses to become eligible for emergency, low-interest bridge loans from the SBA to help you pay immediate costs such as your mortgage and payroll, a business from each of Texas’ 254 counties needs to show the SBA it has been negatively affected by the COVID-19 (coronavirus).
Please email the Economic Injury Worksheet below to: TDEMPARecovery@tdem.texas.gov
Sending in this form will not financially obligate your business in any way. When the declaration is granted for the SBA emergency loan program, applicants will receive information on how to apply for their loan. The aid is contingent on how many businesses submit a declaration. If there is no declaration, there will be no funds available for the county.
Sharing your story is the next step in this very long process. These are unprecedented times for all of us - information, questions, and uncertainty will continue to remain in our day to day routine on the road ahead.
RESOURCES:
Economic Injury Worksheet
https://bit.ly/2QH2LYr
U.S. Small Business Administration - Economic Injury Disaster Loans
https://bit.ly/2WkzN46
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
https://bit.ly/2w8Xfqs
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Texas Health’s Coronavirus Hotline
Texas Health’s Coronavirus Hotline
Staffed by nurses is available 24/7 to help answer your questions: 682-236-7601
Call anytime to speak to a nurse.
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SCHOOL CLOSURES
Ace Montessori will be closing as of Monday, March 23, 2020 until Friday, March 27th. The decision was made to protect the health and safety of their students, families and staff. During this time, they will provide updates and will re-evaluate the situation at the end of the week.
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SBA Updates Criteria
SBA Updates Criteria on States for Requesting Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19).
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Disaster Declaration, Executive Order Denton PDF
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Amended Denton County Judge Order outlines new mandates
Link to Amended Denton County Judge Order outlines new mandates
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Gov. Abbott Declares Disaster, Closes Schools, Bars, Gyms Statewide, Restaurants “To Go” Only
Gov. Abbott Declares Disaster, Closes Schools, Bars, Gyms Statewide, Restaurants “To Go” Only
Statewide declaration runs March 20 through April 3, may be extended
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President Trump Signs Families Fist Coronavirus Response Act
Late on Wednesday evening, President Trump signed the Families First Coronavirus Response Act which, among other things, addresses federal emergency FMLA and paid sick leave. Below are the highlights.
Emergency Family and Medical Leave Expansion Act
Effective Dates: April 2, 2020 - December 31, 2020
Covered Employers: Private employers with fewer than 500 employees and public agencies of any size (though employers with fewer than 50 employees are shielded from civil FMLA damages in an FMLA lawsuit, meaning reduced liability in terms of back pay or liquidated damages)
Eligible Employees: Employees who have been employed for at least 30 calendar days by the employer
Leave Entitlement: Up to 12 weeks
Reasons for Leave: Eligible employees may take up to 12 weeks of leave for a qualifying need related to a public health emergency. Such qualifying need is limited to circumstances in which the employee is unable to work or telework due to a need to care for a minor child if the child’s school or place of child care has been closed or is unavailable due to a public health emergency.
Financial Benefit: The first 10 days of emergency FMLA leave is unpaid unless an employee elects to utilize any accrued vacation leave, personal leave, or medical or sick leave (including emergency paid sick leave, discussed below) concurrently.
After 10 days, employees are eligible for an amount that is not less than two-thirds of their regular rate of pay based on the number of hours the employee would otherwise be normally scheduled to work.
In the case of an employee whose schedule varies from week to week to such an extent that an employer is unable to determine with certainty the number of hours the employee would have worked had the employee not taken leave, the employer should use: (1) a number equal to the average number of hours that the employee was scheduled per day over the immediately preceding 6-month period (including leave hours); or (2) if the employee did not work over the immediately preceding 6-month period, the reasonable expectation of the employee at the time of hiring of the average number of hours per day that the employee would normally be scheduled to work.
Emergency FMLA leave pay need not exceed $200 per day or $10,000 in the aggregate.
Notice: Employees with a need for leave must provide as much notice as is practicable.
Reinstatement: Employees are eligible for reinstatement pursuant to default FMLA rules. An exception applies for employers with fewer than 25 employees if certain conditions are met (such as non-existence of previously held position due to economic conditions, etc.)
Emergency Paid Sick Leave Act
Effective Dates: April 2 - December 31, 2020.
Covered Employers: Private employers with fewer than 500 employees and public agencies of any size
Eligible Employees: All current employees, regardless of days of service.
Leave Entitlement: 2 weeks of paid leave, meaning 80 hours for full-time employees. Part-time employees receive a number of hours equal to that worked on average over a 2-week period.
Reasons for Leave:
· Employee is subject to a federal, state, or local quarantine or isolation order related to COVID-19
· Employee has been advised by a health care provider to self-quarantine because of COVID-19
· Employee is caring for an individual ordered or advised to quarantine or isolate
· Employee is experiencing symptoms of COVID-19 and is seeking a medical diagnosis
· Employee is caring for a son or daughter whose school or place of care is closed, or child care provider is unavailable, due to COVID-19 precautions
· Employee is experiencing substantially similar conditions as specified by the Secretary of Health and Human Services, in consultation with the Secretary of the Treasury and the Secretary of Labor
Financial Benefit: Employees should receive their regular rate of pay for leave related to their own care, diagnosis, quarantine, or isolation. When employees use paid sick leave to care for a family member or for school or child care closures, they are entitled to two-thirds their regular rate of pay.
In the case of an employee whose schedule varies from week to week to such an extent that an employer is unable to determine with certainty the number of hours the employee would have worked had the employee not taken leave, the employer should use: (1) a number equal to the average number of hours that the employee was scheduled per day over the immediately preceding 6-month period (including leave hours); or (2) if the employee did not work over the immediately preceding 6-month period, the reasonable expectation of the employee at the time of hiring of the average number of hours per day that the employee would normally be scheduled to work.
Emergency sick leave pay may be limited to $511 per day and $5,110 in the aggregate where leave is taken for the employee’s own illness, diagnosis, quarantine, or isolation, and $200 per day and $2,000 in the aggregate for leave taken to care for others or for school or child care closures.
Carryover: Paid sick time under the new law does not carryover after December 31, 2020.
Existing Leave Policies: Paid sick leave under the new law is available to employees in addition to leave under an existing company policy. Employers may not require employees to first use accrued leave under existing company policy before using sick leave under the new law.
Exemptions: Health care providers and emergency responders may be exempted
Tax Credits
The law provides for reimbursement for employers via payroll tax credits. Refundable tax credits equal to 100% of qualified family and sick leave wages an employer pays for each calendar quarter will be available. Tax credits against income taxes are also available to self-employed individuals (at a reduced, two-thirds rate when using emergency paid sick leave to care for family members or due to school or child care closures).
This blog article is intended for general informational purposes only and should not be construed as legal advice or opinion. Contact myHRcounsel with questions concerning specific facts and circumstances.
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Tax Day Deadline Will Move to July 15
The deadline for individuals and businesses to file their income taxes will shift from April 15 to July 15, Treasury Secretary Steven Mnuchin said on Twitter Friday.
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Resources and Assistance for Prosper Residents
Assistance Center of Collin County
972-422-1850
- Food
- Clothing
- Emergency financial assistance
- Employment Services
National Suicide Prevention Lifeline
https://suicidepreventionlifeline.org
1-800-273-8255
Avenue F Church of Christ Ministry
214-543-5269
- Mental Health Crisis
Neighbors Nourishing Neighbors (Formerly Bethlehem Place)
469-296-8877
- Food
- Donation of food
Collin Baptist Association
972-529-5222
- Spiritual Care
- Child Care
Community Council of Greater Dallas – 211
214-871-5065 or 211 from a cell phone
- Health Questions
- Resource Information
Jewish Family Service of Greater Dallas
972-437-9950
- Food
- Financial Assistance
- Crisis Counseling
- Mental Health
Meals on Wheels
972-562-6996
- Food
Medical Reserve Corp.
972-548-4472
- Mental Health
The Salvation Army
972-542-6694
- Emotional Care
- Spiritual Care
- Mental Heath
The Store House of Collin County
214-291-8028
- Food
- Mental Health
Victim Relief Ministries
972-400-1163
- Mental Health
- Spiritual Care
- Emotional Care
United Way Denton County
https://www.unitedwaydenton.org/MentalHealth
- Mental Health
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Prosper Restaurants - Drive Thru - Carry Out - Delivery Options
Coronavirus Resources for Collin County
Sunday, March 22, 2020
Coronavirus Resources for Collin County
Resources, Information, and Updates for those Impacted by COVID-19Friends,
This is an unprecedented moment for Texas and for our nation - a threat unlike any we have experienced in our lifetimes. I know individuals, families, and businesses face mounting ambivalence about what their future may hold. However, one thing is clear - we are in this together.
While the situation is constantly evolving, I want to make sure my constituents can easily access up-to-date and accurate information regarding the federal government's efforts to contain the spread of this virus. It's also important for you to have access to the tools and resources that may be available to you during these difficult times.
While I encourage you to sign up for email alerts at the button below or by simply responding to this email, I will also post regular updates and resources online on my Coronavirus Resource Portal.
Below, you will find links to resources for families, workers, businesses, seniors, and veterans. There are also specific sections dedicated to posting real-time updates on travel and health information.
If you have any questions about these resources, please don't hesitate to contact me. My staff and I are here to assist you in any way possible during these uncertain times. You can reach my office by calling (972) 202-4150 or send me an email online.Semper Fidelis,
Van Taylor
Member of Congress
Click to Return to Index.
Denton County Judge signs New Executive order March 22
Small Business Administration Resources Webinar
Over the past several weeks, I have been in communication with many local small businesses, discussing their ability to operate amidst the devastating effects coronavirus has taken on every facet of commerce. Please know, I remain engaged on this rapidly evolving issue and am working to provide needed resources to our local businesses during this critical time.
With that in mind, I invite Collin County small businesses to take part in an important video conference webinar I am hosting this Wednesday, March 25, 2020 at 2:00 PM CST with our regional representative from the Small Business Administration. During this call the we will provide up-to-date information on the application process and take questions and feedback from participants. To view or register for the webinar open the PDF below.
Click to view Small Business Administration Resources Webinar PDF
Semper Fidelis,
Van Taylor
Member of Congress
Click to Return to Index.
Collin County Judge Issues Shelter-in-Place Order Published March 23, 2020
Small Business Administration Fact Sheet
Denton County has issued a stay-at-home order that will go into effect midnight Wednesday, March 25.
SBA Disaster Assistance in Response to the Coronavirus
Collin County Judge Issues ‘Stay Home, Work Safe’ Measures, Businesses to Remain Open
Collin County Judge Issues ‘Stay Home, Work Safe’ Measures, Businesses to Remain Open https://www.nbcdfw.com/news/coronavirus/collin-county-expected-to-issue-shelter-in-place-on-tuesday/2337145/
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Protect Yourself From COVID-19 Scams
Protect Yourself from Scams
Related to COVID-19We are committed to your financial well-being, especially during times of uncertainty. Please be aware that scammers are trying to take advantage of fears surrounding the Coronavirus. The Federal Trade Commission has provided information about scams in several updates.
We want to give you sensible, level-headed actions to take. But first, step back and take a big, deep breath. Now let’s look at some things you can do to keep you on your feet—even without a paycheck.Learn More Find your Local Branch
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800-924-4427Health and safety of our Customers, Communities, and EmployeesOur number one priority is to protect the health and safety of our employees, customers and communities. As we continue to monitor and address the growing concern of COVID-19, we are taking precautionary action to protect others while continuing to serve the financial needs of our customers.Stay up to date and connected Banking Mortgage MEMBER FDIC 
Equal Housing Lender. NMLS# 400025.Insurance Investments Not FDIC Insured. No Bank Guarantee. May Lose Value. Privacy Policy | Security Statement | Assets for Sale | Terms of Use | Contact Us © 2020 FIRST UNITED BANK. ALL RIGHTS RESERVED
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Woman-owned Business Grant
The purpose of this program is to assist Texas, woman-owned businesses that have been severely impacted by Coronavirus (COVID-19). A total of $1,000,000 (100 grant awards) is available.
Grant Amount: $10,000
https://twu.edu/center-women-entrepreneurs/assisther-emergency-relief-grant/?fbclid=IwAR1OGLTSkkziZV7uJTM7Ql-T8SR6lslVomFuT_au2S5HsmwROY4-4-XAfSs
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SBA Economic Injury Disaster Loan Information Collin SBDC
Quick facts to apply for the SBA’s Disaster Loan
Cornerstone Resales shop has gone Virtual
